If you buy a new motorcycle or car on credit, you will be given various requirements plus additional fees. These additional costs include the cost of vehicle insurance, and some companies may provide life insurance facilities. But there are still many people who think that insurance payment is only a burden for them. In fact, many people prefer to pay cash to avoid paying for vehicle insurance.
A cash or credit payment is fine if it depends on your financial capability. But registering for vehicle insurance is a better option for you. You'll never know what will happen to the vehicle that you have just bought. It could be exposed to risk because of laziness and negligence and may end up being lost. The risk could lead to severe damage due to an accident or any other possible reason. The existence of vehicle insurance will protect your vehicle from the risk of loss or damage and will make you feel comfortable and safe while driving.
The process of claiming insurance due to loss or damage is easy. First, you need to report to the police and ask for a document copy stating the loss of your vehicle. Then, report to the insurance company by preparing documents such as the original BPKB, motorbike purchase invoice, photocopy of ID card, driver's license, insurance policy, information on motor vehicle loss from the police as well as several blank receipts with corresponding denominations. The insurance officer will check all documents, insurance policies, examine reports, check the crime scene and interview witnesses or the police. This process will take 30 business days.
If the documents are complete, the insurance company will conclude that your file is true of motor vehicle theft. The value of the premium loss will not be paid amounting to the beginning value of the vehicle, because the value of the vehicle depreciates in time. But you don't have to worry regarding the cost of loss or damage caused by misfortune since it will be covered by the insurance company. Vehicle insurance will certainly be of great help to you.
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