The Chief Govt introduced a “Quota-free scheme for Hong Kong personal automobiles touring to Guangdong by way of the Hong Kong Zhuhai Macao Bridge (HZMB)” final week within the coverage deal with 2020. This scheme will probably be out there to the general public as quickly because the Tuen Mun – Chek Lap Kok Tunnel opens for enterprise. Certified Hong Kong personal automobiles can drive to Guangdong quota-free by way of the HZMB. Immediately at INO, we’ll check out this scheme and the cross-boundary automotive insurance coverage necessities.
Hong Kong automobiles have to make a reservation for quota-free touring
Linking Tuen Mun South to the HKZMB is the Tuen Mun – Chek Lap Kok Tunnel, which is able to formally open on December twenty seventh. You possibly can see that the federal government is rolling out a “Hong Kong Automobiles Heading North” border-crossing plan. Permitting Hong Kong personal automobiles with no China-Hong Kong license to drive to Guangdong province by way of the bridge is their preliminary thought. You possibly can keep for not more than 30 days per journey, and not more than 180 days per 12 months.
Proper now, personal automobiles in Hong Kong heading into the Mainland should get hold of an everyday quota. Nevertheless, this new scheme differs in that there is not a set restrict on quotas. To journey to Guangdong, Hong Kong drivers solely want to use and register, maintain a China license plate, and China-Hong Kong automotive insurance coverage. This makes short-term enterprise journeys, visiting or touring straightforward. The Minister of the Transport and Housing Bureau (THB) is now engaged on streamlining this course of. Ideally, Hong Kong automobiles would solely want electrical license plates when heading up north, as an alternative of getting to swap to a China license plate.
To additional simplify the applying course of, the THB can also be contemplating making on-line registration attainable. Nevertheless, there are at present no plans for the reverse: personal automobiles from China going into Hong Kong.
When the HZMB first opened, the federal government talked about this plan of “Hong Kong Automobiles Heading North”. Because the Tsing Ma Bridge is the one hyperlink between the town of Hong Kong and Chek Lap Kok airport, there’s fixed heavy site visitors. So, they will solely implement this plan when a brand new street opens. With the opening of the Tuen Mun – Chek Lap Kok Tunnel, the Lantau Hyperlink and Tsing Ma Bridge will even be exempted from tolls.
Launched within the early days, the “Common Quota for Hong Kong Non-public Vehicles to Macao (Entry to Metropolis Middle)” program requires sophisticated procedures. Consequently, it is a explanation for inconvenience for a lot of drivers. It is predicted that the “Hong Kong Motors Heading North” plan will convey in additional site visitors for the HZMB.
Cross borders automotive insurance coverage necessities
The HZMB crosses Hong Kong, Macao, and the coastal areas within the Mainland. In different phrases, all drivers should undergo the respective customs on completely different sections of the bridge. Drivers like your self should purchase insurance coverage for 2 and even three jurisdictions in keeping with the regulation.
Making a two-way journey between Hong Kong and the Mainland? You solely have to buy insurance coverage for Hong Kong and China. In the event you’re making a two-way journey between Hong Kong and Macao, then you definately’ll want to purchase Hong Kong, Macao, and China automotive insurance coverage.
Insurance coverage necessities for all three jurisdictions
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Required Insurance coverage
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Hong Kong
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To China (Zhuhai)
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To Macao
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Minimal authorized protection for third-party insurance coverage
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Minimal authorized protection for third-party insurance coverage
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Hong Kong’s third-party motor insurance coverage
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HKD $100 million
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China’s obligatory site visitors accident legal responsibility insurance coverage for motor automobiles
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RMB ¥200,000 (Protection with legal responsibility)
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RMB ¥19,900 (Protection with out legal responsibility)
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Macao’s third-party legal responsibility insurance coverage
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MOP $1.5 million (relying on the car sort)
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Shopping for a number of automotive insurances by yourself could be time-consuming. Fortuitously, the newly out there HZMB insurance coverage at INO is a way more handy possibility. Automotive house owners should buy China’s obligatory site visitors accident legal responsibility insurance coverage for motor automobiles in Hong Kong. With a single cellphone name, you’ll be able to simply fulfill insurance coverage necessities for all three jurisdictions. INO has over 20 years of expertise within the insurance coverage trade. What’s extra, we’re the main automotive dealer in Hong Kong. Our staff of knowledgeable insurance coverage advisors are blissful that can assist you examine plans to seek out ones that finest stability your price range together with your wants.
Contact us on your insurance coverage options.
Apart from HZMB insurance coverage, INO additionally gives automotive insurance coverage (third-party and complete), home helper insurance coverage, motorbike insurance coverage, Voluntary Well being Insurance coverage Scheme (VHIS) and plenty of extra. Get a free quote now with our on-line citation system! Need to chat with us? Contact our staff of knowledgeable insurance coverage advisors at the moment for neutral, tailor-made recommendation!
