Choosing the Right Loss Insurance Products
There are several things that must be considered when determining the insurance product that will be used by yourself or the company where you work. Here are some tips on how to choose the right loss insurance product.
# Separate objects / items based on economic calculations
Choose items that are deemed necessary to be insured so that you will not lose in the future. For example, if you want to take out fire insurance for a house and its furniture, it is not necessary to include the computer and its accessories in the calculation. This is because the recovery value for a computer company is very low when compared to the value when purchasing a computer or when it will be insured.
# Identification of objects / items clearly
It is advisable to first identify the goods / objects to be insured. For example, in a garment factory with owned machinery, generators and other equipment that is still associated with factory production activities.
# Choose an insurance company with a good reputation
Do not be easily fooled by offering a low premium rate from a particular insurance company. If you get fooled, then it is feared that the insurance company will not be able to settle claims when you submit a claim against the insurance company.
# Provide information / information clearly
It is recommended to provide very clear information about the object / item to be insured. In addition, look for complete information about insurance products offered. You can ask about the type of insurance, the premium rate, the area of the guarantee, the amount to be paid and the claim procedure.
# Good insurance coverage
You should choose the insurance with the most extensive guarantee before the insurance company issues the policy. For example, choose cover property all risks for building property insurance, or cover all risks for motor vehicle insurance.
# Choose an insurance product package
It is recommended to choose one insurance package at a time rather than choosing just one insurance product, this way you will get better service and discount facilities.
# Choose the First Loss Insurance system
If you have an insurance object with a very large value, it is recommended to use the first loss insurance system from the insurance. This is so that the premium you have to pay does not become too large.
# System Adjustable Policy
The amount or value of merchandise stock insurance in general will show a different volume every day and every month. To overcome this, you can choose an adjustable policy system so that you will pay a premium based on the transaction or volume that you have done.
# Be careful and ask questions
It is recommended to always read carefully all policy statements and their articles. You can also ask about the complete claim procedure before agreeing to issue an insurance policy. If there is an error in writing, it is better to immediately notify the insurance so they will publish improvements to the policy.