Auto Insurance Dominate Insurance claims

Accidents and loss of vehicle dominate insurance claims, dominance is considered reasonable because the number of vehicles are quite numerous and increasing from year to year. So when seen in number certainly more than other insurance products. In addition, the vehicle including the vulnerable object of an accident or loss because the vehicle is used for daily mobility by the owner. Unlike stationary objects such as buildings.

Usually auto insurance contract for one year and are renewable. The concerned insurance company will provide compensation according to market prices. For example, for damage caused by accident, then replaced the cost of repairs based on repair costs in general. Of course, also saw the severity of the damage.

As for losing, will be replaced according to the market price of such vehicles today. Auto insurance covers personal or individuals vehicles and property companies and institutions.

Auto insurance claims to reach 70 percent of the total claims during 2010. The remaining claims of property insurance such as fire and flood. Auto insurance claims are due to dominate the composition of the insurance holder is so much more. Currently, public awareness to insure the vehicle is good.

Additionally, 90 percent of auto purchases with credit facilities, while the purchase of credit is usually accompanied with auto insurance. So reasonable if the number of auto insurance dominates, as well as the proposed claim.