What can be insured on Auto vehicles Insurance?
Two-wheeled
motor vehicles (motorcycles, scooters and the like) four or more
wheeled vehicles (sedans, minibuses, jeeps, trucks) including
accessories or additional equipment attached to the vehicle.
Risk anything guaranteed?
In
accordance with Motor Vehicle Auto Incurance Standard Policy issued by the Insurance Council, this policy covers loss of or damage to
motor vehicles caused among others by:
Collision, collision, reverse slip or fall.
Misconduct of others.
Theft includes theft which preceded or accompanied by violence or threats.
Fires caused by lightning strikes.
Damage to the vehicle during the crossing on the ferry managed by the Directorate General of Land Transportation.
The cost of the tow.
Motor vehicle insurance policy also ensures risk liability (legal responsibility of the insured to a third party.) Where the third party suffered losses directly caused by motor vehicle insured with the condition has received written approval from penangggung. Losses suffered by third parties may include damage to property or personal injury or death. It also includes the risk of liability that is secured court fees or costs help of experts who have been approved in advance by the insurance.
Collision, collision, reverse slip or fall.
Misconduct of others.
Theft includes theft which preceded or accompanied by violence or threats.
Fires caused by lightning strikes.
Damage to the vehicle during the crossing on the ferry managed by the Directorate General of Land Transportation.
The cost of the tow.
Motor vehicle insurance policy also ensures risk liability (legal responsibility of the insured to a third party.) Where the third party suffered losses directly caused by motor vehicle insured with the condition has received written approval from penangggung. Losses suffered by third parties may include damage to property or personal injury or death. It also includes the risk of liability that is secured court fees or costs help of experts who have been approved in advance by the insurance.
Is there a risk that is not guaranteed?
The risks are not guaranteed mentioned clearly on the policy requirements, among others:
- Loss of profits during the vehicle can not be used due to accident
- Losses due to fraud
- Loss of or damage to additional equipment or non-standard that is not mentioned in the summary of the policy
- As a result of the evil deeds committed by the insured or insured family
- Vehicles used to learn to drive or race or carnival, or a crime
- overloading
- The driver does not have a driver's license or violating traffic regulations
- Cargo in the vehicle
- Due to natural disasters or wars and the like
What factors affect the premium rates?
Based
on the type of closure or scope of cover, motor insurance has two types
of closures, that is no guarantee or Total Loss Only, and comprehensive
warranties.
Total Loss Warranties means if the vehicle is stolen or lost vehicle accident in which the cost of repairs is estimated at least 75 percent of the price of the vehicle.
Comprehensive Assurance almost similar to Total Loss only guarantee no minimum repair cost estimate.
Total Loss Warranties means if the vehicle is stolen or lost vehicle accident in which the cost of repairs is estimated at least 75 percent of the price of the vehicle.
Comprehensive Assurance almost similar to Total Loss only guarantee no minimum repair cost estimate.
Premiums are generally determined by several factors, including:
- The selected type of guarantee (comprehensive or total loss)
- Type of vehicle (two wheels, four wheels or more)
- The price of the vehicle or coverage
- The use of vehicles (personal, official or commercial)
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