Auto insurer revs up coverage with loan option

Beijing drivers waiting to have their cars repaired after collisions have long faced the frustration of paying to rent a car - or going without a vehicle altogether.

That problem is a thing of the past, thanks to a new insurance coverage option now available in Beijing.

PICC Group's Beijing branch on Tuesday announced it is cooperating with China Auto Rental Ltd, one of the country's leading rental car providers, to offer rental car reimbursement coverage for its clients.