Choosing a
car insurance is not easy. Especially in the midst of intense competition today. Almost all
insurance companies have
vehicle insurance products. Staying prospective customers choose which ones deserve to take. Therefore below we present some criteria in order not to incorrectly selected:
1.
Prospective customers do not dwell on the premium rates low. Because, in today's competition, many
insurance companies slam prices, offers cheap premium rates. Though not necessarily a guarantee of service.
2.
See offer
insurance packages. For example extensive collateral to how much. Because this area of security should be adjusted to the desire and ability to prospective customers.
3.
See also the network of the
insurance company 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.
4.
Could be asked first ease, facility, or what added value can be obtained when buying the policy in the company. For example, if there was a tow truck, a replacement car or a hotline service, mechanic services, ambulances and so forth. And, last but not least is easy to make changes and the facility in question.
5.
Consider also bonafiditas
insurance companies. 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 bad.
In addition to the above, there are several factors that should be considered in the process of selecting an
insurance company included in selecting products. Things to remember that in choosing a private
insurance company, then that should be considered in general are three factors.
First, the financial strength (security). Second, services (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 this there are some 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 planted in the current investment or longterm. In terms of liability (ability to pay off liabilities) will look at the balance sheet, how the debts by reasuradur, how he fulfilled the 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%. Own capital divided `` gross premiums (gross premiums) of at least 20%. Limits solvabilitasnya level, which looks from its own capital divided by net premiums of at least 10% and investment funds a minimum technical reserves divided by 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 that his policy underwiting good.
c.
Its underwriters.
Insurance has personnel qualified or not. It is known from the profile companies that includes the underwriters him.
Services (service) is the extent to which the mirror of 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 first-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 problem is how much the cost of expenses 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, could also see the price premiums. Compare the price of
insurance premiums with other
insurance. Where the quality really good.
Today the government has set a benchmark of health
insurance (not the only one) is through mekanime RBC (Risk Base Caital). If his numbers of RBC, it means the company is valued in good condition. But we must not be fixed solely with RBC numbers. Because, can 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.
Thus, RBC numbers can not be used as the only measure, 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 the 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 for this. Is there a management company for this broken promise? Has this company experienced management and other defaults.
Source : translated from the
insurance-mobil.com (Excerpted from multiple sources)
