What does it mean to give up the stolen vehicle in the lottery?
4 Answers
It means that if a passenger car registered under the name of a unit or individual is stolen or robbed, and the public security authority has filed a case for more than 12 months without recovery, and the stolen or robbed status has been registered in the public security vehicle management system, the applicant can apply for a passenger car indicator within 6 months thereafter. The conditions for the Beijing license plate lottery are as follows: Beijing residents: The applicant must not have a passenger car registered in Beijing under their name, must not have any motor vehicle that should be scrapped but has not been deregistered, and must hold a valid motor vehicle driver's license issued by the traffic management department of the public security authority. Non-Beijing residents: To obtain a Beijing lottery indicator, non-Beijing residents must meet certain restrictions, such as holding a valid "Beijing Work Residence Permit."
Waiving the theft and robbery coverage means choosing not to purchase this additional insurance when buying car insurance. Theft and robbery coverage primarily protects your car in case it is stolen or robbed, allowing the insurance company to compensate you for the loss. From my own experience, after successfully obtaining a license plate and purchasing a car, this is a significant decision. If you don't buy it, you save a bit on premiums, which sounds like a money-saver, but the risk is too high. If your vehicle is valuable or you live in a high-theft area, losing the car means you'll have to pay out of pocket for repairs, and the loss could make you regret it deeply. I recommend that car owners prioritize safety, such as checking if the vehicle's anti-theft system is adequate, and then consider their financial situation. If it's an old car or not often parked outside, waiving it might be barely acceptable. In short, don't skimp on small savings and overlook big risks—safety first.
Dropping the theft and robbery coverage means not insuring against this risk, which is essentially a cost-saving move but also carries a higher risk of greater losses. When I choose car insurance, I first do the math: the premium for theft and robbery coverage typically ranges from a few hundred to over a thousand yuan per year, depending on your car's value and coverage amount. If your car is old and not worth much, or if your parking environment is extremely secure—for example, a monitored garage in a residential complex—then opting out can save you money to add other insurance or cover daily expenses. However, from an economic perspective, if theft or robbery occurs, repair costs start at tens of thousands, which would be a huge loss. I suggest that those who buy a car after winning a license plate lottery assess their personal income and risk tolerance, rather than blindly following others. In short, weigh the investment against the return—if it’s too risky, don’t easily give it up.
Waiving the theft insurance means not selecting this coverage option, which increases vehicle risk. From my years of driving experience, theft insurance is highly practical, especially for new cars or those with alarm systems, as it provides a safety net. In low-risk areas like suburbs, skipping it might be acceptable, but in cities where car theft is more common, it's risky. I've encountered a similar situation where a friend didn't have theft insurance, and their car was stolen from the street, leading to severe consequences. Therefore, after winning the license plate lottery, it's best to first consider parking security and personal habits. Don't skimp on this expense—safe driving is more important.
