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In my previous article, I explained several types of insurance according to their functions. And one type of insurance that I will convey here is car insurance. Actually, is car insurance important to us? If you already have a car, but you haven't insured your car, maybe now is the right time to find out which car insurance is best for you.
Car insurance is important for some people. Because we do not know what risks will occur on the highway. An example is an accident or even the loss of a car. Even though we have tried to drive our vehicles carefully, sometimes accidents cannot be avoided. For this reason, as our effort to avoid various risks, in this case our car, such as an accident or loss of a car, we should start looking for information and buy car insurance for our car.
Car insurance has two types of products:
1. Total lost only
2. All risk
You can choose one of the types of products above. Or you can also choose both of them for your car insurance. What is the difference between the two types of car insurance above?
1. Total lost only
As the name implies, total lost only. Offers car insurance benefits in the form of claims that can only be made if there is a risk of total loss of your car. The total loss in question is if there is damage above 75%. Or due to theft or robbery.
2. All risk
For this type of car insurance, the insurance company will provide comprehensive protection, whether it's minor damage or major damage. Usually the cost for this type of car insurance is relatively more expensive compared to total lost only car insurance.
You don't need to worry anymore about choosing car insurance for your car. Whether it matters or not the decision is yours.