Dense traffic conditions and a high risk of mobility make vehicle owners, especially cars, often feel anxious, both when the vehicle is left at home/work / other location or when the vehicle is being used. If it is abandoned, it is afraid of theft and if it is used, it is afraid of an accident due to heavy traffic. This often disturbs car owners who live in big cities.
If you own a car, the solution to overcoming these worries is to take a car insurance product so that the risks that may occur in the vehicle and often worry about it will be transferred to the insurance company or insurance company.
The cost of an accident or the risk of loss can bankrupt you if you have to pay for it from your own pocket. Even relatively small losses can be financially disruptive, and some other losses can threaten at any time. Having car insurance helps protect assets and uses the allocation of money to achieve other important financial goals.
Car Insurance Has Two Characteristics
There are two choices of car insurance products according to the type of protection provided, namely all risk insurance and total loss only insurance.
These two characteristics have their respective advantages and disadvantages. It depends on the needs. Here is a clearer explanation of the types of protection in car insurance.
1. Characteristics of All risk (Comprehensive) Car Insurance
All risk (Comprehensive) Car insurance coverage applies to any event that is not excluded by the insurance policy. All risk coverage, which is also called hazard coverage, offers much wider coverage than the total loss-only type of risk coverage, which only covers a minimum risk of 75% of damage according to the policies stated in the policy.
All-risk car insurance can protect vehicles from several risks that are not found in other insurance products. All risks here are types of insurance coverage that have been specifically described in the policy contract and are not excluded. Exceptions usually occur in special conditions such as flood coverage, riots, natural disasters, or other force majeure conditions.
In principle, all risk insurance protects the vehicle as a whole, except for those included in the exception clause. If you want to include the callus, you can add benefit protection, for example, the benefits of claims for riots, force majeure, third-party legal liability, and so on.
2. Characteristics of Total Loss Only (TLO) Car Insurance
With rising fuel prices affecting the cost of owning a car, it is also a good idea to find ways to cut other related operational costs, such as car insurance. All vehicle owners should be concerned and ideally, have insurance coverage. For those who want to save money with simple protection, total loss-only insurance can be an alternative option.
In contrast to All risk, Total loss only (TLO) insurance only protects customer vehicles that are at risk of total loss or damage that occurs above 75%. Also understand some conditions that are categorized as non-claim exceptions, such as fraud and embezzlement.
In this case, it is also important to note the Vallet parking case. This type of parking is widely offered in shopping centers or hotels in big cities, where vehicle owners deliberately entrust the vehicle to the Vallet parking manager. If there is a risk of loss, then it is included in the accidental category that cannot be claimed in either the All risk insurance product or the TLO.
Buying Insurance Can Be Done Online, Make Sure You Get These Benefits
In this era of sophisticated technology, not only shopping for products online, but buying insurance products can also be done via the internet network. In addition to the risk of fraud and so on, the online system also makes it easy to compare products and see the reputation of the company that sells the insurance product.
Before buying insurance products online, make sure the insurance company has an official license as an insurance broker and compare what are the advantages of buying car insurance online.
Tips Berfore Buying Insurance Product
In addition, because the banking, non-bank, and insurance financial services industry is under the supervision of the FCA (Financial Conduct Authority), make sure that the insurance product you want to buy is under the supervision and permission of the FCA. The following tips can be considered:
1. Do not be tempted by promos, adjust the product purchased to your needs.
Check annual rates. Check and compare prices from other companies to make sure you are getting the best price deal. Many insurance companies offer services online so you can find insurance comparison tools easily. Online comparison of insurance products can be a cost and time-efficient way to find a better package.
2. Find Who Has “Car Insurance Without Survey” Products
Approval of claims for risks that are immediately accepted without conducting a survey is currently the main attraction for insurance customers. Many airlines have started using an auto accept policy issuance system that is fast and completely survey-free. So make sure the product you take has a feature like that.
Practical Tips for Finding Car Insurance Without Surveys
One of the superior services that many insurance customers seek is car insurance products without surveys. Practical, easy, and fast, this service product is favored by many insurance customers.
Besides that, it also provides a sense of security and comfort. Make sure the car insurance service without the survey also pays attention to the following important things:
1. It’s good to consider dealer recommendation products
If we are smart in approaching dealers, they will recommend the best product for us. Dealers with their experience in the automotive sector certainly have sufficient networks and knowledge regarding car insurance products. Condition, make sure that the dealer where you buy the vehicle has a good reputation and experience.
2. Check How Many General Workshops and Authorized Workshops
Even though you get the convenience of an insurance product without a survey, if the partner shop is limited, you will experience problems when claiming later.
Therefore, pay attention to their list of partner workshops, whether the repair shop is trusted and easy for you to reach or not.
3. Check Company Service Features, Ensure Easy Access and Complete Features
This service feature of the vehicle insurance company is important. Don’t let the company find it difficult to provide service when you need certain product services because the feature doesn’t exist or you have to ask other departments.
Especially if you are, for example, out of town and unwanted things happen, then you will be able to easily report the problem to the insurance company where you are.
4. Look for those who have online application features and services
Nowadays, the times are sophisticated, so look for products from insurance companies that have online service features and of course without surveys like the reviews above. This makes it very easy for you, for example, if your car suddenly breaks down on a toll road, you can claim insurance via the application directly from your smartphone.
Complete Service Features, Easy, Practical, and Without Surveys
One of the competitions in the insurance industry is in terms of the convenience it provides. Online services are now commonplace in almost all companies.
For car insurance itself, now one of the things that are avoided is a service without a survey when a claim occurs. By following the tips and reviews above, you will get the best product according to your needs.