Whatever Car Brand You Protect With Car Insurance
You can search and apply for car insurance through the financial product marketplace, autoaccessori.info will review car insurance in this article.
What is Car Insurance?
Car insurance is a protection service provided by the insurance company for the car you own. Car insurance provides protection for private cars or for business use from a variety of risks such as accidents, natural disasters, fire, damage, to riots.
Why do you have to have car insurance?
WHO noted, traffic accidents became the third biggest killer in Indonesia, after coronary heart disease and tuberculosis. Human negligence is a major factor in accidents. It is also understandable, this factor not only comes from us but also other people. On the streets, the negligence of others can be bad for us. Even if someone has been driving in an orderly manner, he could have been a victim because of reckless drivers.
The risk of injury and death can be reduced by increasing safety, but the risk of a vehicle being damaged is often unavoidable both minor and severe damage. This is what makes our vehicles, in this case, cars, need to be insured. What’s more, it costs quite a lot even though the damage is only in the form of blisters on the car.
Accidents are not the only reason. Robes and theft of vehicles are increasingly increasing everywhere. Not only in big cities, but small and quiet places are also very often the target of crime.
The risk of losing a vehicle continues to increase. Therefore, it is very logical if someone decides to insure his car. So in addition to car insurance, you also need to consider having travel insurance, health insurance, and other insurance products that can support your safety while driving.
Like an online loan application, you can apply for travel insurance products through the application directly through the website.
What are the benefits of having car insurance?
If you have applied for a new car loan or used car loan, here are some benefits why you are important to have the best car insurance:
Maximum vehicle protection: By having car insurance, you will get protection facilities both in terms of maintenance or accident.
Compensation for damages: If your vehicle is damaged, lost, or stolen, the insurance company will provide a substantial amount of compensation in accordance with the amount of premium payment on your policy so that the losses suffered can be minimized.
Maintenance investment: Amid competitive car insurance rates, owning vehicle insurance will make your vehicle more manicured from minor damages. If resale will increase the price because your car is better maintained and has insurance.
Are All Risks Already Protected with All Risk Car Insurance?
The amount of insurance premium described above is called the pure premium. There are some risks that are not protected by all risk car insurance, and you can decide to expand your car insurance coverage. Expansion of this coverage covers things that might happen to the car which among others are caused by:
Earthquake / Tsunami
Sabotage / Terrorism
What Types of Car Insurance Are Available?
Know and understand the types of car insurance offered by insurance companies so that you can choose the right and make the most of it according to the existing protection. Whatever Car Brand You Protect With Car Insurance.
At present, there are two types of car insurance offered:
All Risk Car Insurance:
All risk can be interpreted as ‘all risks’. This insurance is also called comprehensive or whole. This means that insurance will pay claims for all types of damage, ranging from minor damage, severe damage, to loss. Unlike the TLO, just a slight blister on the car, insurance will pay insurance claims. It’s just that all-risk car insurance financing is more expensive than TLO.
TLO Car Insurance (Total Loss Only):
Literally Total Loss Only (TLO) means “only (if) total loss”. This means the insurance claim can only be filed if there is a ‘total loss’. In-car insurance, what is meant by total loss is damage that occurs above 75% or loss of theft or robbery. If the damage is less than that, you will not get compensation for damage. The 75% benchmark is taken because the car certainly can not be used anymore. The advantage, TLO insurance premiums are lower than all risk car insurance.
Of the two types of insurance, the cost of all risk insurance is far higher than TLO, especially if you want to add to the expansion of protection. If the price of a car that you have is fairly high so it takes no small cost even slightly damaged, you should choose all the risks.
This type of insurance is also suitable for car rental business or car courses because the risk of being slightly damaged is fairly high.
The frequency of use of the car affects the type of insurance to be taken. The more often used, the greater the possibility of an accident. Moreover, if the route that is often used is solid lines. Again, all risk becomes a choice.
Conversely, if the car is more often parked at home than invited out, it’s better to choose TLO. Accidents are not the only determining factor. The level of crime also needs to be examined. Crime in certain areas is fairly high. If you live or often pass by in an area like this, be sure to insure your car with TLO.
So as not to choose the wrong, you can compare the All Risk car insurance and the best TLO car insurance for your vehicle.