Choose comprehensive insurance or TLO? Early in the year, it also means that you must be prepared to welcome guests who regularly visit. Only, this annual guest is damaging your assets, from your home, motor vehicle, to furniture. Moreover, if it is not flooded. Rainfall has the potential to generate flooding in many areas. Especially, which is indeed a flooded area. Yes, even if you take all risk property insurance (PAR) and industrial all risk (IAR), it does not necessarily cover protection against the risk of terrorism. Likewise with all risk insurance for cars. For example, Comprehensive Insurance does not even cover collateral risks from floods, riots, and terrorism.
Unless, you take Comprehensive Plus Insurance which provides flood protection, riots, terrorism including earthquakes. Moreover, total lost only insurance (TLO) which only guarantees damage with a minimum loss of 75% of the price of the vehicle. Of course, more expensive comprehensive insurance premiums that guarantee almost all risks than TLO. Also more expensive comprehensive insurance premiums plus compared to the standard. For example, Standard Comprehensive Insurance premium rates start from 1.05% to 3.44% of the price of the car. The amount depends on the price of the car. Then Comprehensive Plus premium rates start from 1.25% to 4.11%.
The more expensive the price of the car, the smaller the amount of premium paid. TLO type insurance is cheaper because it is evaluated in case of loss or major damage. While comprehensive is more expensive because the guarantee is up to little damage. Only, if you take the expansion of protection, the tariff can be cheaper or more expensive. This depends on the amount of additional insurance you take. If only one expansion, it's still cheaper. If three protections, can be more expensive. The public should not just look at cheap or expensive insurance premiums. The main consideration in choosing insurance is the type and scope of the policy guarantee, whether it suits the needs of each individual.
For example, flooding. You buy TLO insurance with an extended flood guarantee. If your vehicle is partially damaged or under 75% due to flooding, then the loss will not be replaced. If you live in a big city and meet with traffic every day, yes, it's better to take comprehensive insurance. Even though it is expensive, small risks such as scratches on the car body because of the impact of the motorcycle are guaranteed by the insurance company.
