Can I Cancel the Insurance Purchased at a 4S Store for a New Car?
1 Answers
The cancellation ratio is generally around 70%. The policyholder can unilaterally terminate the insurance contract during the cooling-off period, meaning the policyholder can cancel the insurance at any time and terminate the contract. The person eligible to apply for cancellation is the policyholder. If the insured applies for cancellation, they must obtain written consent from the policyholder, who must clearly indicate who will receive the refund. Vehicle Damage Insurance: Used to compensate for losses caused by natural disasters and accidents to the vehicle itself. It is recommended for new drivers to purchase. Third-Party Liability Insurance: Used to compensate for losses caused by the vehicle owner to third parties in terms of personal injury or death. This must be purchased as it provides protection for both yourself and others. No-Deductible Insurance: An additional insurance that transfers the responsibility the policyholder would otherwise bear to the insurance company, reducing the policyholder's loss. If both Vehicle Damage Insurance and Third-Party Liability Insurance are purchased, it is advisable to also purchase No-Deductible Insurance. Theft Insurance: Used to compensate for damages caused by theft, robbery, or forcible seizure of the vehicle. It is recommended for vehicle owners without a garage to purchase. Passenger Liability Insurance: Used to compensate for losses suffered by the driver and passengers in the vehicle due to traffic accidents. Premiums are usually paid per seat. It is recommended for new drivers or family vehicles. Spontaneous Combustion Insurance: Used to compensate for losses caused by the vehicle's own electrical or wiring issues leading to fire. Suitable for older vehicles. Glass Breakage Insurance: Used to compensate for the separate breakage of the windshield or window glass. The cost of replacing glass is very high, so it is recommended for vehicles frequently driven in unsafe areas. Body Scratch Loss Insurance: Used to compensate for losses caused by deliberate, malicious, or accidental scratches during driving.
