Automotive vehicle insurance, that is, motor vehicle insurance, referred to as auto insurance, refers to motor vehicles as a result of natural disasters or accidents resulting from personal injury or property damage liability insurance as a commercial.
Refers to motor vehicles are motor vehicles, trams, battery cars, motorcycles, tractors, all kinds of special machinery vehicles, special vehicles.
Automobile insurance is a kind of property insurance in the field of property insurance, automobile insurance is a relatively young insurance, which is due to motor vehicle insurance are accompanied by the emergence and popularization of motor vehicles and the emergence and development. At the same time, and the modern motor vehicle insurance are different in the early stages of automobile insurance based on car-based third-party liability insurance risk, and gradually extended to the body, such as the risk of collision damage
Early 20th century, automobile insurance industry in Europe and the United States has been developing rapidly. In 1903, the United Kingdom created a "universal car insurance", and gradually developed into the professionalization of a large automobile insurance companies. ?
In 1906, was founded in 1901 the Auto Union has also set up its own "Auto Union Insurance Companies." ?
To 1913, auto insurance has been expanded to more than 20 countries, automobile insurance rates and underwriting methods are standardized basic. ?
1927 history of the development of motor vehicle insurance are an important milestone. The United States, Massachusetts, developed the world-famous compulsory Motor Vehicles (Liability) Insurance Law promulgation and implementation, indicating that the motor vehicle third party liability insurance to start from voluntary insurance to the statutory compulsory insurance mode. Since then, the statutory motor vehicle third party liability insurance will soon spread to all over the world. Third party liability insurance for a wide range of statutory implementation, greatly promoted the popularity of motor vehicle insurance and development. theft insurance, cargo insurance and other services have also developed
