Definitions, Benefits and Advantages of Car Insurance

Source image: besttechcars.com

Is this insurance?
When we think about insurance, the first thought is free from financial losses due to unexpected accidents comes from. Because the purpose of insurance is basically to reduce the uncertainty of the possibility of unexpected losses. In general, insurance is defined as an agreement where a person makes a bond with an insured to receive a premium to provide reimbursement to him for a loss, damage, or loss may be experienced due to unexpected events.

What insurance benefits?

Insurance is known in Indonesia include life insurance, general insurance and health insurance. Insurance is insurance that protects the property and its contents such as houses, apartments, cars and others. Car insurance is intended to protect from the threat of unforeseen hazards such as collision, theft of car parts or even the car itself is stolen. By protecting the car with insurance, we are able to drive a car with a sense of calm and safe to travel anywhere.

Types of car insurance

Combined Insurance (Comprehensive) or All Risk
Guarantee losses resulting from large and small accidents or loss of ancillary equipment with imposition / destruction or lost vehicles.
car insurance vehicle

Insurance Losses Total (Total Loss Only / TLO)
Guarantee losses resulting from an accident with damage to 75% of the minimum price of the insured or the vehicle is lost.

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Besides the basic protection such as the above, car insurance also provides insurance expansion law liability to third parties and passengers, riots (Strike, Riot and Civil Commotion), Natural Disasters (Act of God), etc. To find out more about the various terms in the fields of insurance, you can see on page Term Insurance.

Nowadays, it is very easy for you to get a car insurance an attractive and appropriate to the needs of as many insurance companies in Indonesia are competing by offering interesting programs. More and more people showed that awareness to protect the price of their items on the possibility of danger is getting better.

Insurance companies in the country now compete to provide the best service for the community, both in terms of program to claim problems.

How it Works Car Insurance

Here is a mechanism of Car Insurance:

Insurance Policy

Insurance policy is a contract of agreement between the owner of the car with the insurance company which contains the details of dependents, -syarat terms and conditions of the contract and the fee owed to the owner of the car in a period of the guarantee provided.

Insurance premium

Insurance Premium is a predetermined percentage of the car price to be paid if the car owner wants service insurance from the insurance company.

Insurance claim

Insurance Claim is a request from the policyholder to the insurance company hold because of an incident resulting in damage or loss of the car.

Warranty Insurance

Insurance guarantee is an agreement on the part of insurance companies contained in the insurance policy regarding the things they would replace in the event of an incident resulting in damage or loss of the insured car.

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