What does PICC new car insurance endorsement mean?
3 Answers
PICC new car insurance endorsement refers to the policyholder making amendments to their newly purchased car insurance policy contract due to various reasons. Below is relevant information about vehicle insurance: 1. 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, it 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. 2. Claims: (1) Carry clear copies of the vehicle's "Three Certificates and One Policy" (insurance policy), the owner's ID card, driver's license, vehicle registration certificate, and the main insurance policy. It is important to note that many insurance companies no longer accept insurance cards as proof for claims. (2) Reporting an accident promptly is crucial, especially for major incidents. When calling the insurance company's claim hotline, you will need to provide basic information such as the policy number, time and location of the incident, and the nature of the accident.
As a new car owner, I understand that insurance policy endorsement for a new car refers to the process of adjusting the details of the insurance contract after purchase, such as when I sell the car to someone else or move to a new home, requiring me to contact PICC to modify the policy. It's not just about changing a name; it's about ensuring the insurance remains valid. I once neglected to update the vehicle transfer information in time, and when a minor accident occurred, the claim was denied, causing a mess. So now, I've developed the habit of applying for policy endorsement immediately through their app or phone whenever there's a change in vehicle information. The process is actually quite simple—just provide some identity and vehicle proof. Additionally, endorsements also affect premium calculations, such as adding glass coverage or reducing mileage limits, which must be adjusted accordingly to avoid future troubles. In short, new car insurance endorsement is a crucial step in protecting your rights, so don't slack off and delay it.
Hey, as a car owner from the post-90s generation, let me talk about this topic. New car insurance endorsement, simply put, means making changes to your insurance policy after signing it, such as updating your address or transferring the car to a friend to drive, which requires notifying PICC to update the contract details. The process is a bit like a software upgrade—pretty routine. Last time I moved cities for work, I updated my insurance address online by filling out a form, and it only took a few minutes. If you're too lazy to make the changes, your insurance might be invalid when an accident happens, and you could face issues with claims. By the way, there are many types of endorsements. For example, if you don’t update the policy after transferring the car, the previous owner will still be responsible if the new owner gets into an accident—pretty annoying. So, after buying a new car, remember to regularly check and update your insurance to avoid problems. Online services make it super convenient—no need to visit a counter. Don’t forget to review the details of the updated policy to ensure all information matches.
