Can I Claim Compensation for My Car If I'm Fully at Fault in a Rear-End Collision?
1 Answers
You must have purchased compulsory traffic insurance (CTI) and third-party liability insurance. The first two types of insurance cover the other party's losses, while vehicle damage insurance compensates for your own vehicle's losses. If you are fully at fault in an accident, compensation will first be made through CTI. As long as you are at fault (partial fault, equal fault, primary fault, or full fault), the compensation amount under compulsory third-party insurance is the same because it only distinguishes between being at fault or not. Below are relevant details: 1. Compulsory Third-Party Insurance: The compensation limits for compulsory third-party insurance when at fault are 110,000 yuan for death and disability, 10,000 yuan for medical expenses, and 2,000 yuan for property damage. Compensation is paid within the CTI coverage limit, and any amount exceeding this limit is covered by third-party liability insurance. Commercial third-party insurance is a type of insurance where the insurer assumes responsibility for third-party losses. 2. Third-Party Explanation: A third-party refers to victims other than the policyholder, the insured, or the insurer who suffer losses due to an accident involving the insured vehicle. If the claim exceeds the third-party liability insurance coverage, the vehicle owner must bear the additional costs.
