The higher standard of living of the people of Indonesia, it's no wonder that the demand for car purchases is also increasing. Moreover, the car is a dream vehicle for many people. This makes the car a very valuable vehicle and must be maintained properly. The price is quite expensive, certainly makes everyone not want bad things to happen to the car that we have. Therefore, it is very important to have vehicle insurance on new cars.
Unfortunately not many people know the benefits of new car insurance. This is due to lack of information about the benefits of insurance on new cars that we have. Sometimes insurance is obtained when owning a new car, is insurance offered by insurance companies that have worked with the car company. So that car owners do not understand very well, the benefits and benefits of insurance they have. Not a few who allow car companies or car leasing companies to choose which insurance companies will be in charge of their cars. In fact, it is very important to carefully understand insurance for new cars to be used.
All-Risk Insurance
There are two types of insurance products that can be chosen by new car owners; All-risk or comprehensive insurance and TLO. For this all-risk or comprehensive car insurance, the company will pay claims for all types of damage, apply to minor damage, severe damage to loss in a traffic accident or due to natural disasters and riots. By paying regular premium fees according to the contract stated in the insurance policy, you can already get a protection program for your car.
Generally, insurance premium rates for each insurance company are different. So, before choosing the type of insurance you need, make sure you already know clearly about all the obligations and costs of car insurance that must be done. Sample case; the car was hit by public transportation, minor damage that makes the car less comfortable to look at. In this case, a claim can be made if the insurance is comprehensive insurance.
Lost Only Total Insurance (TLO)
As for Total Loss Only (TLO) insurance, it only guarantees risk due to theft and damage if repair costs are estimated to be equal to or exceeding 75 percent of the vehicle's price just before the loss. Total Loss Only (TLO) insurance was chosen because the premium price is relatively cheaper than the all risk insurance. The insurance company will provide protection and help carry out legal liability for partial damage and total damage to motorized vehicles or insured cars according to the premium value.
Basically, insurance frees you from the extra costs that must be incurred when there is damage to the car. Imagine if you do not have insurance, when the car is damaged, you have to spend personal funds to replace the parts. Car insurance is not only useful for insurance owners and car drivers only. There is also a coverage option that can cover the damage to other motorist's car due to your negligence, so you do not need to panic and dizzy because the damage will be compensated by the insurance.
Also read: Know the Types of Vehicle Insurance for New Cars, All-Risk & Total Lost Only (TLO)
Now, you don't have to think long before you have insurance on a new car. In addition to keeping your assets high in value, you also don't think too much about the additional costs when your car experiences damage when things go wrong. So what are you waiting for? have insurance for your new car.
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February 22, 2020
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Car Insurance
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