There are at least two types of motor vehicle insurance that you can choose from. However, why should you choose TLO car insurance for used cars? You must have the right reasons when making a choice.
There is TLO car insurance. car insurance All Risk . Of the two types of insurance, financial experts suggest choosing TLO insurance for used cars.
What is the reason? Here is the explanation.
Reasons Why It Is Right to Choose Used Car TLO Insurance
You must already know what TLO car insurance is. In short, this is a type of insurance with very narrow coverage. It is narrower than other types of car insurance, namely All Risk.
In general, there are two things that can make you file an insurance claim. The first is when fatal damage occurs. If the percentage, your car damage reaches more than 75%. At that time, TLO used car insurance .
The second, when your car is stolen. When this bad event happens, you can file a claim. That's all according to the narrative of most insurance policy holders, insurance companies do not provide 100% compensation. However, this is actually the policy of each company. You can ask the company about the guarantee for losses that will be borne.
Well, now the question is why TLO used car insurance. Why not All Risk ? There are at least 2 reasons.
Premium Price
As you already know, TLO's insurance coverage is limited. So the price of insurance premiums is lower than All Risk insurance.
And you should know. It is possible that the premium of the used car is much higher. Especially if the year of manufacture of your car is more than 5 years.
The logic is simple. The older the car, the higher the risk of damage. Therefore, the insurance company also set a slightly higher premium.
To save on ordinary insurance, there are suggestions to choose TLO insurance. At least you don't have to spend a lot of money to take out All Risk insurance. This is the main consideration why you should choose a used car TLO insurance policy.
Need
One question you need to answer. Which is the most likely to burden you financially? When the car has minor damage such as scratches on the body? Or major damage caused by a collision on the highway? Of course the second one, right?
Then, one more. Which is most likely to happen when you own a used car. Is the damage minor or major?
From these two questions, you will understand why many recommend choosing used car TLO insurance. Because this is a necessity.
There is a big risk where you have to shell out money to repair a used car. And you can anticipate that by taking a TLO car insurance policy.
Now, after knowing the explanation above, are there still any doubts about buying TLO car insurance premiums?
Tips to Avoid Minor Damage to the Car
As previously explained, TLO used car insurance does not provide coverage for minor damage. Therefore, if you choose this insurance, you need to know how to prevent your finances from being burdened with minor damage that might occur.
The first, try to be more skilled in caring for your used car. Check the condition of the engine oil every time you use the car. This is because oil leaks often occur. And this can damage the engine if the oil continues to drain. If you check and the engine oil is low, refill it.
In addition, change the oil regularly. Follow the oil change instructions. Because every brand of engine oil is recommended to be replaced at a certain car mileage.
Even if you've done maintenance, the risk of a collision is small. Especially if you live in a big city with traffic jams. Collision with other cars seems to be a common thing to happen.
Remember. You can't claim scuffs on the car body. You have to spend it yourself to paint the scuffed car body.
Avoid this in a simple way. Namely use public transportation. You can occasionally use your own car, such as when traveling with your family on weekends. Meanwhile, for daily mobility, take advantage of mass transportation facilities.
One more thing is also important for you to consider. Apply for extended protection. You should know when you buy TLO insurance for a used car, there is no guarantee if the car is badly damaged in a riot or as a result of a flood.
What if your place is prone to flooding or frequent riots? You can still choose TLO car insurance. However, apply for extended warranties as needed.
Then, what about the insurance premiums? Indeed the insurance premium will be a little more expensive. However, the increase was not so significant. Premiums are not as expensive as when you choose All Risk car insurance.
For more details about this used car insurance premium, please do the calculations yourself. On the Check Premium car insurance , you can simulate how much your used car insurance premium will be.
Visit the Premium Check site. Then, you can take advantage of the insurance premium calculation calculator facility. Make sure you choose TLO insurance. Then, click calculate.
You can also compare used car TLO insurance premiums with All Risk insurance premiums. Then you will know the difference in premiums for these two types of insurance.