All Risk vs TLO Car Insurance: What a Good Insurer Offers
All risk vs TLO insurance is a trade-off between coverage and premium. Whichever you pick, make sure your car insurer meets these claim and add-on needs.
All risk and Total Loss Only (TLO) car insurance each have their own pros and cons. All risk covers a wider range of events but carries a higher premium. TLO, by contrast, offers limited protection, so its premium is lower.
All risk insurance is comprehensive, so its protection goes beyond compensation for a lost vehicle and also covers major and minor damage. TLO also pays out if the car is lost. If the car is damaged, however, it only reimburses repair costs when the repair bill exceeds 75% of the policy value.
You can buy an all risk or TLO policy almost anywhere, because nearly every insurance company offers them. Finding an insurer is not the hard part. What we cover here is the criteria of a professional insurance company.
A professional insurer makes claims easy. Companies like this usually have many branches and an online claim facility, or E-Claim, that applies to both all risk and TLO car insurance. Partner workshops are usually a priority too, so they are easy to find and customers can get repairs done faster.
The smallest details are often the ones such a company pays the most attention to. One example is a tow truck service. If your car suddenly breaks down on a toll road or far from a workshop, you just call the insurer and ask for a tow truck.
The tow truck can belong to the insurer, to a partner workshop, or to a heavy equipment rental company. With a tow truck available for free, your car gets help sooner.
Basic protection, such as compensation for loss and for medical treatment and care costs, is already set out in the Indonesian Motor Vehicle Insurance Standard Policy (PSAKBI). Professional insurers usually offer extended coverage as well.
Extended coverage for all risk and TLO car insurance includes all kinds of natural disasters, such as floods, earthquakes, volcanic eruptions, typhoons, tsunamis, storms and landslides. Extended coverage also pays compensation in the event of riots or civil unrest.
