What is insurance definition?
When we thought about insurance, the first think crossing in our mind is freest from the financial loss resulting from the unpredictable accident. Because the aim of the insurance basically to reduce the uncertainty from the possibility of the loss that is not expected. Generally, the insurance is define as an agreement where a guarantor made the association with a person by accepting a premium to give the replacement for him because of a loss, damage, or lost that possibly will be experienced resulting from the unexpected incident.
What is the benefit of the insurance?
The insurance that was known is life insurance, loss insurance, and health insurance. The loss insurance is the insurance that protect the property for example the house together with its contents, the apartment, the car etc. The car insurance is aimed to protect from various danger threats that were not expected for example the collision, the theft of several car parts or even the car that was stolen. By protecting the car with insurance, we could drive the car calm and safe feeling anywhere we go on a trip.
The car insurance protection kinds consist of :
- Comprehensive Insurance or All Risk.
- Total Loss Insurance (The Total of Loss Only/TLO).
Beside the protection of like above, the car insurance also provide the insurance expansion for example legal responsibility to the third party and passengers, the chaos (Strike, Riot and Civil Commotion), the natural disaster (Act of God), etc.
At this time, it is easy for you to get the interesting car insurance and in accordance with your requirement because of many insurance companies that competed by offering the interesting program. More people get insured showed that the awareness to protect their property from danger threat possibility has improved. The insurance company currently competes to give the service that is best for the community, from the kind of insurance program until the problem of the claim.
The Definition and Benefits of Car Insurance
Posted by
Insurance Assistant
July 09, 2008
at
2:30 AM
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1 comments:
Thanks a lot for providing us a depth knowledge about the car insurance benefits. Whenever I buy a new or used car, I always connect to Uber Insurance Australia for its insurance.
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