What does PICC new car endorsement mean?
2 Answers
PICC new car insurance endorsement refers to the policyholder making amendments to the purchased new car insurance policy contract for various reasons. Below is relevant information about vehicle insurance: Overview: Vehicle insurance, also known as motor vehicle insurance or auto insurance, refers to a type of commercial insurance that covers liability for personal injury or property damage caused by natural disasters or accidents involving motor vehicles. Auto insurance is a category of property insurance, and within the field of property insurance, auto insurance is a relatively young type of coverage, as it emerged and developed alongside the advent and popularization of automobiles. Unlike modern motor vehicle insurance, early auto insurance primarily focused on third-party liability coverage and gradually expanded to include risks such as collision damage to the vehicle body. Claims: Carry clear copies of the motor vehicle's "three certificates and one policy" (vehicle registration certificate, driver's license, vehicle inspection certificate, and insurance policy), the owner's ID card, driver's license, vehicle registration certificate, and insurance policy. It is particularly important to note that many insurance companies no longer accept insurance cards as proof of claim.
When I bought a new car before, I dealt with PICC's new car endorsement, which essentially refers to modifying the insurance policy after purchasing a new car. For example, if you change the license plate number after buying the car or transfer the vehicle to someone else, you need to notify the insurance company to update the information. At PICC, you can easily handle this through the mobile app or by visiting a branch. Last time I updated my license plate, it only took two days. If you don't make the endorsement in time, future claims might be problematic because mismatched insurance information could invalidate your claim. Additionally, endorsements also include reporting vehicle modifications, such as installing a rearview radar, which must be reported. In short, this is a crucial step to ensure the validity of your insurance. Any changes after purchasing a car should be addressed immediately—don’t delay.
