Which is more important, commercial insurance or social security?

Paying social security is better than commercial insurance, more secure, mandatory and cost-effective; Although the coverage of commercial insurance may be more and the amount of protection is higher, the price will be higher. However, social insurance and commercial insurance are not antagonistic. Social insurance can be the foundation and commercial insurance can be the supplement.

It is best to buy social security in social security and commercial insurance. Social security is supported by the national government and is more reliable. Commercial insurance needs to be profitable, and the use and payment methods of commercial insurance are not as convenient as social insurance. Therefore, buying social security can provide protection for the parties.

Does the commercial insurance for traffic accident escape pay?

In the case of a hit-and-run traffic accident, commercial insurance does not claim compensation, but the exemption clause of a hit-and-run traffic accident in a commercial insurance contract has no legal effect unless it is specifically prompted or explicitly explained. The insurance company should compensate, that is, compensate for the loss of traffic accidents.

I hope the above content can help you. Please consult a professional lawyer if you have any other questions.

Legal basis: Article 3 of the Social Insurance Law.

The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development. Article 7 The administrative department of social insurance in the State Council is responsible for the management of social insurance throughout the country, and other relevant departments in the State Council are responsible for the relevant social insurance work within their respective functions and duties. The social insurance administrative department of the local people's government at or above the county level shall be responsible for the social insurance management within its administrative area, and other relevant departments of the local people's government at or above the county level shall be responsible for the relevant social insurance work within their respective functions and duties.