How does the insurance company compensate for the scrapping of vehicles in traffic accidents?

Traffic accident vehicle scrapping insurance company compensation is as follows:

1. If it fails to meet the vehicle scrapping standard, it shall make compensation according to the terms of the contract, and the compensation amount shall be used for vehicle maintenance;

2. If the vehicle damage has reached the scrapping standard, that is, the maintenance cost of the vehicle is equal to or higher than the actual value of the vehicle, the insurance company will make claims according to the vehicle scrapping insurance.

What is the scrapping process of vehicles in traffic accidents?

1. The owner of a motor vehicle applying for scrapping and updating shall fill in the Application Form for Examination and Approval of Motor Vehicle Change, Transfer, Modification, Stopping and Scrapping, and affix the owner's seal;

2. Register and review the application, and issue a notice of automobile scrapping for vehicles that have reached the retirement age. For motor vehicles that have not reached the age of scrapping, if they meet the standards of scrapping after inspection, a notice of scrapping automobiles shall be issued;

3, the car host to meet the requirements of the recycling enterprises issued a car scrap notice;

4. The recycling enterprise will disassemble the vehicle after checking the scrap notice, requiring the engine to be separated from the vehicle, the engine cylinder to be broken, the frame to be cut off, the photo to be taken, the scrap car recycling certificate to be issued, and the residual value to be paid;

5. After inspection, verification and signature, the application form of the automobile main engine, the recycling certificate of scrapped automobiles and the photos of vehicle disintegration shall receive the recycling license, submit it for examination and approval according to regulations, and handle the scrapping registration.

Legal basis: Article 179th of the Civil Code of People's Republic of China (PRC).

Anyone who infringes on others and causes personal injury shall pay compensation for medical expenses, nursing expenses, transportation expenses, nutrition expenses, hospital food subsidies and other reasonable expenses for treatment and rehabilitation, as well as the income reduced due to missed work. If it causes disability, it shall also compensate for the cost of assistive devices and disability compensation; If death is caused, funeral expenses and death compensation shall also be paid.