Come to think of it, the benefits of car insurance can minimize car owner losses. For example, if an accident occurs that causes minor or severe damage. Surely as a rider, you've been careful. Starting from obeying traffic signs, paying attention to speed, to respecting other drivers. But the name of an accident can still happen, one possibility is because of negligence of others. Not to mention other risks such as losing a car or natural disaster. This is what makes the importance of maximum protection that you can get from car insurance. There are two choices in car insurance. All risk insurance and TLO (Total Loss Only). For all risk insurance, the company will pay claims for all types of damage, ranging from minor damage, severe damage, to loss. There is also an extension of coverage covered by All Risk insurance which includes damage due to flooding, damage due to riot trapped, or loss of vehicle. While TLO insurance will only guarantee riisko loss or damage to vehicles with a minimum damage of 75 percent so that vehicles cannot be used anymore.
The company only reimbursed the cost of repairs if severe damage was found, but it did not cover if the minor damage was less than 75 percent. Incomplete protection coverage is what makes TLO insurance premiums not as big as all risk. Speaking of premiums, not many people know that the amount is not the same between regions. So, the number depends on the number plates that indicate the domicile of the vehicle owner. Vehicle insurance players are now increasingly actively seeking a broader market. So it's no wonder that finally the premiums earned by insurance companies from this business line increased significantly. They on average take advantage of cooperation with leasing in marketing vehicle insurance to debtors. This distribution channel has indeed been one of the mainstays of general insurance in selling these products. Moreover, car buyers on credit are now more numerous than cash ones. Because every new vehicle purchased on credit inevitably must be equipped with insurance, that's where customers get.
