When we think about insurance, the first thought is free from financial losses due to unexpected accidents coming. Because the purpose of insurance is basically to reduce the uncertainty of the possibility of unexpected losses. In general, insurance is defined as an agreement where a person makes a bond with an insured to receive a premium to provide reimbursement to him for any loss, damage, or loss which may be experienced due to unforeseen events.
Car insurance is intended to protect from the threat of unforeseen hazards such as collision, theft of car parts or even the car itself is stolen. By protecting a car with insurance, we can drive a car with a sense of calm and safe to travel anywhere.
Types of auto insurance protection :
Insurance Losses Total (Total Loss Only / TLO)
Guarantee losses resulting from accidents with minimum damage to 75% of the sum insured or the vehicle is lost. Usually the car damage is very severe (broken engine) can claim a new course through the rather complicated claims process.
Combined Insurance (Comprehensive) or All Risk
Guarantee losses resulting from major and minor accidents or loss with the imposition of additional equipment / vehicle destruction or loss. This insurance covers damage to the car body such as scratches, missing spare tire, mirror missing, broken glass, etc.. Claims process is not too complicated, because it is usually for large workshops already cooperating with the insurance that will help us process claims.