All Risk or TLO Car Insurance, What’s the Difference?
Simply put, All Risk car insurance is a policy that covers all types of damage, both partial and total damage. Meanwhile, TLO is a policy that only covers total damage or car repair costs above 75 percent of the car’s current price.
To make it easier, let’s look at the differences between All Risk and TLO types of car damage insurance in the following table:
| Type | All Risk | All Risk |
| Age of the car | Max 12 Years | Max. 15 years – 20 years |
| Suitable for | New car & frequent driving in busy city | Old car or used car |
| Premium costs | Starting from 3.26 percent of the car price | Starting from 0.44 percent of the car price |
| Benefits covered | Partial damage such as scratches, dents, to total damage or even loss. | Damage value is more than 75 percent or lost Car Insurance Questions |
Car Insurance Questions
Here are some tips and frequently asked or searched questions regarding car insurance.
What is combined or combined car insurance?
Combination insurance is a combination of All Risk and TLO which is generally only available when car credit. The way it works is in the first year the car will be covered by All Risk, then in the following year only the TLO type of car insurance.
What is a rider on car insurance?
Extended coverage is an additional benefit or benefit in addition to coverage due to accident or loss. Extended coverage with additional premium:
Vehicle insurance extension guarantee for legal liability towards passengers
Guaranteed expansion of vehicle insurance for flood and hurricane risks
Guaranteed expansion of vehicle insurance for earthquake and tsunami risks
Vehicle insurance extension guarantee for the risk of riots or unrest
Vehicle insurance expansion guarantee against terrorism and sabotage risks
Vehicle insurance extension guarantee for third party legal liability (TPL) risks
Guaranteed expansion of vehicle insurance for the risk of personal accidents for passengers
Does every new car have insurance?
The purchase of a new car on credit includes a car insurance protection package. Its function is to ensure that the function of the car, which during the leasing period is still owned by the bank, is always maintained during the leasing period. The way it works is simple, where the creditor only needs to pay a down payment, then pay the installments for several years.
Car insurance packages from bank credit generally only cover a few years, then you can buy a policy independently according to the wishes of each customer.
How long does the car insurance claim process take?
The insurance claim and repair process
at the workshop generally takes 3 to 5 working days. However, it is again adjusted to the damage to the car and the completeness of the car insurance claim documents.
How to refund premium?
Vehicle insurance premium refunds are usually used when the car changes hands or the insurance application is rejected by the insurance company.
The way to make a disbursement or refund is to contact the relevant vehicle insurance company. Please note, not all vehicle insurance companies allow policy closure. Then, fill out the SPPAKB (Motor Vehicle Insurance Closure Request Letter) form. The form can be obtained through the insurance company’s official website or by visiting their branch office.
If you have already made a claim, the vehicle insurance refund calculation will be reduced by the cost of car repairs.
For example, we buy car insurance with a coverage period of one year or 12 months. Then, we want to withdraw the premium in the third month. The funds that can be refunded or withdrawn are the premiums from the fourth to 12th months minus the administration fee and other fees (depending on the company). If you have ever made a claim, the funds are reduced again by the cost of car repairs.