Before You consider to insurance your car, You must know All Risk Car Insurance and Total Loss Only (TLO)

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  If you are interested to insure your favorite car, you should first learn about the ins and outs of insurance car / motor vehicle. Thus, you can choose which insurance and which type of best protection and suits for your vehicle.

 Generally, there are two types of protection offered by car / motor vehicle insurance.

1. Total Loss Only (TLO) car insurance

 The type of protection offered by the TLO car insurance is protection against loss or severe damage from the vehicle policyholder. The new TLO protection can work if the percentage of vehicle damage reaches 75% or more of the current vehicle market price.

 For example, there was a car involved in the accident until it was overturned. Insurance companies will research and calculate the cost of repairs to make the car back as usual.

2. All risk car insurance / comprehensive

 This type of all risk car insurance provides protection for all risks guaranteed type of insurance TLO. In fact, customers can also claim a risk of damage under 75% such as car paint scratched due other vehicles.

 The benefits will be directly proportional to the premium costs that must be borne by the policyholder. The premium for all risk car insurance will be more expensive than the premium for TLO. Understandably, protection of the insurance company provides against the wider risk.

 Do not forget, before you choose an insurance company, first you must check the benefits or risks of what is provided by the company. Remember, the risk that your vehicle can experience is not just the damage caused by the accident. There are many other risks such as fire, floods, natural disasters and risks from riots.

 There are many considerations that should be observed car owners before buying car insurance. Things that can be considered include the location of residence and the use of vehicles. Is the location of the customer's residence located in areas prone to floods, high crime rates or prone to natural disasters.

 If the situation is like that, the customer should choose all risk car insurance. Therefore, the risk of loss or damage to the vehicle as a whole is higher. See also frequency of vehicle usage. If the vehicle is often used, then the owner of the vehicle should choose all risks car insurance.

 Today many people prefer insurance based on cheap premium prices. In fact, in the course of an accident could happen that the value of the loss is much greater. Usually many customers choose TLO solely because of the cheap premium rate.

 For that, do not buy a premium just based on the price of the premium to be paid, but look at the needs. Most auto insurance / motor vehicle products currently available also include third party liability features. The higher the benefits ceiling can be enjoyed, the higher the automatic cost premium.

 For your information, car insurance services / motor vehicles can only be used to protect the vehicle in accordance with standard factory specifications. Therefore, you who are fond of modifying the vehicle either determine what additional items in your vehicle need to be insured. But remember, the premium paid will also be greater.

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Ditulis oleh Karliov Andre pada tanggal Wednesday, August 30, 2017