However, in China, the subject matter of insurance is divided into two categories: property insurance and life insurance.
Property insurance refers to insurance with property and its related interests as the subject matter, including property loss insurance, liability insurance, credit insurance, guarantee insurance and agricultural insurance. It is a kind of compensatory insurance with tangible or intangible property and its related interests as the subject matter of insurance.
Personal insurance is an insurance with human life and body as the subject matter. When people suffer unfortunate accidents or lose their ability to work, become disabled, die or retire in old age due to illness or old age, according to the insurance contract, the insurer pays insurance money or annuity to the insured or beneficiary to solve their financial difficulties caused by illness, disability, old age and death.
Let's talk about auto insurance. The subject matter of auto insurance has nothing to do with people. It's insurance with motor vehicles as the subject matter. Therefore, auto insurance belongs to the subdivision of property insurance.
In fact, auto insurance covers many types of insurance, among which compulsory insurance and Shan Zhi are liability insurance, car damage insurance, burglary insurance, glass and scratches are property loss insurance, and people on board are personal accident insurance. However, because its business accounts for a large proportion in China property insurance companies, it is managed separately.
Non-auto insurance is property insurance other than auto insurance, that is, property insurance that does not target motor vehicles.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.