What does the insurance company mean by property damage?

Legal analysis: the right of substantive subrogation, also known as the right of subrogation of ownership, refers to the total loss or constructive total loss of the subject matter insured caused by the insurance accident. After paying the insurance compensation in full, the insurer has the ownership of the subject matter insured, that is, the rights and obligations of subrogation to obtain the damaged subject matter insured.

Legal basis: Article 3 of the Regulations on Compulsory Liability Insurance for Motor Vehicle Traffic Accidents The compulsory liability insurance for motor vehicle traffic accidents mentioned in these Regulations refers to the compulsory liability insurance in which the insurance company compensates the victims other than the insured and the insured vehicle passengers for personal injury and property loss within the limit of liability.

Article 76 of the Road Traffic Safety Law of the People's Republic of China * * * If a motor vehicle accident causes personal injury or property loss, the insurance company shall make compensation within the liability limit of compulsory motor vehicle third party liability insurance; The insufficient part shall be liable for compensation in accordance with the following provisions: (1) In case of a traffic accident between motor vehicles, the party at fault shall be liable for compensation; If both parties are at fault, they shall share the responsibility according to their respective fault proportions.

(two) motor vehicles and non-motor vehicle drivers and pedestrians have traffic accidents, and the non-motor vehicle drivers and pedestrians are not at fault, and the motor vehicle party shall be liable for compensation; If there is evidence that non-motor vehicle drivers and pedestrians are at fault, the liability for compensation of the motor vehicle party shall be appropriately reduced according to the degree of fault; If the motor vehicle party is not at fault, it shall be liable for compensation not exceeding 10%.

The loss of traffic accidents is caused by non-motor vehicle drivers and pedestrians deliberately colliding with motor vehicles, and the motor vehicle party is not liable for compensation.