Understanding Car Insurance

In Indonesia now the number of motorized vehicles is increasing. It is also realized by insurance companies to issue motor vehicle insurance products for the people of Indonesia. Before you choose a good insurance company for motor vehicles it's good you know in advance the understanding of motor vehicle insurance and the types of losses that are borne by the insurance.

Motor Vehicle Insurance

    The definition of motor vehicle insurance is the coverage of loss or damage to motor vehicles. In principle, the guarantee is against damage to the motor vehicle itself and legal liability for other parties who are harmed when using the vehicle.

Motorized vehicles according to the Road Traffic Law No. 14/192, article 1 paragraph 7 is a vehicle that is driven by technical equipment that is in that vehicle. Wording motor vehicle insurance policies that are used in Indonesia are standard guarantee provisions compiled by the Indonesian Insurance Board and used by all insurance companies operati…