For most people, owning a private vehicle is a mandatory thing, where the vehicle will be used as the main means of transportation in carrying out various daily activities. This is what then makes the number of vehicle ownership in Indonesia quite high, especially for two-wheeled vehicles or motorcycles.
Buying a motorbike is not an easy thing for everyone to do, because this will require a large amount of funds and can even reach tens of millions of rupiah. That way, it can be said that the motorbike is one of the assets that has a high value and must be protected by using insurance.
The use of insurance for vehicles is a very important thing to do, because this will help you to protect and avoid various kinds of risks of loss that may arise in the future. But in fact, there are a lot of people who do not use insurance on their vehicles, this is due to the lack of concern and concern of these people in the vehicles they own.
Choosing Motor Insurance
By insuring the motorbike, you can feel comfortable and far from worrying about various kinds of losses or loss of the vehicle because you have protection against all kinds of risks that can occur at any time.
If you buy a motorbike by way of credit, then in general the leasing party has included insurance in the purchase you make, it aims to protect all parties involved in the purchase if at any time unwanted things happen to the motorbike.
Currently there are many insurance companies that provide motor insurance services, you only need to be careful in choosing the best and most appropriate for your needs, because after all, a motorbike is an asset with a high value that needs to be protected. Before deciding to use the services of an insurance company for your motorbike.
1. Adjust to Your Needs
When deciding to use a motorbike insurance service, then the first thing you should do is to know exactly what exactly is the type of insurance needed by your motorbike. This of course must be adjusted to the condition of the motor as a whole, such as: age, type, and economic value contained in it.
That way, you can easily determine the type of protection you will use. There are two types of vehicle insurance that you can choose from, namely:
Combined Insurance (comprehensive)
This is a type of insurance service that covers almost all damage suffered by the vehicle, be it the risks arising from small or large accidents that occur to your vehicle.
Total Lost Only (TLO) Insurance
This type of insurance will only protect the vehicle due to an accident that results in damage above 75% or the risk of losing the vehicle due to theft or embezzlement.
Basically, the two types of insurance above have their own advantages and disadvantages, for that you must be really observant in choosing one of the two. In addition to the types, there will be some exceptions and special conditions that you can usually find in the insurance policy, for that you must really understand the contents of the policy you are going to use.
2. Calculate Premiums and Claims That Can Be Done
It will be very important to know the amount of insurance premiums that you have to pay, so that you have an idea of the benefits and costs you will spend on this. Below is an example of calculating premiums and replacing lost motorcycle insurance claims, be it in All Risk or TLO insurance:
The amount of insurance premium: 2.5%
Price on the road vehicle : Rp 30 million
Administration fee : Rp30.000,-
The formula used to determine the amount of premium is as follows:
Premium amount x price on the road (OTR) motorbike + administrative duty
(2.5% x IDR 30,000,000) + IDR 30,000 = IDR 780,000
(*motor vehicle insurance premiums are usually charged per year. However, in the purchase of credit there is an exception, where the premium is adjusted to the credit period)
Another thing that is no less important to calculate is the claim value that you can get from the insurance company you use, here is the claim value that will be paid by the insurance company:
Motor OTR price – (depreciation value per year x motor OTR price):
IDR 30,000,000 - (10% X IDR 30,000,000) = IDR 27,000,000
3. Adjust to Finances
After knowing the amount of premiums and benefits that you will get for using motorbike insurance, then another thing you should consider is about the financial ability to pay the premium. Do not force yourself to take out insurance with a fairly high amount of premiums, where this action can interfere with other expenditure items in your finances.
4. Consider Dealer Recommendations
When you buy a vehicle, usually the dealer will also provide recommendations about insurance companies that you can use. In general, dealers will provide recommendations for a good and trustworthy insurance company. But this certainly comes back to you, if it turns out that you are not so sure of the recommendations from the dealer, then it never hurts to find and find for yourself an insurance company that is most appropriate for you to use.
5. See the Company's Credibility
There are many insurance companies, meaning there are many options that you can consider. Choose an insurance company that has a good reputation and credibility, you can see from the performance and the way they serve claims from their customers.
You can find various information about this insurance company through the internet, or you can also ask for recommendations from friends or relatives who have previously used the services of a vehicle insurance company. You can also do this by checking the ratio of claim settlements made by the company, that way you can see the performance directly from the insurance company to be used.
6. Features of the Services Provided
This is also one of the very important things to consider, because you certainly don't want to choose a company that has limited and not optimal services. It is important to ensure that the company has a 24-hour hotline service, towing cars, ambulances, and various other services that you may need at any time if you experience a disaster or unwanted things on the streets.
Basically, these various features may not be in the standard motorbike insurance service you use, so their use will increase the amount of premiums you have to pay. For that, you should pay attention and use only the features that you really need, so that the amount of premium can be reduced as lightly as possible.
7. Associate Workshop
Choose an insurance company that has many partner workshops and is easily accessible if at any time you need it. This will make it easier for you and save a lot of time and costs when you are going to make repairs to your motorbike. The more partner workshops of an insurance company, the easier it will be for you to get services and claims for your vehicle that needs repairs. So make sure you use the services of an insurance company that has many partner workshops.
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