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Beijing devaluation “Hu Peng fast pay” from December 18, 2019 implementation

Bank of Beijing Insurance Regulatory Bureau and the Beijing Traffic Management Bureau after nearly two years of research, innovation launched the accident, “Hu Peng fast pay” mechanism.

From tomorrow (12.18), in Beijing two-car collision accident without casualties when a party full responsibility for one party is responsible, the two sides no longer need to go to a similar a point for damage claims, can choose the time to fully responsible parties insurance company outlets complete loss claims, as fast as three days closed.

introduced the mechanism will help to quickly deal with traffic accidents, reduce accident waiting time the two sides to make more auto insurance claims convenient.

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