The term Motor Vehicle Insurance

Motor vehicle insurance is a form of insured loss or damage, which occurs to Your motor vehicle, car or motorcycle. such as a collision, fall, flood, theft, evil deeds, to fire.

In addition, for the wording of the insurance policy of the motor vehicle which is used, is the provision of a guarantee of standards drawn up by the Council of Insurance, and is used by all insurance companies that operate both conventional and islamic.

As for the benefits to be obtained from the insurance of the vehicle is, can give you protection from loss or damage caused to Your personal vehicle, so that the feel calm. You also have the funds to do the repair or replacement when the events of that harm.

Types of loss or damage which could be covered by insurance, such as:
• Traffic accident (collision, impact, up mired)
• The evil deeds of another person (the victim of the brawl, rob, theft, etc.)
• Fire
• Natural disasters (flooding, tsunami, earthquakes etc.)

Type-the type of Motor Vehicle Insurance there are at Least two types of insured motor vehicle insurance that is Comprehensive (All Risk) and Total Loss Only (TLO)

Comprehensive (All Risk)
Insure the risk of loss as a whole, both small losses and large, including the loss.

Total Loss Only (TLO)
Provide guaranteed replacement if Your vehicle suffered damage amounting to approximately 75 per cent, of the value of the vehicle and loss of your vehicle.

You can obtain this insurance through the :
• Branch office of the insurance company.
• The agent of the insurance company who has a certificate of agency recognized.
• The site of the insurance company.
• Other parties that have cooperated with the insurance company.

Some insurance cover virus COVID-19

The Term in the Motor Vehicle Insurance

There are many terms in the field of insurance who might not know. Than You confuse, as well as not sure with the statements of some of the terms confusing, here are some of his statement:

All Risk / Comprehensive : 
the Meaning of the term car Insurance All Risk or Comprehensive is the ‘all risk’, either from the light damage, heavy damage, to lose, everything is borne by the insurance

Total Loss Only : 
Commonly abbreviated as TLO this is a type of insurance vehicle warranties for loss or damage to the value of the loss reached more than 75 percent of the car price as listed in the policy

Policy : 
Policy is a binding agreement and approved by the insurance company and the policyholder in writing

Premium : this Term is the amount of money that must be paid as an obligation of the holder of the insurance policy, to the insurance

The insured :
the Parties are legally listed in the insurance policy that the transfer of risk to another party and receive the benefits of the policy by paying premiums

Emergency services / ERA (Emergency Road Assistance) : 
 Services of insurance to bring in help as a mechanic to the place where the driver is stuck when the vehicle suffered damage

Personal Accident / personal Accident : 
Protection against loss caused by a motor vehicle accident that causes death or a state of permanent disability to the driver or passengers

Simulation auto Insurance :
a Procedure to compute their how much car insurance premium that must be paid to the policy
Own risk / Own Risk (Deductible): the Value of the load losses of the insured party that must be borne by yourself

that's a little review about The term Motor Vehicle Insurance, the hopefully you can help if only a little reason

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