How to Avoid Surprise Costs During the Home Renovation
Embarking on a home remodel can be messy, expensive, inconvenient and at times pull-your-hair-out frustrating. The last thing you want is a higher price tag than your contractor's initial bid. So, how do you keep your sanity and your pocket change while remodeling your home?
1. Renovation gradually and according to your budget
2. If you need handyman services, calculate carefully for the payment
3. You can choose second hand materials with good quality
4. Diligently look for discount materials to build a house
5. If there is something you can do independently, do it yourself
6. Choose a minimalist concept, to be efficient and simple
Protect your home with Home Insurance from Sahabat Insurance, call 021-50508080 for more info!
vehicle insurance terms
Often confused to see the term vehicle insurance? Don't worry, Friends of Insurance are ready to help with terms that are often used in Vehicle Insurance.
You may have heard this term many times, but do you really know the meaning behind it? Policy and insurance policy have almost the same meaning, an insurance policy is an agreement or agreement between the policyholder and the insurance company to perform obligations such as loss or damage protection that has been agreed by both parties.
A word you will also hear often is premium. In short, the premium is the value or nominal payment agreed by the policyholder with the insurance company. The amount of premium to be paid will also be listed on your vehicle insurance policy.
Simply put, the price of coverage is the purchase price of a motor vehicle when you make an insurance policy. This purchase price will be listed in the policy and will later become the maximum limit of the liability value of the insurance company if you make a claim at any time.
Total Loss Only or TLO
Well, this one term is very closely related to car insurance. Total Loss Only or TLO is one of the most common types of vehicle insurance in Indonesia. If you choose Total Loss Only motor vehicle insurance, it means that in the event of a loss or damage the insurance will provide repair or replacement costs of only 75%.
Just like the term TLO, all risk is also related to the type of insurance you can choose for your vehicle. The difference between the two is that all risk insurance will accept all claims for loss or damage to a motorbike or car up to 100%.
Deductible or Own Risk
Deductible, own risk, or own risk have the same meaning, namely the value that becomes your burden for each damage or loss that occurs. This burden or value is usually calculated from the amount of compensation to be paid. As a policyholder you must really pay attention to these details in the insurance policy purchased.
TJH III or Third Party Legal Liability
In simple terms, TJH III talks about the liability guarantee that will be given by the insurance party to a third party if the insured vehicle suffers a loss or damage. You can ask the insurance party for points regarding Third Party Legal Liability when making a policy.
At least you need to understand the terms mentioned above, besides that, pay attention to the points that talk about losses caused by natural disasters, riots or acts of terrorism. Don't forget to read the motor vehicle insurance policy in full and in detail so that you know exactly what protection you have.
If you still want to find out more details or complete information about vehicle insurance, you can find all the information at www.sahabatinsurance.id or call 021-50508080.
11th Anniversary Sahabat Insurance
PT Asuransi Sahabat Artha Proteksi (Sahabat Insurance) was formerly known as PT Bess Central Insurance and has been established since September 4, 1996, at the time named as PT AIOI Indonesia. On March 25, 2011, PT Asuransi Central Asia took over all shares from PT AIOI Indonesia who carried out the merger and transferred its assets and liabilities to PT Asuransi MSIG Indonesia.
New shareholders entered along with PT Asuransi Central Asia. In conjunction with the change in the shareholders structure, it was decided that PT AIOI Indonesia to change its name to PT Bess Central Insurance on May 26, 2011, after obtaining the Decree of the Minister of Finance Number KEP- 420/KM.10/2011.
The single presence policy regulation released by Otoritas Jasa Keuangan in 2018 states that the primary entity in the insurance industry may only hold one life insurance or general insurance company. The primary entity is required to merge or divesting shares if there is more than one life insurance or general insurance company. On this basis, PT Asuransi Central Asia decided to transfer its share ownership in the company, accompanied by several new shareholders in early 2020.
For this reason, the company decided to change its name to PT Asuransi Sahabat Artha Proteksi as stated in the Board of Commissioners Regulation from Otoritas Jasa Keuangan Number KEP-131/NB.11/2020 on March 31, 2020.
Tas hilang saat travelling! Apa saja yang harus dilakukan?
You’ve just gotten off the plane and you’re in a new country, ready for an amazing vacation! But time passes and the bags from your flight is missing. Do not panic. Here are the steps you must take if you lose your items while on vacation abroad:
Report to the nearest police station
Immediately report it to the nearest police station. Although the item may not necessarily be found, at least you will get a loss certificate which of course you really need for an insurance claim.
Come to the Embassy of the Republic of Indonesia (KBRI)
If the lost item is a passport, immediately go to the local Indonesian Embassy (KBRI) or the local Consulate General of the Republic of Indonesia (KJRI) to arrange for making a Passport-like Travel Letter (SPLP) as a passport replacement.
The next step is to make a claim to the insurance. Contact Travel Insurance Sahabat Insurance and prepare the required documents, including: boarding pass/ticket, passport, loss certificate from the police, receipt of the claimed item (if not available, then include information on the type of item and the price of the item claimed), Travel Letter Like a passport and receipt for making a new passport if the lost passport is. Documents that must be completed may vary depending on your claim needs. Immediately complete the documents requested by the insurance so that you can get an insurance claim quickly.
For Travel Insurance, please call Sahabat Insurance 021-50508080.