How to Handle Insurance When a Car is Scrapped?

[EmmettRose]

For insurance claims on scrapped vehicles due to accidents, the compensation amount is calculated according to the legally prescribed loss rate. The procedures for handling insurance when a car is scrapped are as follows: 1. Registration: Register with the traffic management department of the public security authority. (1) The vehicle owner must present their ID card (if the vehicle is owned by a company, the organization code certificate and the agent's ID card are required), the vehicle registration certificate, the vehicle license, and the license plate to the business department of the vehicle dismantling factory to fill out the "Application Form for Vehicle Suspension, Resumption/Cancellation of Registration." (2) Apply at the registration acceptance counter. For vehicles that have reached the scrapping age, a "Vehicle Scrapping Notice" will be issued. For vehicles that have not reached the scrapping age but need to be scrapped due to traffic accidents, the vehicle inspection counter will verify and confirm that the vehicle meets the scrapping standards, and then issue a "Vehicle Scrapping Notice." (3) The vehicle owner or agent can choose a qualified vehicle recycling company to dismantle the vehicle by presenting the "Vehicle Scrapping Notice." (4) The vehicle owner or agent must submit the "Change Form," "XX Province Vehicle Renewal Technical Appraisal Form," "Scrapped Vehicle Recycling Certificate," and photos of the dismantled vehicle for approval according to regulations and complete the vehicle scrapping registration. 2. Claim: Submit materials to the insurance company where the vehicle is insured. (1) Required materials include: insurance policy, vehicle license, driver's license, the insured's ID card (if the vehicle is owned by a company, the organization code certificate and the agent's ID card are required), vehicle license plate, accident vehicle certification materials, and the vehicle scrapping notice. (2) Present the above materials to the insurance company to apply for the vehicle scrapping insurance claim.