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The current era is not just buying things that can be online. Motorized transportation insurance can also be applied online.
Only armed with a smart phone or gadget, applying for car or motorcycle insurance is as easy as a fist. It is more efficient and easier because it can be used anytime and anywhere.
But looking for online transportation insurance is like buying and selling, you have to be careful so you won’t be disappointed and regret it the next day. The following is a guide to sorting online transportation insurance products:
1. See the amount of the premium
The amount of transportation insurance bonus offered by each industry is different. Regarding the benefits you want to have, the year of transportation, and the type and type of transportation.
The amount of the bonus has also been regulated in the Financial Services Sovereign (OJK) regulations.
Overall Loss Only Insurance (TLO), the premium percentage ranges from 0.2% to 0.69% of the price of transportation equipment per year.
Meanwhile, for All Risk or Comprehensive insurance, the bonus amount ranges from 1.05% to 4. 20% per year. The bonus is related to the area or the sum insured.
All risk transportation insurance is indeed more expensive in premiums, because insurance will pay off claims for all types of damage. Starting from light destruction, severe disability, or running out.
Just a little scratch on the car will be exchanged for the insurance industry. In contrast to TLO insurance, the loss can be ascertained if there is damage above 75%. So, if a scratch, scratch, a little dent is not guaranteed.
2. Easy to submit claims
The important thing that must be considered when buying an online transportation insurance product is to look at the relief in how to submit a claim. How many days to claim, what conditions are needed, and how long does it take for claims to be liquidated.
In fact, you don’t want to buy transportation insurance, but it’s hard to claim. In table tennis here and there, it’s complicated, the process is far and long.
In this case, you can find out or track it on the Google search web, looking for a track record of claims in the insurance industry. Or by asking a friend of his service consumers.
3. Provide collateral protection over time
No one knows if the risk will occur to your car or motorcycle. So, make sure to buy an online transportation insurance product that can guarantee protection anytime and anywhere for the duration. Throughout 24 hours 7 days.
If needed suddenly, you can immediately visit and ask for encouragement to ease the way of filing an insurance claim for the transportation equipment, for example a substitute transportation tool.
4. Compare one product with another
Each insurance industry certainly has its own favorite product with different benefits. In product A, it is strong in the network of partner workshops, for example. On the other hand, the premium product B is more economical. You have to equate one product with another to get a product that really suits your needs.
5. Not applying for insurance for an old car
Of course, the insurance industry really likes it when it succeeds in hooking up a lot of customers. But that doesn’t mean the industry wants to just get a car to be insured.
Each industry has different policies regarding the maximum age limit for cars to be insured. Generally close to 10 to 15 years per car part.
Therefore, make sure the age of the transportation equipment to be insured is not more than 10 years so that the insurance application is not rejected.
Selection According to Financial Desires and Skills
Choosing car insurance must match your needs and financial skills. If the insurance budget does not only focus on financing car insurance, but there is health insurance, life insurance, and even home insurance, you can buy TLO insurance.
From the budget set aside each month, if you are required to cover health insurance, to a wiser step is to choose TLO insurance. But on the contrary, if you want insurance with comprehensive protection, and are able to pay off the premiums, then you can apply for All Risk insurance.
You can share or set aside 10% of money for insurance. This insurance is again divided into 2, for example 5% health insurance and 5% for motor transportation insurance.
Don’t let it turn out that you want to save money without transportation insurance, you have to spend a lot of money for car repairs here and there if there is an unexpected risk. What’s more, if the car disappears, neither party will bear the loss.
By having insurance, and complying with paying bonuses, you will be free from losses that arise in the future. It’s better to make a little money for bonuses, than the next day it’s even less desperate.