Do you have car insurance? If you don’t, you should consider to buy it. Why? Because by buying car insurance means you can control the risk of financial loss when such collisions, slips, upside down, etc. occurs in your car. For this, when you buy car insurance, consider the following tips:
|Tips How to Choose and Buy Car Insurance|
Here are Tips How to Choose and Buy Car Insurance
1. Consider Company Reputation
The first thing you have to do is pay attention to reputable companies which offer car insurance. You can see reputation of company from when the company is established, optimal or not the services provided to its clients, how many clients who complain to the company, etc. Things to remember for choosing car insurance company, which should be considered in general are three factors:
First, the financial strength (security). Second, services (service). And third, costs or expenses. The financial strength of insurance related to the company's financial ability to fulfill its promise if the situation requires. It is important to know, because not a few insurance companies are looking at the flashy exterior. For example storey building, vehicle good directors. But when there claims from customers, the company can not afford to pay.
In assessing the financial strength of this there are some benchmarks that need to be considered.
a. Assets and liabilities.
It can be seen from the consolidated balance sheet is published in the mass media. See also, whether planted in the current investment or longterm. In terms of liability (ability to pay off liabilities) will be shown in the balance sheet, how the debts by reinsurers, how it fulfilles obligation to pay claims, and so forth. Indicators of net liabilities include equity (own capital) divided by net premiums of at least 50%. Own capital divided by gross premiums of at least 20%. Solvency level limit, which is visible from its own capital divided by net premiums of at least 10% and investment funds technical reserves divided by at least 100%.
b. Underwriting Policy.
The balance sheet and annual report will be seen that the insurance is still profit, or growth. This means that the policy underwiting is nice.
c. Underwriter. Insurance has personnel qualified or not. It is known from the profile companies that includes the underwriters.
Service is a reflection of the extent to which human resources in the company's qualified or not. Moreover, insurance companies are selling a service, so excellent service is the key. For example, the extent to which the speed of service in both the policy issue especially in the payment of compensation or claim. Moreover, the matter of service can actually be felt by the customer. This insurance company is absolutely the best service for its customers.
The problem is how much the cost incurred by the insurance companies in operation. If greater than the cost of entry, then obviously the company is not efficient. If it is not efficient, then the edges will suffer losses. And, if you continually lose money, certainly not healthy
It should also be questioned, whether insurance companies have reinsuranced itself to first-class safety reinsurance. It can be seen from the annual report. It is important to note, because if the company is not backed-up by reinsurance, the company is likely to be speculative in receiving the premiums.
Today the government has set a benchmark of health insurance (not the only one) is through RBC (Risk Base CAITAL) mechanism. If RBC number is large, this means the company is valued in good condition. But we should not be fixated solely with RBC numbers. Therefore, it could be a large company that is doing a major expansion like to open many branches, then his RBC numbers would be small.
Instead, there is a small insurance company but never to expand, the RBC number is probably much greater. Thus, RBC numbers can not be used, as the only measure, whether the insurance company is healthy or not.
2. Pay attention to things that are guaranteed and not guaranteed in the insurance policy
You also need to pay attention to things that are guaranteed and not guaranteed in the auto insurance policy. For example, the insurance company only guarantees the damage above 75% of the sum insured (in TLO) and the company will not provide compensation if the car damage caused by natural disasters.
3. Note workshop partners
Thing you should notice is find out the location of the workshop partners and the quality of the workshop. Consider if the location of the garage too much. In addition, the quality of the workshop in terms of these workshops provide the best care for your car (in terms of personnel and spare parts).
4. Consider additional services
Ensure that the workshop has additional services that will benefit you. Such services eg crane services, ambulance, 24-hour customer service, transportation, repairs in the workshop, new for old, and so forth.
5. Consider premium offered
Instead, consider the premiums offered by each company. If necessary, you compare the premiums. With the record, the premium rates are still reasonable (fair). That is, do not be too sure with insurance companies that offer substandard premiums. It may be that the company is fake. Compare the price of insurance premiums with other insurance. Where the quality is really good.
6. Consider references from family and friends
You also have to consider references from family or a place near you who've bought car insurance at a particular company. This method is certainly more effective because they are more knowledgeable on the company and that you do not experience regret in the end.
Source pict: http://anggialfonso.com/cara-mudah-memilih-asuransi-mobil