Berbagi Informasi: Choose Auto Insurance

Choosing auto insurance is not easy. Especially in the midst of stiff competition today. Almost all insurance companies have vehicle insurance products. Stay prospective customers to choose which ones deserve. Therefore, below we present some criteria so that there is no select:

Prospective customers do not dwell on the cheap premium rates. Because, in the current competition, insurance companies slam prices, offers cheap premium rates. Though not necessarily a guarantee of service.
See the insurance package offered. For example extensive collateral to how much. Therefore, extensive collateral should be adjusted with the desire and ability to prospective customers.
See also the network of insurance companies concerned. For example how many have a branch office or how many partners have a garage, so that there is a claim not wait long to repair the vehicle or vehicles reported missing.
Could be asked first ease, facility, or what added value can be obtained when buying the policy in the company. For example, if there is a tow truck, a replacement car or hotline services, mechanic services, ambulances and so forth. And, last but not least is easy to make changes and the ease in question.
Consider also benefices insurance companies. Do not get so there is a claim, the workshop has no partner. Therefore, many insurance companies claim they are the best. Whereas financial condition was very severe.

In addition to those mentioned above, there are several factors to consider in the process of selecting an insurance company included in choosing the product. Things to remember in choosing a private insurance company, then that should be considered in general are the three factors. First, the financial strength (security). Second, the service (service). And third, the cost or burden. Financial strength of insurance related to the company’s financial ability to fulfill its promise if the situation requires. It is important to note, not least because insurance companies are looking at the flashy exterior. For example storey building, a vehicle that good directors. But when there are claims from customers, the company can’t pay.

In assessing the financial strength of these there are several benchmarks that need attention.

Assets and liabilities. It can be seen from the balance sheet is published in the newspaper. See also, whether the investment is planted in the current or long-term. In terms of liability (the ability to pay off liabilities) will look at the balance sheet, how the debts to the reinsurer, how he fulfilled his obligation to pay claims, and so on. Indicators liabilities include net equity (own capital) divided by net premiums “ (net premiums) of at least 50%. Capital is divided into “ gross premiums (gross premiums) of at least 20%. Solvency margin level, as seen from its own capital divided by net premiums and reserves of at least 10% of technical investment fund divided by a minimum of 100%.
Underwriting Policy. On the balance sheet and annual report will be seen that the insurance is still a profit, or profit growth. This means it is good policy underwriting.
Underwriters him. Insurance has personnel qualified or not. It is known from the profile companies that includes the underwriters him.

Services (service) are the extent to which mirror human resources at the company’s qualified or not. In addition, insurance companies are selling a service, so excellent service is the key. For example, the extent to which the speed of service in both the policy issue especially in the payment of compensation or claim. In addition, about the service can actually be perceived by customers. Is the insurance company is really the best services for its customers. In this connection it should also be questioned, whether the insurance company insuring the safety of reinsurance classes. It can be seen from the annual report. It is important to note, because if the company is not supported by reinsurance, the company is likely to be speculative in receiving the premiums.

The problem is how much the cost incurred by insurance companies in operation. If greater than the cost of income, then obviously the company is inefficient. If in efficient, will end up losing money. And, if you continually lose money, certainly not healthy. In this connection, could also see the price premiums. Compare the price of insurance premiums with other insurance. Where quality is really good. Currently the government has set a benchmark of health insurance (not only) is through the mechanism of RBC (Risk Capital Base). If the RBC number was large, this means the company is valued in good condition. But we should not be fixated solely with RBC numbers. Therefore, it could be a large company that is doing great expansion like to open many branch, his RBC numbers would be small.

Thus, RBC numbers can’t be used as the sole measure of whether the insurance company is healthy or not. In this case, also noteworthy is the performance of the company within two or three years. How much profit each year, how much gross premiums they receive each year, how much additional capital and assets every year. And, last but not least is how the behavior of corporate management over the years. Is there a management company for this broken promise? Is this the default management company with experiences and other.

Berbagi Informasi

Choose Auto Insurance

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