Know The Difference Between All Risk And TLO Car Insurance

Illustration. (Photo: Unsplash)

JAKARTA - In making a decision to choose a car insurance product, the owner must know the difference between the car insurance products offered, namely the difference between all risk car insurance and TLO (Total Loss Only) in order to get the best car insurance.

The purpose of knowing this difference is so that car owners can find out what car insurance products the owner needs. Both all risk and TLO (Total Loss Only) car insurance have their respective advantages.

In this day and age, having car insurance is a must for the owner. This is inseparable from the current heavy traffic conditions with a high risk of mobility, this makes car owners often feel worried, both when the vehicle is left at home, at work and when in use.

Car insurance is here to be a solution to overcome these worries. Because even if you are a good driver, we can never predict what will happen along the way.

Car insurance is nothing new and its products are easy to reach for car owners. If you look at the benefits and advantages offered and provided by vehicle insurance, the claims and costs of the products offered are in accordance with the facilities that will be obtained by consumers.

However, before making a choice on what type of insurance to choose, it's a good idea for the owner to know the difference between all risk and TLO (Total Loss Only) car insurance products.

TLO Insurance (Total Loss Only)

As the name implies, TLO (Total Loss Only) insurance is a type of insurance that provides protection for cars from the risk of loss. This insurance covers the risk of theft and damage if the repair costs are estimated to be equal to or exceed 75 percent of the vehicle price immediately before the loss.

Loss of a car that occurs due to theft by irresponsible persons is also considered as total damage, so TLO insurance will cover the loss for the loss.

For example, if a car is involved in an accident and the damage is severe enough to require repairs, which are estimated to cost around Rp. 150 million. If the price of the car is Rp. 200 million, then considering the number of repairs that must be done with car damage categorized above 75 percent, the damage will be covered by TLO insurance.

But keep in mind again, that TLO insurance will not provide coverage if the car has minor damage of less than 75 percent. Minor damage such as a dented car bumper or theft of a rearview mirror will not be compensated. The cost of repairs or minor replacements as before is the responsibility of the owner.

All Risk/ Comprehensive Car Insurance

<<<<>>>> insureka! is the type of insurance that is most often chosen and used by new car owners. All risk car insurance also has other names, namely comprehensive car insurance in English, or comprehensive in Indonesian.

This type of cheap car insurance protects the car as a whole from various damages. Starting from minor damage, such as dents, minor scratches, or other minor damage to major damage, such as a collision that causes the car body to change shape or car theft. All such damage can be covered as long as it is in accordance with what is written in the policy.

This insurance does have a fairly large premium, but the protection provided by this insurance is also quite a lot. Not only protection for yourself from moving objects around, this comprehensive type of insurance can expand the protection more thoroughly.

The expansion in question includes the possibility of being affected by natural disasters such as earthquakes or floods, damage to cars caused by riots or riots, to the responsibility of third parties if the cause of the accident results in injury to other drivers.

With all the protection provided by the car insurance agent company, all risk insureka! will make the car owner's mind calmer because it avoids fear or anxiety when bad things happen to the owner's car, because the burden of repair costs will also not haunt the owner's wallet. Having all risk car insurance brings benefits for the owner, especially if the owner gets cheap car insurance.

Insureka car insurance agent company! be the right choice with a discount of 25 percent so you can save expenses. The best price guarantee is definitely obtained at Insureka with easy registration and fast claims.