Choosing an Insurance Policy

Here are some things to consider when choosing an insurance policy for you:

  1. Know your budget to have an insurance.
    Even with USD60 per month you could already have insurance policy including your fixed deposit.
  2. Know the insurance protection that you want.
    Are you at risk to involve in an accident at your workplace or at the road? Are you exposed to critical diseases because of your lifestyle and your imbalance diet?
  3. Know the amount of insurance protection that you want.
    Is your goal is to get high return of benefits after the first 3 years due time, high return of benefits on your retirement day soon or your protection when you retires early or your mandatory retirement and most importantly your hospitalization cost protection?
  4. Know who you should protect.
    Who do you love the most? Youself? Your kids? Or your family?

Contact insurance companies to know what fits you the best.

14-02-2010 by Sorli

category: Insurance Basic

Types of Insurance: Auto Insurance

Auto insurance coverage is an obligation for all vehicles used at road. It is to ensure that drivers are protected against liabilities which should an incident occur. A usual type of auto insurance are the Third Party Policy and Comprehensive Policy. Other protection can be obtained with accordance to the policy holder choice.

What are a Third Party Policy and a Comprehensive Policy?

A Proton Perdana V6 car.

Third Party Policy – if you drive a car and hit a car that belongs to B, under the third party insurance, your insurance company only will be responsible to pay compensation on injury, death of driver B or B car passenger and also to B’s car only.

Comprehensive Policy – If the same thing happens and you hold a comprehensive insurance policy, you are being protected from liability that exist as result of death or limb injury of the driver or passengers and car of B and also damages which occurred on your car. The insurance company will also pay compensation to you if your car is lost, stolen or destroyed due to fire.

08-01-2009 by Sorli

category: Auto Insurance, Insurance Basic