How Choosing a car insurance is not easy.
Especially in the midst of fierce competition today. Almost all
insurance companies have vehicle insurance products. Stay prospective
customers to choose which one decent take. Therefore below we present
some criteria so that no one choose:
1.
Prospective customers do
not dwell on the cheap premium rates. Because, in today's competition,
many insurance companies slam prices, offers cheap premium rates. Though
not necessarily a guarantee of service.
2.
See the insurance
package offered. For example extensive warranties to how much.
Therefore, extensive collateral should be adjusted with the desire and
ability to prospective customers.
3.
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 did not
wait long to repair the vehicle or vehicles reported missing.
4.
Could
be asked first ease, facility or what added value can be obtained when
purchasing policy in the company. For example, if there is a tow truck,
car replacement or hotline services, mechanic services, ambulances and
so forth. And, last but not least is easy to make changes and the ease
in question.
5.
Consider also the insurance company's bonafides.
Do not get so there is a claim, the workshop did not have a 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 that should be considered in
the process of selecting an insurance company, including in selecting
products. The thing to keep in mind that 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. The financial strength
of insurance related to the company's financial ability to fulfill its
promise if the situation requires. It is important to know, because not a
few insurance companies are looking at the flashy exterior. For example
storey building, a vehicle that good directors. But when there claims
from customers, the company can not pay.
In assessing the financial strength of these there are several benchmarks that need attention.
a.
Assets
and liabilities. This can be seen from the financial balance sheet is
published in the newspaper. See also, whether the investment is planted
in the current or longterm. In terms of liability (ability to pay off
liabilities) will look at the balance sheet, how the debts by
reinsurers, how he fulfilled his obligation to pay claims, and so forth.
Indicators
of net liabilities include 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%. Limit the level of solvency,
as seen from its own capital divided by net premiums of at least 10% and
investment funds technical reserves divided by a minimum of 100%.
b.
Underwriting
Policy. On the balance sheet and annual report will be seen that the
insurance is still a profit, or profit growth. This means underwiting
policy was good.
c.
Underwriters him. Insurance has personnel
qualified or not. It is known from the profile of companies that
includes the underwriters him.
Services (service) is the mirror
the extent to which human resources at the company's qualified or not.
Moreover, 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 felt by the customer. Is this insurance company was
absolutely the best service for its customers.
In this connection
should also be questioned, whether this insurance company in
reinsurance mereasuransikan class safety. This can be seen from its
annual report. It is important to note, because if the company is not
backed up by reinsurance, the company is likely to be speculative in
receiving the premiums.
The issue is how much the costs incurred
by insurance companies in operation. If it is greater than the cost of
income, then obviously the company is not efficient. If it's not
efficient, it will end up losing money. And, if you continually lose
money, certainly not healthy.
In this connection can also see the
price premiums. Compare prices of insurance premiums with other
insurance. Which is really good quality.
Today the government has set
a benchmark of health insurance (not the only one) is through mekanime
RBC (Risk Base Caital). 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 also be a large company that is
doing great expansion like to open many branches, then his RBC numbers
would be small.
Conversely, there is a small insurance company but never to expand, the RBC number was probably much greater.
So, RBC numbers can not be used as the sole measure of whether the insurance company is healthy or not.
In
this case, also noteworthy is the company's performance in two or three
years. How big profits every 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 company's management behavior over the
years. Is there a management company for this broken promise? Has this
company experienced management and other defaults.
Prospective customers do not dwell on the cheap premium rates. Because,
in today’s competition, many insurance companies slam prices, offers
cheap premium rates. Though not necessarily a guarantee of service
See the insurance package offered. For example extensive warranties 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 did
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 purchasing policy in the company. For example, if there is a tow
truck, car replacement 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 the insurance company’s
bonafides. Do not get so there is a claim, the workshop did not have a
partner. Therefore, many insurance companies claim they are the best.
Whereas financial condition was very severe.