Does the claim record follow the car or the person?
1 Answers
Auto insurance follows the car. Additional information: The main significance and function of auto insurance: The primary significance and role of auto insurance lie in the fact that if a motor vehicle suffers damage due to natural disasters or accidents during use, it is difficult for the vehicle owner to compensate for such losses on their own. If the owner opts to purchase the corresponding auto insurance, these losses will then be covered by the insurance company through claim services, providing timely financial support to the owner. This is the essence of auto insurance. Auto insurance serves as a method of risk transfer, with the insurance company acting as the transferee to share the risks of the policyholder.