Choose Vehicle Insurance

Choose vehicle insurance is not easy. Moreover, in the midst of intense competition today. Almost all insurance companies have vehicle insurance products. Living potential borrowers to choose that which is worthy to be taken. For that below we present some criteria so as not wrong:

1. Potential borrowers do not get hung up on premium fares cheap. Because, in the competition in recent years, many insurance companies are offering specials, cheap premium rates. But there is not necessarily a guarantee of service.
2. See insurance package offered. For example, extensive warranties up to how much. Because of this extensive warranties must be adapted to the wishes and the capabilities of potential borrowers.
3. See also network of insurance companies in question. For example, how many have regional offices or how many have repair shop partners, so there is not claim so long wait in order to repair the vehicle or a vehicle reported missing.
4. Be asked first ease, facility or what added value can be obtained when purchasing the insurance policy in that company. For example, is there a replacement car, tow cars or hotline service, car mechanic, ambulance services and others. And, no less important is the ease to do the changes as well as ease in asking.
5. To consider also the insurance company's confidence. Don't get so there's claims, nor do they have partners workshop. Because many insurance companies claim they are the best. But his condition had been very severe.

In addition to the above, there are still some factors that should be considered in the process of selecting an insurance company included in select products. Things to keep in mind that in choosing a private insurance company, then that should be considered is generally three factors.

First, financial strength (security). Second, the service (service). And third, a cost or burden. Financial strength of the insurance company's financial capability that are concerned to fulfill his promise if circumstances require. It is important to know, because not a few insurance companies that seem beyond flashy. For example, vehicles-floor building, good directors. But when going on the claims of the customer, the company could not afford to pay.

 

In assessing financial strength are some benchmarks to note. 

Asset and liability. This can be seen from the report of the financial balance sheet which was announced in newspapers. See also, whether its investments planted at current or long term. In terms of liability (the ability of paying off obligations) will be visible on the balance sheet, how the loan on the ability of paying off its debt, how does he meet the obligation to pay a claim, and so forth. ndicators of a liability among other net equity (private equity) divided the ' net premiums (net premiums) at least 50%. Own capital divided ' gross ' premiums (gross premiums) at least 20%. Limit the level of solvency, which is visible from the capital itself divided at least 10% of net premiums and investment fund shared backup techniques at least 100%.   

 

Underwriting Policy. In the balance sheet and the annual report it would seem that the insurance is still a good thing, or is experiencing profit growth. This means underwiting policy good.

 

Its Underwriter. Insurance have staffs qualified or not. It is known from a corporate profile that contains the underwriter.

 

Service (service) is a mirror of the extent of human resource in the company is qualified or not. Moreover, the insurance company is selling the service, then the service excellence is the key. For example, the extent to which the speed of service either in the published policy especially in payment of compensation or a claim.

In addition, the reserved services may actually be perceived by the customer. Does the insurance company have been downright gives the best service create customers.

In this connection it should be also questioned whether the insurance company is insuring on a first-class reinsurance security. This can be seen from its annual report. It is important to note, because if the company is not backed-up by reinsurance, it is likely the company is speculative in receiving the premiums.

The problem is how much costs the costs incurred by the insurance company in its operation. If it is greater than the fee income, then obviously the company is inefficient. When it's not efficient, so the edges will experience losses. And, if you constantly lose out, definitely not healthy.

In this connection it could be seen the price premiums. Compare prices for the same insurance premiums with other insurance. Where the quality is really good.

Currently, the Government has determined one of the benchmarks of health insurance (not only) through mekanime RBC (the Risk Base Caital). If large numbers of his RBC, this means the company is rated in good condition. But we should not be fixated solely with the RBC numbers. Cause, can also happen to large companies that are conducting massive expansion as it opens up a lot of Branch Office, then the numbers his RBC will definitely small.

Instead, there is a small insurance companies but never expanded, then the numbers his RBC may be much larger.

So, the RBC could not serve as the only measure, whether the insurance company is healthy or not.

In this case that is also noteworthy was the performance of the company in the last two or three years. How big the profit obtained each year, how much gross premiums they receive each year, how much capital and assets every year.

And, just as important is how the company management's behavior during this time. Does the management company for this player? Company management have undergone a tort and others.