Understanding of Motor Vehicle Insurance
Motor Vehicle Insurance give the compensatory guarantee of damage / loss that happen to motor vehicle effect of collision, devilment, burning, third party responsibility or thunder pouncing movement.
Responsibility object in Motor Vehicle Insurance
Responsibility object in this insurance is motor vehicle.
The responsibility condition be available in Motor Vehicle Insurance is 2 kinds of:
Comprehensive (loss / damage some of (partial loss), loss / total damage and responsibility punish the Third Party*) and
Total loss only (total loss accident, where repair expense = 75% vehicle price and also annihilate vehicle / lose because theft)
The risks guaranteed in Motor Vehicle Insurance:
Loss / damage of underwritten by the vehicle because of collision, inverse, slipped from road, devilment of others, theft of vehicle or supply of standard, thunder pouncing movement and burning.
The risks is not guaranteed in Motor Vehicle Insurance:
The given data to insure into Motor Vehicle Insurance:
While boundaries insure vehicle in Motor Vehicle Insurance is:
*Loss of responsibility effect finance according to law of natural by the loss of third party effect of insured motor vehicle. This loss can be in the form of damage of properties, death or injured body.
**Occupation mean usage.
Motor Vehicle Insurance give the compensatory guarantee of damage / loss that happen to motor vehicle effect of collision, devilment, burning, third party responsibility or thunder pouncing movement.
Responsibility object in Motor Vehicle Insurance
Responsibility object in this insurance is motor vehicle.
The responsibility condition be available in Motor Vehicle Insurance is 2 kinds of:
Comprehensive (loss / damage some of (partial loss), loss / total damage and responsibility punish the Third Party*) and
Total loss only (total loss accident, where repair expense = 75% vehicle price and also annihilate vehicle / lose because theft)
The risks guaranteed in Motor Vehicle Insurance:
Loss / damage of underwritten by the vehicle because of collision, inverse, slipped from road, devilment of others, theft of vehicle or supply of standard, thunder pouncing movement and burning.
The risks is not guaranteed in Motor Vehicle Insurance:
- Advantage loss / the decreasing of other finance value
- Theft of supply of is non standard
- Damage or loss of embezzlement effect
- Loss of effect devilment of husband / wife, the insured family, steward of the insured, laboring people at the insured
- Draw or push other vehicle, for the race of speed, drive, draw trailer
- Drive by the someone don't have Driving License
- Enter / pass the closed road / forbidden street
- Transported goods
- Nuclear Radiation, radioactive contamination, atom nuclear reaction
- Earthquake, mount eruption, hurricane, storm, floods, pond irrigate or other meteorology or geology symptom
- War, incursion, foreign enemy action, civil war, rebellion, turbulence of civil / military, harassment, terrorism, usage of hardness, revolution, coup d'etat
- Riot of strike or trouble orderliness of public
- Timeworn
- loaded properties or unloaded properties
- Damage of road / bridge, building as heavy vibration effect of vehicle or his payload
- Injured body / death : passenger, the insured, wife, child
The given data to insure into Motor Vehicle Insurance:
- Data the insured
- Risk location
- Occupation**
- Responsibility object
- Responsibility price
- Responsibility condition
- Other information
While boundaries insure vehicle in Motor Vehicle Insurance is:
- The insured in form of body of is effort
- Responsibility region exist in Indonesia (except Acheh, Moluccas and Papua)
- Minimum Vehicles amount 25 unit
- Maximal age of vehicle : 10 year (Comprehensive) or 15 year (TLO)
- Occupation / Limited Usage to be personal / on duty, test drive, exhibition, rent, cab or traveling
*Loss of responsibility effect finance according to law of natural by the loss of third party effect of insured motor vehicle. This loss can be in the form of damage of properties, death or injured body.
**Occupation mean usage.
1 comments:
Is a motor vehicle insurance policy same as auto insurance policy ? Different insurance companies use different naming conventions for insurance policies which makes it difficult to understand. You have deeply explained motor vehicle insurance policy that is very promising. Thanks.
liability insurance
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