It was not the worst . What if your new car is stolen ? Will your treasure is lost in vain ? Of course not , because it is possible to obtain them you have to save up for a long time .
Car insurance is an agreement made between the client or the insurer to insurer , where the insurer promises to bear the risks that might occur in a car insurer .
In other words , when your car is at risk , you do not need to spend money . The insurer will bear . So , what are the risks that are guaranteed by the insurance company ? Or the protection of what is offered ?
Comprehensive
Protection of all risk is also often referred to as all-risk protection or combined . Protection of this type of guarantee compensation for the cost of any and all damage to the car due to falling objects , fire , collision / traffic accidents , theft , and collision .
Because of small damage / partially happens on any car guaranteed ( not only severely damage ) , insurers who want to get this protection usually need to pay higher prices . Regarding the age of the car , which can usually be insured with the benefit of this is that cars aged up to 10 years , some even 5 years .
Total Loss Only ( TLO )
The opposite of all risk , ensure the protection of this type of compensation costs as a result of theft or total damage ( minimum 75 % ) were caused by falling objects , fire , collision , traffic accident , theft , or collision . In other words , the new insurer will earn money while replacement car can not be used anymore ( totally destroyed ) .
Expansion protection
You may then ask , what if the car is damaged by floods , tsunamis , hurricanes , and volcanic eruptions ? As it turned out , the damage caused by the disaster are not included in the all-risk protection and TLO , but included in the expansion of protection .
For this , auto insurance companies usually require an extra premium to get protection extension . What can be included in the expansion of protection ?
- flooding
- hurricane
- tsunami
- Volcanic eruptions
- Third party indemnity
- Personal accident ( driver and passenger ) who suffered permanent disability or death .
- Treatment ( medical )
- Riot or civil commotion