Auto insurance is usually divided to be 2 types,
namely All Risk and Total Loss Only (TLO).
- All Risk
The type of Auto insurance that is to cover
all risks that occur on your car. It can be from lost, hit, riots, terrorism,
missing tires, missing the rear view mirror, bumping into other people's cars
(Third Party Liability - TPL) etc..
Premiums of Auto Insurance All Risk that you must
pay, usually between 2% to 3% of the price of the car.
- Total Loss Only (TLO)
The type of Auto Insurance that is to cover
the car only when the customer is lost or damaged at least 75% and cannot be
used anymore. If the customer car accidents and car damage up to 75%, the
insurer (insurance company) will pay the customer claims.
There are also insurance companies that combine TLO
this type of auto insurance, for example, combined with TPL (Third Party
Liability). TLO type of auto insurance premium is in the range of 1% of the
price of the car, there is less and there is more than 1%.
Well,
of the two types of auto insurance at the top, which is right for you? If your
car is rarely used, often in the parakeet in the garage, and used only once in
a while, it was not much, it is likely that suitable insurance is a type of
TLO. But if your car is often out of town, or very active in the city, would be
better suited to the type of insurance All Risk. But all of that back to you.
If you believe your car will not be scratched but it may be lost, so take
insurance types TLO.
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