Types of car insurance All Risk and Total Loss Only (TLO)

Types of car insurance All Risk and Total Loss Only (TLO)

Generally, there are two types of protection offered is insurance car/motor vehicle.

1. CAR INSURANCE TOTAL LOSS ONLY (TLO)

The type of protection offered by the TLO is car insurance protection for loss or severe damage of the policy holder's vehicle. New TLO protection can work when the percentage of damage to the vehicles achieve 75% or more of the vehicle's current market price.

For example, there is a car crash to tumble. The insurance company will review and calculate the cost of improvements to make the car back as readily.

2. ALL RISK CAR INSURANCE/COMPREHENSIVE

Types of car insurance all risk provides protection to all risks covered TLO insurancetypes. In fact, the customer can also pose the risk of a claim for damages under the75% as a result of the scratched car paint terserempet other vehicles.

Types of car insurance All Risk and Total Loss Only (TLO)

Certainly, the benefits that will be directly proportional to the cost of the premium to be borne by the policyholders. Top car insurance premiums all risk would be moreexpensive than premium for TLO. It's known, the protection afforded the insurance company against the risk of wider.

Don't forget, before you choose the insurance company check the benefits or risks of anything provided by the company. Remember, the risk is that your vehicle may be experienced not only the damage caused by the kecelakan. There are still plentyof other risks such as fire, flooding, natural disasters and risks due to a riot or insurrection.

There are many considerations that have to be paid the owner of a vehicle before buying car insurance. Things can be a consideration of which the location of the place of residence and the use of the vehicle. What is the location of the customer's residence is located in the flood-prone, high level of criminality or prone to natural disasters.

If the circumstances are such that, should the customer choose car insurance all risk.This is because the risk of the occurrence of any loss or damage to the vehicle as a whole is higher. See also the frequency of use of the vehicle. If the vehicle is used frequently, then the vehicle owner should choose all risks automobile insurance.

At this time many people who prefer the insurance premium rates based on the cheap. Whereas, in its journey could have happened an accident that the value of the loss is much greater. Usually many clients choose TLO solely because of a cheap premium rates.

For it, don't buy the premium is only based on the price of the premium payable, but look at the needs. Most of the car insurance products/motor vehicles in circulationat this time also include a feature third party liability. The higher the limit on benefits that can be enjoyed, the higher the cost premium.

Just for information, the service car insurance/motor vehicles can only be utilized to protect the vehicle in accordance with the specifications of the standard factory. Therefore, those of you who love to modify the vehicle's worth determining what additional items in your vehicle that needs to be insured. But remember, the premium paid will also be larger.