The Best TLO Car Insurance

The Best TLO Car Insurance for 2024

TOTAL Loss Only (TLO) is the best insurance policy for this year. Because, this insurance policy provides protection against large levels of damage caused by risks. The protection system offered by TLO car insurance is guaranteed because there are various expanded coverage features that can be applied, insureka! trusted brand also provides various other attractive offers.

What is TLO Car Insurance?

TLO car insurance is a product that protects you from extremely large costs arising from risks. The financing is triggered when the level of damage that occurs from a risk incident is above 75% of the value of the car. The damage has to have been triggered by an accident.In addition to heavy damage, TLO is also a solution for losses due to theft of the vehicle.

In addition to the level of heavy damage, TLO is also a solution for cost losses due to the loss of the car unit. The loss of this car was due to theft.

Why You Should Buy a TLO Car Insurance Policy?

TLO car insurance is the best solution for large losses caused by risks. This insurance policy has various advantages, namely:

1. TLO bears the financing for damage to the car with a repair value of more than 75% of the unit price tag at that time.
2. This insurance policy applies to both new and second-hand cars with an age range of up to 15 years.
3. The insurance premium rate starts at just 0.44% of the value of the car.
4. TLO is an ideal protection system for those on a budget.

The Difference Between TLO and All Risk Car Insurance?

The TLO insurance policy from insureka! offers a variety of plus points. TLO Insurance bears risks with a value of over 75% of the unit price of the car. This policy can be applied to new cars, as well as those that are older.

The All Risk insurance policy, on the other hand, covers minor to major damage, including the loss of the unit. Because All Risk protects against more types of damage, there will be a higher premium. Additionally, it can only protect cars up to 12 years old. This policy is ideal for customers who have a larger portion of the budget for insurance.

Why do consumers choose car insurance from Insureka?

insureka! It has indeed become a trusted brand among the public that has been validated through various awards. The public's high interest in the trusted brand insureka! cannot be separated from the superior systems and products it offers. insureka! system built digitally with a fast, easy process and with an independent survey. Transactions are transparent and accountable. Its legality is also guaranteed because it is registered and supervised by the Financial Services Authority (OJK).

The products offered by insureka! very complete. Apart from TLO car insurance, there are also Comprehensive Premium, Comprehensive Basic, Catastrophic Policy and Hybrid Protection products. More, insureka! also offers affordable premiums with a 25% discount and also gets attractive benefits from its partners.

What are the Requirements for Buying Car Insurance?

The costs of TLO car insurance from insureka! are very affordable, and based on OJK regulation Number 6/SEOJK.05/2017. The lower threshold for the premium is 0.44% of the price of the car. The premium threshold is 0.69% of the unit price. In general, the calculation of TLO car insurance costs or the premium price is the premium percentage multiplied by the car price.

The TLO car insurance premium percentage is further divided based on region. Region 1 covers Sumatra and its surroundings. Region 2 includes Jakarta, Banten and West Java. Region 3 is located in Central Java, East Java, Bali, Kalimantan, Sulawesi, Nusa Tenggara and Papua. The details of the Premium Percentage estimate by region are as follows:

TLO Car Insurance Premium Calculator

To provide a clearer picture, customers can simulate calculating TLO car insurance premiums. The description of the calculation simulation is as follows, namely:

Car Price: IDR 100,000,000 (example).

Registered Car Region: Jakarta.

Select Protection Type: TLO.

For TLO Insurance Premium Offers are:

1. Premiums start from: IDR 650,000 per year.
2. Monthly Premium: IDR 54,166 per month.

How To Renew Car Insurance Online?

To renew your TLO car insurance policy online is very easy. The process is the same as when registering or making an initial purchase. Customers visit the insureka! website or application. If the update is made before the expiration date, there is no need to upload documents. Uploading documents must be done if the renewal is carried out after the policy expiration date.

How to Claim TLO Car Insurance Online?

It is very easy to claim TLO insurance. Claims can be made if the loss due to risk is above 75% of the price of the car.When making a claim, you must make sure to have certain documents, such as the original BPKB, original STNK, and original ignition key. You should also prepare a Police Letter, Kadit Serse Letter, STNK Blocking Letter, and photocopies of your KTP and SIM.

The claim disbursement process takes a maximum of 14 working days. Disbursement is done after the documents are uploaded in full. During the claim disbursement process, the customer must take into account Own Risk (OR) by calculating 5% of the sum insured. OR will be deducted from the amount that is paid to you.