Increasingly high living standards for U.k, especially in urban areas, make demand for car purchases and insurance also increasing.
It is not wrong to interpret that a car is one of the dreams of 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 they 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 a lack of information about insurance benefits on the new car that you have.
Here’s the Fact of Car Insurance that You Must Know
Sometimes insurance that is obtained when owning a new car, is insurance offered by an insurance company that has worked with the car company. So that car owners do not understand the advantages and benefits of insurance they have.
Not a few who let car companies or car leases to choose which insurance company will be in charge of their car. In fact, it is very important to understand carefully the insurance for new cars that will be used.
If someone has car insurance, he will get some benefits. Submission of insurance is now easier because it can be done online .
The first benefit of car insurance is of course minimizing the loss of the car owner. For example, if an accident occurs that causes light or heavy damage, the car is lost due to theft, natural disasters, and much more. When using all risk insurance , it will provide overall protection for the car.
The next benefit is that insurance owners can be more calm because they have collateral in the event of an accident or other disaster in the car. Having insurance is the same as transferring the risk of the car owner to the chosen insurance company game poker.
“By paying premiums to insurance companies, car owners can transfer the risk of car protection guarantees to the insurance company of their choice,” he explained.
All risk and TLO
There are two types of insurance that can be chosen by new car owners; All risk or comprehensive insurance and TLO. For all risk or comprehensive insurance , the company will pay claims for all types of damage, ranging from minor damage, severe damage, to loss.
For example, the car is hit by public transportation, the damage is minor which makes the car less comfortable to look at. In this case, claims can be made if the insurance owned is comprehensive insurance .
Whereas for Total Lost Only (TLO) insurance , it only guarantees risks due to theft and damage if the repair cost is estimated to equal to or exceed 75 percent of the vehicle price just before the loss. Insurance Total Lost Only (TLO) was chosen because of the price premium is relatively cheaper than insurance all risk . With a low premium fee, you can divert funds available for other needs such as vehicle maintenance costs.
Basically, insurance frees you from the extra costs that must be incurred when there is damage to the car. Imagine if you don’t 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 choice of coverage that can cover the damage to another driver’s car due to your negligence, so you do not need to panic and dizzy because the damage will be compensated by the insurance.
Increased Vehicle Insurance
The beginning of 2019 became a pretty sweet period for the vehicle insurance business. How not, the premiums obtained by insurance companies from this business line increased significantly.
The increase in premiums obtained from the line of vehicle insurance is inseparable from the improvement of the automotive market in early 2019. Unlike the conditions at the beginning of last year where vehicle sales were not too passionate. “So that practically the acquisition of premiums from vehicle insurance has increased considerably,” he explained.
Another factor that influences is that more vehicle insurance players are actively looking for a wider market. Not only utilizing cooperation with leasing in marketing vehicle insurance to debtors. This distribution channel has indeed become one of the mainstay of general insurance in selling these products.
Now, you don’t have to think long enough to have insurance on a new car. In addition to keeping your assets high in value, you don’t think too much about additional costs when your car is damaged when things go wrong. So what are you waiting for? have insurance on your new car.