What is the difference between the third-party vehicle and the insured vehicle?
2 Answers
The difference between the third-party vehicle and the insured vehicle is: 1. Insured vehicle: refers to the vehicle party covered by insurance, such as the insured vehicle (the vehicle covered by the insurance company), insured personal injury (the driver and passengers in the insured vehicle). 2. Third-party vehicle: other non-insured parties are referred to as third parties, such as the other party's vehicle being called a third-party vehicle, and third-party personal injury. Additional information: 1. Significance of the insurance subject: determines the type of insurance business, assesses whether the policyholder has an insurable interest in it, determines the insurance amount based on the actual value or condition of the insurance subject, sets the insurance premium rate according to the risk level of the insurance subject, calculates the compensation amount based on the loss degree of the insurance subject, and determines the jurisdiction of litigation based on the location of the insurance subject, etc. 2. Object of the insurance subject: refers to the object to be protected by the insurance, such as the insurance subject in property insurance being various properties themselves or related interests or liabilities, and the insurance subject in life insurance being a person's body and life, etc.
Speaking from my years of driving experience, the difference between a third-party vehicle and the insured vehicle mainly manifests in accident handling. My own car is the insured vehicle—for example, after purchasing insurance, it becomes the object covered by the policy. On the other hand, a third-party vehicle refers to another vehicle involved in the accident, such as when someone hits me—their car would be the third-party vehicle. When it comes to repairs, for the insured vehicle, I have to take it to a 4S shop myself, and the insurance company handles the claim. For the third-party vehicle, the other party or their insurer is responsible. I remember the last accident—repairs for the insured vehicle were slow because we had to wait for the assessment report, while the third-party vehicle affected liability determination. In daily driving, the insured vehicle relates to insurance renewal pricing, whereas the third-party vehicle involves compensation amounts. Overall, this distinction helps me understand who should bear responsibility. For safety, it’s important to maintain the insured vehicle regularly to avoid accidents.
