WE Finance, Jakarta - Economic conditions that are still recovering after going through the Covid-19 pandemic and being overshadowed by the issue of a global recession in 2023 have caused Indonesian people to currently refrain from buying new cars. People who have a more realistic need for a car choose to buy a used car.This is in accordance with data from the Association of Indonesian Automotive Industries (Gaikindo) which shows that the used car market in Indonesia has increased since 2018 with total sales of 3.2 million units.In fact, according to OLX Autos data up to 2022, used car sales during the pandemic have increased and experienced an increase of 8%.In this regard, PT Asuransi Allianz Utama Indonesia (Allianz Utama) once again reminded us of the importance of having vehicle protection, including used cars, so that using used cars remains comfortable and safe."Prospective used car buyers need to be aware of the various risks of damage that may occur, both long term and short term," said Head of Personal Lines & Product Development Allianz Utama Indonesia Alwin Jaslim, in a written statement, Tuesday (7/2).Furthermore, Alwin said, even though you have chosen a quality used car, risks while traveling can occur at any time."Starting from the risk of the car breaking down, accidents and crimes that can occur during the trip.

Therefore, second-hand vehicles also need insurance to anticipate these bad things," he said.Currently, almost all insurance companies provide vehicle insurance. Of course, the more choices there are of vehicle insurance products, the more difficult it is to determine which product suits your needs.So that you don't make the wrong choice, here are a number of tips for choosing the right vehicle insurance:1. Get to know the insurance companyOnly insurance companies that have permission from the Financial Services Authority (OJK) can offer their products to the public. For this reason, make sure that vehicle users only choose vehicle insurance that has received permission from the OJK. Apart from that, trace the company's reputation through the company's track record and annual reports.2. Know the types of vehicle insurance with clear informationVehicle insurance provides 2 types of protection to choose from, namely comprehensive and total loss only (TLO). Comprehensive vehicle insurance provides comprehensive protection against all damage, from scratches, dents, broken glass, to loss due to theft. Of course, with the large amount of protection provided, the nominal premium paid is also more expensive.Meanwhile, TLO vehicle insurance has a cheaper premium than comprehensive insurance. However, TLO vehicle insurance only provides protection against serious damage and loss.The serious damage referred to is that the vehicle is seriously damaged as a result of an accident and repairs require costs above 75% of the vehicle's price. Apart from that, sometimes insurance companies also provide coverage extension services, such as risks resulting from riots, natural disasters such as floods, earthquakes, etc.3.

Compare insurance productsEach vehicle insurance product offers different protection. To get a product that suits your needs, compare each vehicle insurance with several important things such as partner workshops, ease of claims, and service features.4. Adjust your needs and budgetJust like deciding to buy a used car, choosing vehicle insurance must also be adjusted to budget availability. Don't force yourself to buy vehicle insurance with high premiums. However, don't be tempted by offers of cheap premiums. The cheaper the premium, the more exclusions that apply to the vehicle insurance product."Seeing the public's need for protection for the vehicles they own, Allianz Utama carries out various continuous innovations. One of them is by developing a product portfolio. We do this to provide insurance protection to more people in Indonesia," concluded Alwin.

Source: https://finance.warta Ekonomi.co.id/read21073/jangan-besar-lahan-oleh-begini-cara-meleksi-bisnis-kendaraan-yang-tepat