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China driver crashes on day of purchase, faces hefty bill; insurer refuses payout

A man in eastern China who crashed into a luxury car on the day he bought his own second-hand vehicle is facing a repair bill of more than 100,000 yuan (US$14,000) for both cars. However, his insurer refused to cover the damage, saying the policy was still seven minutes from taking effect. According to Zhejiang Television, a man surnamed Ma from Taizhou in Zhejiang province took out a loan of 115,000 yuan (US$16,000) to buy a second-hand car. On August 4, Ma picked up his car from a showroom and...


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