Car insurance is a mandatory protection that every four-wheeled vehicle owner must have. By having insurance, car owners will be protected from various risks such as damage and loss of vehicle. In addition to information about the procedure for claims, you will also get an explanation of the terms of the car insurance claim and the types of car insurance. If you already have insurance or plan to choose car insurance, let's see how easy it is to claim the following all risk car insurance. In general there are two types of vehicle insurance namely: All risk and TLO (Total Lost Only). This point is also important for new Toppers who want to buy insurance. So, later you will not choose the wrong type of car insurance.
So, what's the difference between all risk and TLO car insurance? TLO car insurance, from the name, we can already guess if this type of car insurance only protects the insured from the risk of loss due to total loss. The purpose of total loss here is a condition where the car is damaged at least 75% or lost due to theft. This type of insurance premium is usually cheaper than all risk car insurance. All risk car insurance, in addition to protecting the owner from losses due to total loss, all risk insurance covers risks for all types of damage, ranging from mild to severe. Before making a car insurance claim, you must have prepared all claim requirements.
It means that the insurance claim process will be smoother. Actually, the terms of the car insurance claim are listed on the insurance policy. In the policy, information about the documents that must be prepared when submitting a claim is explained in full. In certain all risk car insurance products, protection does not only cover the risks experienced by insurance owners, but also third parties. For example, when an insurance owner has an accident to damage someone else's vehicle, insurance can be used to pay for the damage suffered by that other person. However, you must add a number of documents in addition to the conditions mentioned above.
