As a type of special vehicle, construction vehicles are required to be insured with compulsory traffic insurance in my country's insurance system, and commercial insurance can be selected according to actual needs. The following is a specific analysis:
1. Compulsory insurance requirements Compulsory traffic insurance
According to Article 1213 of the Civil Code of the People's Republic of China, all motor vehicles (including construction vehicles) must be insured with compulsory traffic insurance. When a special vehicle causes an accident during operation and injures a third party, the compulsory traffic insurance underwriting company must compensate within the liability limit, including death and disability (limit of 180,000 yuan), medical expenses (18,000 yuan) and property losses (2,000 yuan).
Special applicability
Although the main function of construction vehicles is operation, the law clearly defines their insurance obligations. Insurance companies have assessed their special risks (such as the high risk of construction scenes) when underwriting, and shall not refuse to pay on the grounds of "off-road driving".
2. Recommended commercial insurance types
Third-party liability insurance
Construction vehicles are large in size and have many blind spots, which can easily cause serious third-party damage. It is recommended to purchase a higher insurance amount (such as more than 1 million yuan) to transfer risks.
Vehicle damage insurance
Construction vehicles are easily damaged during operation. Vehicle damage insurance can cover the vehicle repair costs caused by accidents. For example, when an excavator collides with an obstacle during construction.
Construction machinery special insurance
Unlike ordinary car insurance, this type of insurance is designed for construction characteristics and may include special liabilities such as equipment overturning and construction site accidents, but it should be noted that its premium is usually higher than ordinary car insurance.
3. Insurance status and challenges
Market status: Although the number of construction vehicles has grown rapidly (accounting for 31% of the global market), due to their high-risk characteristics, some insurance companies have a low willingness to underwrite, and some regions have difficulty in insuring.
Risk control: The frequent occurrence of accidents involving construction vehicles is related to insufficient insurance coverage. It is recommended to improve protection through a combination of "compulsory traffic insurance + commercial insurance" (such as supplementary construction liability insurance).
IV. Notes
Rate differences: The compulsory traffic insurance rates for engineering vehicles refer to the standards for special vehicles and may be higher than those for household vehicles.
Deductible clause: Spontaneous combustion insurance, scratch insurance, etc. are less practical for engineering vehicles and can be exempted from insurance to save costs.
