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Tuesday, 19 July 2016

Car Insurance Premium Rates : All Risk & Total Lost Only (TLO)


INSURANCE CAR
Car Insurance Premium Rates - In general , every insurance company offers two types of protection as the Comprehensive ( All Risk ) and Total Lost Only ( TLO ) . Comprehensive ( All Risk ) is a compensation by the insurance company over the loss of some or all of the car due to falling objects , fire , malicious acts , theft , robbery, collision , collision or other traffic accidents . Meanwhile , Total Lost Only ( TLO ) is the indemnity companies will only be granted if the car is totally destroyed or above 75 % .

However , there are things that distinguish one insurance company's products by other companies .
What ? That issue premiums offered by the respective companies . To be clear , the following differences.

Car Insurance Premium Rates
Non Truck
All Risk
TLO
$0 – $10000
3,00%
0,80%
$10000 – $15000
2,50%
0,80%
$15000 – $30000
2,00%
0,80%
$30000 – $50000
1,75%
0,80%
$50000 – $80000
1,50%
0,80%
>$80000
1,50%
0,80%
Truck
2,50%
0,90%

Extended warranties
Extended warrantie
Risk
Premium
All Risk
TLO
Tsunami and earthquake
0,15
0,05
flood
0,35
0,13
riots
0,35
0,13
Terorime and sabotage
0,15
0,05

calculation
For example , you have a car with Etios brand VALCO with an estimated price of USD 13,550.00 .
You will insure the car by selecting the All Risk protection from ACA and the additional expansion of
collateral floods , riots , and sabotage. 
Meanwhile , the amount of premium you will pay are as follows :

Valco Etios car prices = USD 13,550.00
pure premium : 13,550 x 2,50% = 338.75
 
expansion :
flooding :                               13,550 x 0,35% = 47,425
riot :                                       13,550 x 0,35% = 47,425
sabotage :                              13,550 x 0,15% = 20,325
                                              -----------------------------------------+
premiums are paid annually                            $115,175
 
 
Good Luck
 
 

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