How to Compensate the Other Party in Case of Full Liability for a Vehicle Accident?
3 Answers
After a traffic accident occurs, if one party is fully at fault, they should compensate the other party for all losses. When it comes to compensation, the insurance company should first cover the damages within the compulsory traffic insurance liability limit. Any amount exceeding this limit will then be covered by the insurance company within the third-party liability insurance limit. Below is an introduction to full liability in car accidents: 1. Claim: The term 'claim' covers a wide range of scenarios, including single-party accidents, two-party accidents, multi-party accidents, and even situations where a parked car is scratched by someone else. Essentially, any incident where the insurance company pays for vehicle repairs can be referred to as a 'claim.' 2. Reporting the Accident: In the event of a traffic accident, it is necessary to call the 122 accident hotline. The police will determine the liable party, and the party found at fault should then report the incident to their own insurance company. 3. Inspection and Damage Assessment: After receiving the report, the insurance company will inspect the vehicle and assess the damages to determine the compensation amount. If the claimed amount exceeds the insurance coverage limit, the vehicle owner or the at-fault party will need to pay the difference out of pocket.
I've handled this situation several times. The at-fault party should first report to the traffic police to obtain an accident determination certificate, then call the insurance company's claim hotline, and wait for the loss assessor to contact the other party for vehicle damage assessment and repairs. The other party's repair costs and medical expenses will be covered by your compulsory traffic insurance (CTPL), and only the amount exceeding CTPL coverage will use commercial insurance. Remember to use insurance company-approved 4S shops for repairs, and keep all invoices and itemized lists. If someone is injured, it's more complicated - besides medical expenses, you'll also need to cover lost wages and nutrition fees, so make sure to get the hospital's sick leave certificate. If compensation negotiations fail, the other party might request vehicle depreciation compensation, which insurance companies generally don't cover (you'll have to pay out of pocket). It's best to settle everything during mediation at the traffic police station to avoid future troubles.
Full liability compensation actually consists of three parts: vehicle damage, personal injury, and property loss. Vehicle damage is straightforward—the insurance company pays according to the damage assessment report. For personal injury, the focus is on whether the medical bills are reasonable. Property loss requires purchase receipts as proof. Important reminder: Never transfer money privately! The entire process must go through the insurance procedure. Last time, a friend paid for car repairs out of pocket, and the insurance company later refused to reimburse, rendering the receipts useless. During compensation, ensure the other party provides a bank account, with clear transfer notes, and preferably a handwritten receipt for reference. For personal injury cases, the case can only be closed after treatment is completed, and the insurance company requires the original diagnosis certificate and invoices.
