Get to Know the Types of Car Insurance and Their Benefits
SUMBERPULSA.COM - Get to Know the Types of Car Insurance and Their Benefits
Having a private vehicle is a source of pride. However, behind the pleasure of driving, there are risks that may occur such as accidents, theft, or damage due to natural disasters. To anticipate this, car insurance is one of the right solutions.
Types of Car Insurance
There are several types of car insurance that are commonly offered by insurance companies. Each type has a different scope of protection. Here are some of them:
All Risk/Comprehensive Insurance:
Coverage: Provides the most comprehensive protection against all types of damage to your vehicle, including accidents, theft, natural disasters, vandalism, and so on.
Benefits: You will get full compensation for vehicle damage, without having to think about the amount of damage.
Total Loss Only (TLO) Insurance:
Coverage: Provides protection only if your vehicle is totally damaged or lost due to theft.
Benefits: Suitable for those of you who have a car that is quite old or has a selling value that is not too high.
Combined Insurance:
Coverage: Is a combination of all risk and TLO insurance. In the early years, you will get all-risk protection, while in the following years it will switch to TLO.
Benefits: Provides more flexibility and choices.
Rider:
Coverage: Offers additional protection beyond the basic insurance coverage. For example, protection against natural disasters, passenger personal accidents, and third-party legal liability.
Benefits: Provides more complete protection according to your needs.
Benefits of Having Car Insurance
Financial Protection: The cost of repairing a vehicle damaged by an accident or natural disaster can be very expensive. With car insurance, you don't need to worry about bearing the burden of these costs yourself.
Peace of Mind: Knowing that your vehicle is protected by insurance will provide a sense of security and peace of mind while driving.
Legal Obligations: In some countries, including Indonesia, having car insurance is a must. This aims to protect third parties who may suffer losses due to accidents involving your vehicle.
Ease of Claim: The car insurance claim process is usually quite easy and fast. You only need to prepare the necessary documents and contact the insurance company.
Tips for Choosing Car Insurance
Compare various products: Before deciding, compare various insurance products from several insurance companies. Pay attention to the coverage, premiums, and services offered.
Read the policy carefully: Make sure you understand all the provisions stated in the insurance policy before signing it.
Choose a trusted insurance company: Choose an insurance company that has a good reputation and has a wide network of partner workshops.
