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Posts tagged Insurance
Car Insurance Rates, Insurance Companies, and Premiums
Dec 30th
There are many factors that have an impact on car insurance rates. If you’re just looking for standard coverage, which is required in any state, to find such coverage is not difficult.
First you must determine how much you’re willing to pay for auto insurance, determine what coverage you need. Just the cost of auto insurance depends on the brand of car, age of car, driver’s record, etc.
Other equally important factors is your place of residence, region, state how many miles per day or month you pass, where to put your car in the parking lot.
If you need insurance more than the proposed standard insurance policies, then you need to search for insurance quotes from different insurance companies compete for your business and for each client.
If you are not confident in your driving, then add a policy collision coverage or personal injury coverage. If you live in the criminal area, buy a theft coverage.
Car depreciates immediately after purchase from a dealer, so if you need the value of your car, then add GAP auto insurance in your policy.
Choose the right supplier of auto insurance. For this you need to conduct a study of reviews on the Internet or you can ask your friends, acquaintances or relatives who have insurance coverage. Check the financial stability of insurance companies across the ratings of quality.
Choose the best company with good reputation and rating to get affordable auto insurance.
Insurance in Indonesia
Sep 14th
Joint Venture Insurance Companies
There are several joint venture general insurance companies in Indonesia, in affiliation and partnership with reputable European, North American and Japanese insurance firms. When it comes to choosing an insurance company, the issue is usually trust – and who you feel comfortable dealing with. So a trusted company from your home country with familiar policy structures and claims procedures may be easier to deal with. Some Joint venture general insurance companies in Indonesia also offer reliable medical insurance. All of them offer traveler’s, homeowners’ and household insurance, personal liability insurance and – , car/motor vehicle (third party, own damage, personal accident driver/passenger) and life insurance – with terms you can understand (wordings of insurance policies in Bahasa Indonesia and in English).
Home Country Insurance
Ask your insurance company in your home country what coverage they offer during your stay overseas, as well as during travel to and from your new posting and on business trips. For example, you may assume that your homeowners policy will cover you no matter where you live, but in actuality, there may be many situations that are not covered by your home country insurance policy during your stay overseas. Also, there are always complications in processing claims, if overseas-based companies have no one to investigate locally.
Regardless of possible insurance coverages in your home country we advise you to locally purchase insurance protections for your property (if you own it), your household, your car(s), your personal liability and your domestic staff. Whereas for your medical insurance policy in your home country, you might already have sufficient coverage.
Insurance for your employees
If you are working for a multinational firm in Indonesia, you can also ensure protection for your employees – through group policies for health, life and personal accident. Often these medical schemes are good selling points in encouraging competent Indonesian staff to join your firm. These joint venture general insurance firms can also manage an internal insurance scheme, if you’d prefer to keep it all in-house. The government accident insurance scheme, Jamsostek, covers employee accident, death, old age and health care. Portions of the premium are paid by the company and the employee. This scheme is obligatory for companies with more than 10 employees and a payroll of more than Rp 1,000,000/month. More >