How will you protect your valuable assets, such as your favorite house or car? To prevent your assets from all forms of loss, of course, you need special protection, one of which is using insurance services.
Many people think wrongly about insurance. This is evidenced by the existence of several misunderstandings about insurance which are still widely discussed by the public. Not a few customers feel stuck to buy insurance because of the seduction of the agent who is a friend or relative.
In order to avoid things that are detrimental, identify some of the following myths in order to feel the benefits of insurance for your life.
Myth 1: Must Buy Property Insurance Based on Real Estate Market Value
As many as 52% of people think this is true. (Among those who agreed, 45% were women and 55% were men). If your house is located in a densely populated area or even close to each other, of course, there is a high risk of fire because fire spreads easily.
Don't wait until your house is bad for you! Purchase property insurance as early as possible to protect your home and its contents.
So if unexpected things happen such as fire or flood that scorches the whole house, you don't have to worry! The best insurance company in Indonesia will compensate for the loss according to the nominal stated in the policy.
Myth 2: Red Cars Must Have More Expensive Premiums If Insured
46% of people think that this insurance myth is true (among them 52% women, 48% men). They assume that the red car has a high level of speed, so the insurance premium is high if the vehicle is insured.
In fact, the color of the car does not affect the insurance premium rate at all and the best insurance companies in Indonesia do not use it in calculating their premium rates.
Myth 3: Insurers Don't Accept Third Party Indemnity
If you have an accident and cause a big loss to a third party, the insurance company will immediately cancel your policy agreement. Unfortunately, as many as 44% of people think this insurance myth is true (among them 50% women and 50% men).
In fact, as the best insurance company in Indonesia, you will not just cancel the agreement that has been agreed just because you don't want to be responsible for the risks you experience. Unless there are things prohibited in the policy, for example when you have an accident you are under the influence of alcohol.
In fact, most countries in the world have laws that prohibit insurance companies from canceling policy agreements because of claims. However, your insurance can also be canceled at any time if you do not pay the premium.
Myth 4: Small Cars Get the Cheapest Premiums
Just like the previous myth, that the size or color of the car is not a benchmark that can affect the premium rate. However, as 40% of people think this is true (among them 42% women, 48% men).
Small or medium sized SUVs and minivans are often chosen by young people. So, small cars are not necessarily guaranteed to have the cheapest premium rates. Another factor is that small cars have a higher risk of damage, because they do not have a heavy weight like larger vehicles.
Myth 5: All Risk (Comprehensive) Car Insurance Can Cover Any Loss
Actually, not all risks are covered by all risk (comprehensive) car insurance. This type of risk is usually more in the direction of intentional actions or the vehicle owner is aware of his actions which he himself already understands the risks.
An example is an insured vehicle being used to push or pull an object so that the car is scratched. Other risks caused by natural disasters such as floods or earthquakes are also not covered, unless you apply for additional protection from the insurance.
And of course this also affects your premium rates. Unfortunately, as many as 32% still believe this car insurance myth (among them 41% women, 59% men).
Myth 6: The Insurance Covers the Risks Caused by Others in the Insured Car
If you lend your car to a friend or relative and it causes an accident or damage, the best insurance companies will not accept your claim. Usually this provision is listed in your insurance policy overview.
So before your claim is rejected, you should first understand what is covered and what is not covered. 25% believe this misconception (48% women and 52% men).