The term in car insurance is a car that you need to know. Many people feel that cars owned must be protected by vehicle insurance. However, not infrequently people who discourage buying insurance because it feels complicated will the process and the agreements listed. In order not to be confused with the terms of insurance, here we give understanding of the terms in the insurance for Premier People no longer confused.
- Adjustable Premium: The insurance company's right to change the premium rate charged to customers due to an updated insurance contract.
- Additional Interest Insured: Premier people whose names are added to the insurance policy so that a car can be on behalf of two insurers. This individual also gets protection from the insurance company with the terms and conditions specified in the policy.
- Annuitant: The policyholder is entitled to receive benefits from the insurance company for a certain period of time.
- Appraisal: Estimation of quantity, quality, and value. In this way, the damage caused by an accident or other cause can be measured to determine its loss.
- Depreciation: Lost or diminished value or difference in the value of an object at different times, generally due to intensive use
- Deductible: The first number of claims not covered by the policy. For example: the total loss of premier people is Rp15 million, while your deductible is Rp10 million, then the insurance company only compensates Rp5 million.
- Insurable Interest: Also called insurance-protected interests, namely the circumstances in which the Premier people are said to have an interest in the object insured, and the premiere people will suffer losses in case of a disaster that caused damage to the object. This financial interest allows premier people to insure property or other premier people's interests.
- Claim: A formal request to an insurance company for compensation or damage to a premier people vehicle in accordance with the terms and conditions of the insurance policy. The validity of this claim is checked by the company then paid to the customer after going through the approval process.
- Clause: An additional part in the insurance policy that deals with a particular problem that is not listed in the main section.