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| Type Car Insurance All Risk and Total Loss Only (TLO) |
If you are interested in insuring your favorite car, you should first learn the ins and outs of car insurance / motor vehicle. Thus, you can choose the type of protection insurance and which one best fits your vehicle.
Generally, there are two types of protection offered car insurance / motor vehicle.
1. CAR INSURANCE TOTAL LOSS ONLY (TLO)
This type of protection offered by the TLO car insurance is protection against loss or severe damage of the vehicle policyholders. TLO protection can only work if the percentage of damage to the vehicle reaches 75% or more of the current market price of the vehicle.
For example, there was a car involved in an accident to tumble. The insurance company will investigate and calculate the cost of repairs to make the car back as usual.
2. ALL RISK CAR INSURANCE / COMPREHENSIVE
All risk types of car insurance provide protection for all types of insurance risks that are guaranteed TLO. In fact, customers can also make a claim for damaged below 75% as a result of the paint scratched grazed another vehicle.
Of course, the benefits will be directly proportional to the cost of the premium to be borne by the policyholder. The premiums on car insurance all risk will be more expensive than the premium for TLO. It's known, the protection of the insurance company against the risk more widely.
Do not forget, before you choose an insurance company first check any benefits or risks provided by the company. Remember, the risk that your vehicle can be experienced not only the damage caused by accidents. There are still many other risks such as fire, flood, natural disasters and the consequent risk of unrest or riots.
There are many considerations that must be observed the vehicle owner before buying car insurance. Things that can be considered among location of residence and the use of the vehicle. Is the residence location of customers located in areas prone to flooding, high crime rates, or prone to natural disasters.
If this is so, should customers choose car insurance all risk? Therefore, the risk of loss or damage to the vehicle as a whole is higher. See also the frequency of use of the vehicle. If the vehicle is often used, the vehicle owners should choose a car insurance all risks.
Nowadays many communities prefer based insurance premium prices are cheap. In fact, the journey could have been an accident that the value of the loss is much greater. Usually, many customers choose TLO solely because premium rates are cheap.
Therefore, do not buy the premium is only based on the price of the premium to be paid, but look at the needs. Most car insurance product / vehicles circulating today features include third party liability. The higher the ceiling of the benefits that can be enjoyed, automatically the higher the premium cost.
For your information, insurance services car / motor vehicle can only be used to protect the vehicle in accordance with the standard specifications of the manufacturer. Therefore, you are fond of the good modifying vehicles specify any additional items in your vehicle needs to be insured. But remember, the premium paid will also be greater.
