Generally speaking, leasing companies have insured the insurance companies against vehicle loss, third party insurance, theft and emergency rescue. At the same time, the leasing company will also stipulate in the car rental agreement the responsibilities that the lessee should bear once the vehicle is in danger. 1. According to the terms and conditions of the insurance company, in the event of an automobile accident, the insurance company shall implement limited compensation, and the lessee shall bear all expenses except the insurance company's compensation. 2. If the lessee leaves the scene of the accident without authorization, which makes it impossible to file with the regulatory authorities and claim compensation from the insurance company, all expenses shall be borne by the lessee. 3. The third party liability insurance insured by the leasing company is limited to drivers allowed by the center. 4. If the whole car is lost, the lessee shall compensate the insurance company for the deductible and 50% of the rental fee during the period from the loss of the car to the compensation of the insurance company. 5. When making a claim, the lessee shall submit the insurance policy, accident certificate, accident mediation statement, loss list and various related expense documents to the insurance company. Fill in the motor vehicle accident report truthfully.
Legal basis:
Article 52 of the Insurance Law of People's Republic of China (PRC) * * * During the validity period of the contract, if the risk of the subject matter insured increases significantly, the insured shall promptly notify the insurer in accordance with the contract, and the insurer may increase the insurance premium or terminate the contract in accordance with the contract. When the insurer terminates the contract, it shall return the insurance premium collected from the beginning of the insurance liability to the date of termination of the contract after deducting the receivable part. If the insured fails to fulfill the notification obligation stipulated in the preceding paragraph and the risk of the subject matter insured increases significantly, the insurer shall not be liable for compensation.
Derivative problem:
Will the insurance company pay for the accident caused by borrowing a car for others?
The owner and user of the motor vehicle are not the same person due to reasons such as leasing or borrowing. And it is the responsibility of a motor vehicle after a traffic accident, the insurance company shall make compensation within the liability limit of motor vehicle compulsory insurance. For the insufficient part, the motor vehicle user shall be liable for compensation; If the owner of a motor vehicle is at fault for the damage, he shall bear the corresponding liability for compensation. If the motor vehicle tort liability is transferred and delivered but not registered, and the parties transfer and deliver the motor vehicle by buying, selling or other means but not registered, and a traffic accident causes damage, the transferee shall be liable for compensation. Therefore, if someone borrows someone else's car and has an accident, the insurance will pay for it.