Know barbados non-life insurance and its types
Know Indonesian non-life insurance and its types
It is no longer a luxury and insurance products are now part of the needs of humans, including Indonesian people. In addition, insurance has the role of providing protection.
From protection from property loss due to disasters, accidents and serious illnesses to uncertain events and risks in life. You need to know the types of insurance such as life insurance, health insurance, and "insurance" yourself.
Education ", right?
However, in addition to the above three types of insurance, there are several other types of non-life insurance, and owning them is not so important. However, of course, depending on your situation and needs, you can purchase the following types of non-life insurance.
What is non-life insurance?
Before we know the types of non-life insurance, let's first look at the meaning of the following non-life insurance.
General non-life insurance or so-called non-life insurance is insurance that can provide benefits in the form of compensation to the insured in the event of damage, loss or loss of property.
Now, by taking out non-life insurance, you can avoid or minimize the loss if you have the risks mentioned above.
So do you know what non-life insurance means? Yes, it's different from life insurance, health, and education. Now, for those who are interested in any type of non-life insurance, let's become familiar with some of these types of non-life insurance.
Types of non-life insurance
1. Fire insurance
The first type of non-life insurance that also exists in Indonesia is fire insurance or fire insurance. This general insurance product can protect against the risk of fire.
In addition, fire insurance is commonly used to protect your home from the potential and risks of fire caused by:
-Small and large flames are accidental and generally difficult to control
-Lightning strike
-Electrical short circuit
- others
Fire insurance, as well as private homes, can help protect your company. The reason is that apart from your home, you can also use fire insurance to supply industrial materials from your warehouse, shophouse, or other immovable property, office, factory, or warehouse.
2. Automobile insurance (automobile insurance)
The next type of non-life insurance is automobile insurance (automobile insurance). This insurance product is a type of non-life insurance that protects the form of compensation if both the motorcycle and the vehicle are damaged or lost.
Although it is electric, if the car does not have a license plate number, the loss due to damage or loss will not be covered by automobile insurance.
There are at least two types of automobile insurance today, and they are generally offered by many insurance companies.
-All risks / comprehensive
This type of all-risk insurance can protect against loss and/or damage to vehicles and/or profits caused by collisions, collisions, falls, slips falls, malicious acts, theft, fire, and ferry transport. increase.
-Total loss only (TLO)
TLO type automobile insurance is a type of vehicle protection and has the same conditions as all-risk or comprehensive. However, this benefit only occurs if the vehicle loss or damage reaches 75% of the market price of the dependent vehicle.
