Total Loss Car Insurance and All Risk

The car insurance usually has 2 kinds: All Risk and The Total Loss Only (TLO) car insurance.

All Risk Car Insurance

This car insurance covers all the risks that happened to your car.From losing, crash, riot, terrorism, the tire lost, the rear-view mirror lost, hit the other person's car (Third Party Liability - TPL) etc.

Its insurance value depended on the insurance company respectively.For example, there is insurance company that gave TPL value $500 for one incident, another gave until $2500 for one incident. You must pay close attention to the packages that were offered. Search for the best protection according to your requirement.

For All Risk Car Insurance premium’s that must be paid, usually between 2% to 3% of the car price. So if your car price is $5000, you must pay between $100 and $150 for one year.

Total Loss Only Car Insurance (TLO)

This insurance covers only if the customer's car is lost or has the damage for minimum 75% until could not be used anymore. If the customer's car has an accident and his car damage until 75%, the guarantor (the insurance company) will pay the customer's claim. There also the insurance company that packed this TLO insurance with TPL (Third Party Liability). This TLO premium is in the range 1% of the car price, can be less or exceed from 1%.

From the two kinds of the car insurance above, which one is suitable for you? If your car rarely used, the often in the garage, and used occasionally for a short distance, the appropriate possibility is TLO car insurance. However, if your car often used for a long distance, or very actively used, you should agree with the All Risk Car Insurance.But the decision is belong to you. If you are sure that your car will not be scratched but possibly lost, yes take the TLO Car Insurance.

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