Automotive leverage the financial turmoil banks re-arrested for a car loan business

Two years later, the bank wishes to regain consumer auto loan business. Compared with the previous, more attention to banks and car dealers. From the industry's argument is that banks and merchants Chery joint venture to build automobile finance companies, will be formally established in July. For risk considerations, since 2006, the bank's car loan business continued to shrink the size. Data show that in 2007 the national financial institutions, consumer credit balance of 3,278,300,000,000 yuan, of which only 110,700,000,000 yuan car loans, housing loans of less than 3%. However, starting this year, as the mortgage business compared with idle talk, car loans by banks once again favored the development of Shenzhen, China Merchants Bank (600036 market, shares it) and so on a number of banks have said that this year will be to develop car loan business. Merchants Bank director of the Office of Dong Hu told reporters that so far this year, the bank's car loan business well, at least in Anhui Province is relatively high in the rankings. However, he did not provide the specific size of the business. He also said that at present, mainly through cooperation with distributors to carry out the business. According to the industry, which will involve the distribution of interests, some of the earlier car dealers to cooperate with the bank's enthusiasm was not high. However, beginning this year, banks and dealers has been enhancing its co-operation. Earlier this year, Shenzhen Development Bank and Shenyang Brilliance Jinbei Automobile Co., Ltd. signed a "vehicle of the financial support of the strategic cooperation agreement." One of the focal points of the agreement, is to provide financing support to the distributor. At the same time, there are banks through the establishment of a joint venture auto finance company's way into the car loan business, Huishang Bank is one of them. Prior to this, merchants and banks have Chery signed a joint venture to set up a "silver emblem Chery Automobile finance company" strategic cooperation agreement, the preparation of the financial companies registered capital for the development of 500,000,000 yuan. As for the concrete to set up a timetable for East Hu said "not yet finalized," the current regulatory authorities are taking the appropriate procedures. He also said that after the establishment of the auto finance company, the main distributor for the system to provide a range of financial support. As early as 2006, the Bank of China (601988 market, shares it) has been adopted by the company's indirect auto and financial companies to set up a joint venture company, became the first curve stake in the company's auto finance commercial banks. It is understood that the auto finance company and the dealer is the usual mode of cooperation to provide wholesale and retail business of credit support. Wholesale distributors are based on the operating and financial situation, auto dealer finance companies awarded a certain amount of financing, mainly on new cars, test drive vehicles and used-car inventory financing to give financial support. The retail business is through the dealer network to the purchase of personal and corporate customers in the form of hire purchase and financing services. According to the China Banking Regulatory Commission announced a new "car of the financial management of the company", the auto finance company business, financing channels, such as restrictions eased. Which allow car companies to issue financial Jinrong Zhai, which is better than the previous shareholders of deposits, bank loans and so on limited sources of funding to relax a lot. The industry said that the car through the car loan finance companies to conduct business there are two advantages: First, can effectively control risk; The second is to expand the size of the business. Data also show that as of February this year, the Asian Games Village Automobile Exchange proportion of car loans has reached 35% of the same period last year increased by 20 percentage points. The auto finance companies accounted for the personal auto consumer credit market share of 48% share of the bank alone, only 5%.

Gold eased back on schedule still room for downward

See the early part of this carry trade positions to alleviate pressure on China and the United States were to cut interest rates to stimulate the global stock market up, but Africa and the United States for not following the rebound in, gold also dropped again, the difficult sharply higher precious metals market, having not yet Optimism; before yesterday's high interest rates * currency stability, the Federal Reserve to cut interest rates sharply and a half per cent, together with the Chinese central bank also cut interest rates to 0.27 per cent, good, the mood, stimulate the carry trade, gold Shouwen has 700 points after not throwing Pressure, before yesterday's high, silver also aims at steady 9.5 U.S. dollars, days after a breakthrough to high, or at 10.7 U.S. dollars, but the time in the afternoon unable to see Africa and the United States generally up, failed to rise further, high interest rates have started taking money for the precious metals market Added pressure on the financial markets continue to suffer despite the tsunami, but with the multi-national financial conference and the first program to rescue the market, short-term credit markets have been stable, the precious metal as a hedge to reduce the demand for money, the city earlier rally is mostly a rebound, it is difficult Continued to rise, the determination to save the market has, however, because of the Federal Reserve to cut interest rates a half per cent against the U.S. brought about by injury, short-term gold Chonggao, but rose again limited space, limited to the top of the consolidation, the market outlook would break under 730 will be effective Down again, not optimistic about the U.S. tonight will be a number of economic data, including the employee cost index, personal income, personal consumption expenditures, the core personal consumption expenditure price index, the Chicago area for Supply Management index and the University of Michigan consumer sentiment Index is expected to remain data are not, however, still need to pay attention to the global financial market turmoil in the circumstances. Operation: Chonggao gold prices fell after the shock, while hedge funds have been flowing into the city of gold, for the support he once brought, but the market outlook is still downside risk; proposal Gold sold at 738 U.S. dollars, the deficit Stop 3 U.S. dollars, earned only 6 U.S. dollars to make.

Borrowing dollars through improper means is dangerous

U.S. Federal Reserve over the past six weeks to launch a series of new loans and liquidity support tools, dizzying, once again, to deal with the crisis in the United States in the world's economic leaders, but measures to boost the confidence of the market need for a spate of data to prove , And the key is that it takes time, or to ease the crisis is expected to gradually lose the good. At present, more and more concerned about the market in the United States Treasury and the Federal Reserve how to support the ever-increasing pay tool, as well as the market has been very short-term bonds are more vigilant against the tide, how to have been issued by a massive short-term bonds into Longer-term bonds, this is a super-technical issues. Rebuilding confidence in the present is the key to solve three major problems: First, we must allow the market to see that all of these in the next year the Ministry of Finance will issue new debt instruments will be someone to take over, at least, it was taken over along with the voice. The U.S. Government is under pressure to convince overseas central banks and other institutional investors to absorb most of the new U.S. debt in order to continue to support the market. China and Japan in particular, the current situation can not strengthen our confidence. At the same time, needs a substantial increase in anti-inflation U.S. Treasury bonds (TIPS) issued the proportion that the United States government adopted a laissez-faire inflation will not solve the current difficulties so that buyers peace of mind. In addition, the U.S. government may be in the stability of exchange rates on additional commitments given at least implied through to dispel doubts about the outside world and attract overseas central banks and institutional investors to participate in a high, it will be more difficult. Second, the market needs to see housing prices, corporate cash flow and the default rate stabilizing, the financial crisis in the containment control. Data may attract people to eyeball, except collateral default rate and stable, or rising losses will continue to erode the banking system was added on the basis of the capital, were to become a bottomless pit, the consequences would be unthinkable. The Fed's balance sheet size since September 2008 has almost doubled because of new or expanded a series of new tools for credit for commercial banking system to provide some financial support 750,000,000,000 U.S. dollars. Since the U.S. Treasury Department by the end of August has been lending 876,000,000,000 U.S. dollars. Under normal circumstances, the Ministry of Finance to keep its current account balance in the commercial banks to set up special bank accounts - tax and loan accounts (TTL) to minimize the pressure. Ministry of Finance to be surplus to support its expenditure, reduce the external debt. But in the current financial environment, the U.S. Treasury Department does not exist overnight lending difficult, but again the deficit is inevitable. Third, the United States have not thought about it, failure to save the program and how to solve the crisis? Pass? Ministry of Finance to maximize the use of short-term debt financing instruments, the money will be deposited into the Federal Reserve and commercial banks, in fact, help commercial banks to borrow their own can not borrow the money. Ministry of Finance account at the Federal Reserve more than ordinary capital reserves of the central bank is a way to support the calm and collected. In the commercial bank loans and taxes account for more than ordinary capital reserves, the banking system is a kind of silent support. However, such a large-scale borrowing trouble is that the U.S. Treasury Department is close to its statutory liability limit. The current legal limit is 11,315,000,000,000 U.S. dollars. The U.S. Department of the Treasury of the existing outstanding debt 10,457,000,000,000 U.S. dollars, leaving only the amount 858,000,000,000 U.S. dollars. 700,000,000,000 U.S. dollars of which will be used to issue relief plan assets (TARP), it seems only the Ministry of Finance District 158,000,000,000 U.S. dollars of the loan amount. Otherwise, to be adopted by the Congress to continue to raise the amount. The U.S. government in November's general election is likely to re-convene a special session of Congress, the approval of the Ministry of Finance to raise the statutory borrowing limit, as a larger part of financial reform measures to help home buyers and corporate borrowers to escape rising The wave of bankruptcy. Even so, market conditions do not improve, the next step how to do? Global to buy U.S. bonds to boost the dollar, the problem is with the high deficits continue to increase, the dollar devaluation, not to safeguard the interests of the creditor countries, the United States in order to market and the credibility of the borrowing, the sovereignty of the Fund for money to buy high-dollar, Deficit hurt the dollar in a vicious circle, it seems that the key to unlock the link is some people have to foot the bill for the crisis, in other words, need to pass the crisis, those who are unlucky? The yen rose as a result of the stock market decline, continue to play the role of the anti-risk, high interest rates bottomed out after the currency started to strengthen the trend and the U.S. by the end of the Fund to support the needs of the rebound will not last, the United States in the third quarter GDP is expected to drop below the proof of the U.S. economy The worst recession in sight. Global stock markets rose and the U.S. Federal Reserve (FED, the U.S. Federal Reserve) to cut interest rates Wednesday against the U.S. dollar in the near future will help ease the buying today is the focus of market speculation that the Bank of Japan will cut interest rates in a yard, so increasing the yen sell-off However, this sentiment will not last long because the yen's recent strength has always been and nothing to do with interest rates. U.S. dollar against the euro and other currencies rise in interest rates by fund manager at the end of demand-driven, short-term effect of this is, at present the whole, the dollar largely reflects the trend of the stock market, the dollar and the stock market by risk-averse and will to bear the risk of fluctuations in the lead. Bank of Japan will decide whether to cut interest rates is the Japanese yen in the face additional risks, the U.S. dollar against the yen from 91 yen below the continuation of the 13-year low of the rebound trend, if after the rate cut should be increased speculative buying of the yen Opportunities. The euro against the dollar, down from 1.3300 high, much higher than this week in the electronic trading platform (EBS) touched 1.2329 U.S. dollars, means that the medium-term rebound in the market structure, the end is approaching, the global fund managers are expected to be bought a large amount of U.S. dollars And in order to hedge the U.S. dollar could lead to demand for callbacks the euro, but should rebound to restore the course. Released by the U.S. in the third quarter gross domestic product (GDP) shrinking less than expected, supporting high-yielding currencies such as the popularity of risky assets and pushed up the yen against the dollar, the United States in the third quarter of GDP decline in 2007 is still the best proof of the economic situation The grim, the Federal Reserve to cut interest rates Wednesday by 50 basis points to 1.0 percent in order to further cut interest rates has opened the door to the Federal Reserve Wednesday also approved a number of emerging economies with the central bank currency swap agreement so that they can deal with the U.S. credit crisis, The wishes of the risk of a lasting recovery may not mean that demand for dollars is still intact, but the strength of the U.S. dollar this year came to an end, the fundamentals to consider, in October cut the world's great magnitude, there are likely to cut interest rates over the next few months, the global economy next year Will be a further deterioration, so popular these days to continue next year low-interest currencies, the euro against the dollar may drop to the level of 1.20 U.S. dollars, but this will not occur in the present. The euro is expected to rebound after the fall, waited at the 1.2700 and 1.2580 above the level of support, is expected to continue to challenge 1.3300, and to try to break the resistance 1.3500 and even 1.3800 challenges of the region, so today if the euro's sharp decline to support, it will be bought Opportunity to rebound in the euro's journey is not over yet, most gratifying that the euro would remain at the 1.2500-1.3300 range big shock is the most reasonable and should be below 1.2900 bargain buying opportunity; above 1.2900 should be closed High-sell opportunities.

New motor vehicle insurance cards to speed up agency

With the cap set fee, see a single fee, such as auto insurance departments as well as the implementation of new policies to further strengthen supervision, in the past, vehicle insurance fees depend on the profit intermediaries, business volume and profit growth will face a severe test. The industry is expected to "see a single fee" only after the implementation of the Shanghai one will have to be eliminated and a half intermediaries. Market participants said the "commercial vehicle insurance fees to the maximum 15% (Commercial Vehicle Insurance) +4% (strong cross-risk)," restrictions, the intermediary company in general operating costs for the full premium of about 10%, excluding other expenses , The intermediary company at an average profit margin of about 2%, narrow profit margins will greatly weaken the insurance intermediary companies and telephone sales business in the auto insurance price competitiveness. One broker said that the authorities have been set up around the fee limit of the number of insurance products in direct telephone access to 7 after the break, but also on this basis will be provided for the China Insurance Regulatory Commission, "% 15% +4" Consumers give preferential fees, and the intermediary company has now unable to support the discounted price. The loss of price advantage, the business volume and the simultaneous decline in operating profit makes a lot of intermediary companies directly facing a shortage of funds. "We have felt the vehicle insurance intermediary than many of the deserted, and then he goes on like this agency will certainly have to reshuffle." A broker who told reporters. According to informed sources, Shanghai currently has a large part of the auto insurance intermediary company of regulatory and insurance trade associations out of the fee cap provision expressed dissatisfaction with the information is preparing to hire a lawyer, could "harm the interests of consumers" v. By the prosecution. But so far, related to auto insurance intermediary company did not confirm this positive news. At the same time, regulatory agencies in various localities in the insurance industry and agencies of the survey and mapping special clean-up, will further accelerate the intermediary cards. A few days ago, the province of Shanxi have a serious violation of laws and regulations 1580 and refused to pay the costs of insurance regulatory agencies and industry to be written off in accordance with the law; in July to August period, Shanghai has 64 insurance agents and be eligible for write-off. A senior industry official said, auto insurance is really the New Deal of the insurance premium due to play a strong role in management, but the premiums receivable management should "practice." Regulatory agencies should further strengthen the agency's supervision, the agency increased market access threshold to avoid disorderly competition. As for the competition can rely on to solve problems, such as auto insurance prices, the rate of fees and other issues can allow the market to themselves.

Gold continued to fall hedge function is weakened?

The price of gold from the historical point of view, the role of hedge against price movements play a decisive role. For example, the United States in 2007 at the outbreak of the debt crisis in the world economy is pessimistic about the economic outlook and expected inflation, gold push all the way up, and in March this year, 1,000 dollars, the reason is that gold hedge function . However, since mid-September Lehman Brothers has been declared bankrupt, the world's financial markets in turmoil, the financial system gradually exposed to the risk, affected the prospects for the world economy has fallen into serious pessimistic expectations, gold prices should rise sharply However, the continuing fall of prices of gold have to let the market have questioned the function of the hedge. At this stage in our understanding of the function of the gold hedge "weaken"? First of all, the market liquidity directly determine the short-term price movements. At this stage, all countries in the world financial crisis has begun to infiltrate into the real economy, the real economy of production, supply, sales are subject to varying degrees of impact, the most serious problem is that the market's liquidity crunch problem. As the economy of a large number of the lack of cash flow, capital requirements were in the hands of persons who may be able to start liquidating the assets of cash, various types of commodity markets significantly reduce the flow of funds, from which all the major commodity fund a substantial reduction in commodity futures positions in the trend can be seen , And the gold in the flow of funds shortage has also failed to "survive", which directly determines short-term gold prices fell. On the other hand, due to tightening market liquidity, cash flow increased by the desire of the international monetary --- U.S. demand, the market for more cash to strengthen the dollar preference, which promote the U.S. economy in the United States in a strong Aisheng Rising dollar last week, the index is all in the top of the 80 first-line operation, the gold market for investors, no doubt leading to higher stress, gold prices also fell inevitable. Second, oil and other commodity markets into bear market in the world of inflation for the time being to ease the crisis. As the gold to guard against inflation is an important tool when other commodity prices big market, it will to some extent to reflect the world economic system of the state of inflation, which caused investors to the gold market psychology changes, the rise in gold prices Short-term fluctuations. U.S. sub-debt crisis has been transmitted to the real economy level, demand for the real economy by inhibiting the production of various commodities market has been down the impact of commodity market into a bear market phase is a foregone conclusion. With crude oil, for example, the price of crude oil since mid-July high of decline since the unilateral all the way down, in September, October is the rapid decline last week, easily fall below 65 U.S. dollars / barrel support, and in mid-July high of history Bit compared to the price of crude oil fell by half. It is for all types of commodities market crash, the risk of inflation in the world economy has been temporarily relieved of gold to resist the attraction of inflation dropped its guard against inflation risks function has been difficult to play, the prices become inevitable. This shows that in the meeting against the backdrop of deepening debt crisis, the market's shortage of cash flow directly determines the price of gold fell short of the market, and various types of commodity markets fell sharply in the world economy makes the risk of inflation has been temporarily relieved of gold to guard against inflation risks Function is difficult to play, this is the recent collapse of the root causes of gold. In the short term, the situation is still difficult to be improved gold price movements should not be too optimistic.

Car insurance for two months Chuxian 8 insurance proposal surrender

Car insurance for two months only, Chuxian up to 8 times. Yesterday, the 3-month car Fuzhou Miss Yan received a phone insurance, said insurance companies are willing to refund the remaining 10 months of premiums in the hope of early end of the contractual relationship, but also suggested that she surrender. Miss Yan is on October 13 last year to get a driver's license, in December last year, she bought a used Elantra. Later, she bought an insurance company in 2727 yuan of business insurance. Miss Yan, who lives in her Wuyi oasis in a layer of overhead parking spaces. Parking spaces because of the slope a little channel, channel or a right turn, both sides have a pipeline into the water, often there are other owners pulled up next to the parking. Poor driving skills of her inattentive, or hit the front of the tube into the water, or rub the door of someone else's car, "Chuxian eight, five of which are planted in a parking space on its own." Miss Yan said, "I feel wronged," these are small incidents scratch each time payment of the amount of insurance is not high, "there is no reason why insurance companies to terminate the contract unilaterally." Subsequently, the reporter contacted the insurance company. The company Guojing Li said the Department of Personnel Administration, Miss Yan recommends that they do surrender. He said that she did too much of the Chuxian, Chuxian 8 months, paid a total of 4870 yuan, almost hit the company's record, although she is not that malicious insurance, but at least she's driving related technology, however. "There are a lot of new, insured that all the insurance companies will bear the risk of accidents, the relaxed vigilance." Guojing Li said that virtually created a community safety risk, the surrender of the proposal is actually sounded for her The alarm and urge her to improve driving skills. At the same time, reporters from several major insurance companies in Fuzhou that, at present, to surrender proposal on the grounds Chuxian too often the case, and Fuzhou, the insurance company has also established between the information-sharing platform, has been proposed for the surrender of users They will be particularly sensitive. Some people think, according to the "Contract Law", the two sides since the signing of the contract, the contract does not expire, insurance companies can not unilaterally cancel the contract requirements. In response, the Department of Finance, Xiamen University specializing in insurance studies teacher, said Xu, insurance companies, it is legal. According to the "Insurance Law" stipulates that the subject of the insurance part of the losses occurred in the days following the compensation insurers, policyholders may terminate the contract; In addition to the contract shall not terminate the contract, the insurer can terminate the contract. Insurer to terminate the contract should be notified in advance on the 15th policyholders and insurance losses were not the subject of some of the insurance, liability insurance deduction from the start date until the date of termination of the contract only during the part of the accounts receivable, insurance refund People. She explained that due to the existence of the special nature of the insurance industry itself, in the light of its contract to the "Insurance Law", but not all of the insurance contract can be unilaterally terminated, for example, life insurance and cargo insurance, and so on, but auto insurance is a special case.

China People's Insurance denied from the "Department of Wen-hua" To sell non-core assets

China has just entered the Trustee of the Chinese People's Insurance Corporation (hereinafter referred to as "Chinese People's Insurance"), has recently spread from the "Department of Wen-hua" from the news. China People's Insurance related to a person in charge denied that the next step would be, "Wen-hua Department of" integration and disposal of assets. It is reported that a few days ago, the Chinese People's Insurance has been completed and China's Wen holding assets, plans to dispose of the assets for cash to get out. For this, these people are denied security, said China from the China People's Insurance can not be heard. However, it pointed out that the Chinese people for their security will be China's Wen to carry out the necessary integration of assets. "China holding its own smell, the more the level of investment overstretched, too scattered in the field of investment, after all, our limited manpower and energy." Last year, the China People's Insurance, through its subsidiary, China People's Insurance Investment Holdings Limited (hereinafter referred to as "human capital investment"), to participate in restructuring of China and China Wen Investment Holdings Limited ( "Wen Hua Holdings"), and in June this year 862,000,000 yuan to its 55% stake in its controlling shareholder. Wen entered China Holdings, means that the Chinese People's Insurance of China to have heard its trust 2 (China and Thailand and the country yuan Trust Trust), a brokerage (joint stock), a fund company (Dacheng Fund), 3 Home Futures (Futures Wen-hua, Maike Futures, futures Ricky), and so on more than one financial license. Wen-hua in addition to holding the securities, funds, trusts, futures and so on the layout of the financial sector, but also have a large number of real estate and media assets. Wen Hua Holdings, a subsidiary of New Huangpu (600,638, it shares) (600638.SH) is listed on the Shanghai real estate business early, holding a number of real estate companies. The Wen-hua, another subsidiary of the media (000,793, it shares) (000793.SZ) will be transformed into the media business, Deputy Securities Times, China Daily, reported that a new culture, and Chinese Chongqing Morning Times and other media advertising, distribution And the printing business. People's Insurance of these people said, "We will take into account the sale has nothing to do with the insurance industry's main assets, the main reservations we can bring value-added business modules." Wu Yan took over the Chinese People's Insurance, an integrated operation to speed up the pace. This month, the Chinese were allowed to enter the security in the Trustee indirectly in the hands of their countries of the securities, futures and sincere in Harvest, and other financial assets of the three. How will a variety of financial resources for effective integration strategy to play a synergistic effect, become the top priority of the Chinese People's Insurance, but also a test of the ability to integrate its resources and management capabilities. According to informed sources, Wu Yan-house in a recent speech, he stressed that restructuring, "Wen-hua" the China People's Insurance is an important task. In addition, according to the People's Insurance investment this year's work, but also do a good job in this year's second project in conjunction wide reorganization. Wen-hua as the controlling shareholder of the People's Insurance investment, although the People's Insurance Group has been given to the operation of the capital, direct investment and the existence of the three major asset management platform for the mission, but only to set up more than a year, from managing the complex relationship between Wen-hua, not without difficulty . According to one insider, the lack of adequate human capital investment in manpower to manage the assets of Wen-hua. It is understood that the company's headquarters staff in the provision of only 30 or so. The Chinese People's Insurance, in addition to the integration of existing resources, continue to explore new areas of work is heavy. According to the People's Insurance Working Group meeting to disclose the information, this year's People's Insurance Group will actively carry out the strategic capital to operate through the reorganization, acquisitions, etc. involved in banking, insurance funds and other non-financial sector, to achieve a consolidated operating breakthrough to the rapid growth of asset size And the development of new profit growth point. It is understood that the Chinese People's Insurance is working with the city, including commercial banks, rural commercial banks (credit cooperatives), securities companies and leasing companies, such as contact potential investors in order to explore possible investment opportunities and cooperation models.

Car insurance tips to save money

In the face of complex projects, many vehicle owners because auto insurance is not clear on what should be a new car insurance? How renewal is more appropriate and more cost-effective? AA Vehicle Insurance reminded insurance is a matter of fact, many "pay attention". "Renewal" can not be delayed Pay attention to the major car auto insurance each year due date, or in the vehicle when it expired insurance Chuxian, the vehicle that there will be no security, the loss can only carry their own. In addition, the owners get insurance, we must look very carefully to the insurance protection from the date of the expiration of renewal in a timely manner to avoid laying claim to the hidden dangers. The selection of appropriate renewal program UNITA to remind car: If your car has "entered the retirement age," then appears to be too much insurance coverage is not worthwhile, but as strong insurance and pay a third party liability insurance or renewal of the need to avoid an accident; if the owners driving Good technology, also pay attention to maintenance of peace and security, you can choose the relative fundamental renewal of insurance: insurance strong cross-Ju Sunxian + + + third-party liability insurance, and other non-deductible insurance; If you are not a perfect technology, Traffic in the process of small incidents occurred from time to time, under the condition of different parking and law and order situation can be targeted to select additional security risk. The number of claims related to the margin of preference According to the China Insurance Regulatory Commission, the number of Chuxian more than the amount paid or high-owners, their premiums will be raised to varying degrees. Under normal circumstances, the vehicle did not Chuxian year, the second year of renewal when you can enjoy a 10% premium discount, if not years in a row Chuxian record, the maximum discount to 30%.

Car insurance should pay attention to what issues

I will not repeat the insured Some self-insured for more than a few think Paul can make several more vehicles insured damages. In accordance with the "insurance law," the 40th article stipulates: "The repetition of the vehicle insurance the insurer of the amount of compensation may not exceed the sum of the value of insurance." As a result, even if the insurance policyholders repetition will not be super-value compensation. Second, do not over-insured or not insured in full Some owners of vehicles worth 100,000 yuan obviously, but it insured for 15 million insurance that will be able to spend more and more compensation. The value of the car and some 200,000 yuan, 100,000 yuan of insurance. The two can not be effectively insure protection. Based on the "Insurance Law," the 39th article stipulates: "The amount of insurance shall not exceed the value of insurance, more than the value of the insurance, more than some of the void. Insurance payments that are lower than the value of the insurance, in addition to another contract agreement, the insurer in accordance with the amount of insurance and insurance The proportion of the value of the liability. "Therefore, over-insured, the insurance can not be qualified to obtain additional benefits. Third, to preserve insurance Some car owners in order to save premium, like several small security risk, or just Che Sunxian security, but not a third party liability insurance, or only the main security risk, no additional security risk, and so on. In fact, all have their own insurance liability insurance, if the vehicle is really an accident, insurance companies can only be made based on the original insurance contracts to assume the responsibility to give compensation insurance, and the owners of the other losses may not get compensation. Fourth, timely renewal Some car owners in the insurance contract after the expiry of the renewal can not be in a timely manner, but there are days of the ominous clouds, in case of vehicles in the past few days, an accident, not Huizhiwanyi. Five, it is necessary to carefully review insurance documents When you receive insurance documents, must be carefully checked to see whether the joint document adopted in the third white Carbonless Paper and Printing printed on light brown Shading security, which is the upper left corner of India, "the China Insurance Regulatory Commission produced" Words, whether printed in the upper right corner "in limited × × provinces (autonomous regions) sales," the words, in the absence of refuse signing. Sixth, pay attention to examine the authenticity of agents When the insured to select approved by the state-owned insurance companies insured institutions, and not only be easy to find an insurance agency, insurance, but can not be the so-called "high return" to lure just for the sake of small profits but on leave when the agent. Seven, check policy End procedures for insurance policies to get the original, in a timely manner to check the insurance policy is set out in items, such as the license plate number, engine number and so on, if errors and omissions, it is necessary to put an immediate correction. Eight, to carry insurance card Suijuxiedai insurance card should be the event of an accident, it is necessary to immediately notify insurance companies and traffic management report. Nine, ahead of renewal Remember the deadline for insurance in advance for renewal. 10, Mo attention of the Health, "P & I cheated," trick There are a handful of people, with a total insurance would like to make a fortune as a shortcut, if the first after the Chuxian insurance, and some create Chuxian accident, and some forged, altered, added repair and medical invoices and proof that these are deceiving P & I's scope is in conflict with the law. Therefore all owners on these issues, not manipulation "smart."