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Insurance is a term used to refer to an action, system, or business where financial protection (or financial compensation) for the soul, property, health and so forth get a replacement from unpredictable events that can occur such as death, loss , damage or illness, which involves paying premiums regularly within a certain period of time instead of a policy that guarantees such protection.




The term “insured” usually refers to everything that gets protection.

Basic Insurance Principles

In the insurance world there are 6 basic principles that must be met, namely:

• Insurable interest, namely the right to insure, arising from a financial relationship, between the insured and the insured and legally recognized.

• Utmost good faith, which is an action to disclose accurately and completely, all material (material fact) facts about something that will be insured whether requested or not. The meaning is: the insurer must honestly explain clearly everything about the extent of the terms / conditions of insurance and the insured must also provide clear and correct information on the object or interest insured.

• Proximate cause, which is an active, efficient cause that causes a chain of events that results in an effect without the intervention of one who starts and actively from new and independent sources.

• Indemnity, which is a mechanism by which the insurer provides financial compensation in an effort to place the insured in the financial position he had just before the loss occurred (KUHD article 252, 253 and affirmed in article 278).

• Subrogation, namely the transfer of claim rights from the insured to the insurer after the claim is paid.

• Contribution, which is the right of the guarantor to invite other guarantor who both bear, but do not have the same obligation to the insured to participate in providing indemnity.

Type of Insurance

1. Life Insurance

This type of insurance is known to provide financial benefits to the insured for his death. The payment system for this type of life insurance varies. There are insurance companies that provide payment after death and others can allow the insured to claim funds before his death.

Life insurance can be purchased for self-interest and on behalf of the insured alone or purchased for the benefit of a third person. Even life insurance is also known to be bought in other people’s lives. As an illustration, suppose a husband can buy life insurance that will provide benefits to him after the wife’s death. Parents can also insure themselves against the child’s death.

2. Health Insurance

This type of insurance is also quite well known by the people of Indonesia. Health insurance is an insurance product that handles the health problems of the insured because of an illness and covers the cost of the treatment process. Generally, the cause of the insured’s illness which can be borne by the insurance company is injury, disability, illness, until death due to accident.

Health insurance is also known to be bought for the benefit of the insured or the interests of a third person. Private health insurance companies such as Prudential, Allianz, AIA, Cigna, and Manulife are among the big names that provide a variety of insurance products to suit the needs of the Indonesian people and are widespread throughout the world.

3. Vehicle Insurance

The most popular vehicle insurance in Indonesia is a type of car insurance that focuses on injury coverage to other people or against damage to other people’s vehicles caused by the insured. This insurance can also pay for the loss or damage to the insured motor vehicle.

Vehicle insurance is one of the general insurance products. This type of insurance had become a boom when the riots broke out in May 1998 because the incident made people’s interest in protection ownership for private vehicles increase dramatically.

The financial site Cermati.com has partnered with well-known insurance companies in Indonesia so you as a customer can compare the best car insurance products with low rates.



4. Education insurance

Dizziness with children’s education costs? This type of insurance will help you overcome. Education insurance is the best alternative and a solution to ensure a better life, especially in children’s education assets. The cost of the premium that must be paid by the insured to the insurance company varies according to the level of education to be obtained later. Understanding the importance of using education insurance for children is now a matter of concern for parents. The high cost of education and other conditions that exacerbate the economy such as the weakening of our currency against the US dollar affect the cost of education for children later. Realizing that this clearly will burden parents, it is not uncommon for parents now to choose to have education insurance. So, education insurance can be classified as the types of priority insurance too, right? You will certainly be helped in taking care of the child’s future.

5. Travel insurance

Maybe for those of you who often travel or travel are familiar with this type of insurance. The various types of insurance also create a variety of protection for travelers. Overall, the function of travel insurance is not much different from the ordinary insurance function as a form of protection for customers with a short period of time that is for the premium buyer to travel until returning home. Benefits and protection that will be gained from having travel insurance include obtaining protection and coverage for accidents that affect premium buyers, personal accident benefits, dependents for emergency medical expenses, repatriation of bodies, medical evacuation, to protection of luggage that has a risk of being lost. or damaged.

6. Business insurance

For those of you who have a business field, this type of insurance is important to consider. In addition to the types of insurance that involve individual protection, insurance that protects businesses is also needed. Business insurance is a protection service against damage, loss and loss in a large amount that may occur in one’s business. This insurance provides compensation for damage caused by fire, explosion, earthquake, lightning, flood, hurricane, rain, collision, until riots. Insurance companies usually offer a variety of benefits from business insurance such as protection of employees as business assets, investment and business protection, comprehensive life insurance for all employees, to health insurance protection packages for employees.

Advantages of Insurance Companies

Insurance companies also benefit from investment. This is obtained from the investment premium received until they have to pay the claim. This money is called “float”
Insurers can get profit or loss from float price changes and also interest rates or dividends in float. In the United States, property losses and deaths recorded by insurance companies were US $ 142.3 billion in the five years ended 2003. But total profits in the same period were US $ 68.4 billion, as a result of the float.

Insurance Refusal

Some people consider insurance to be a form of betting that applies during the policy period. The insurance company bet that the buyer’s property will not be lost when the buyer pays the money. The difference in fees paid to insurance companies against the amount they can receive if an accident occurs is almost the same as if someone bet on horse racing (for example, 10 to 1). For this reason, some religious groups including the Amish avoid insurance and depend on the support received by their community when disaster occurs. In communities where close and supportive relationships where people can help each other to rebuild lost property, this plan can work. Most people cannot effectively support the system as above and this system will not work for big risks.






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41 Replies to “Uber Insurance Coverage | Got in a Accident | My Insurances Info”

  1. I got in an accident this morning with a passenger in the car. Minor fender bender for me (Most of it buffed out) but the car I side swiped was pretty bad. Should I report it to Uber or just pay the guy in cash? Wont it look bad for me to have an accident on my record?

  2. If a uber driver hits someone is it mandatory that the driver not log out of his driver app ? So that it will document where & when the event happened. How would you go about it ?

  3. Uber is techCorporate but not an insurance company. So stop supporting uber. There is no reliable trust on Uber that u must know it. Whatever you said is just the bluff. Look at their policy. its just shaddy business.For long term,Rideshare Tech Corp. goes to Conartist dept.

  4. New to UBEr ( one week today ) so let me get this straight, UBER ONLY covers me only if there is a passenger in my car ? so if I get a request and I am on the way and I get in an accident, I am not covered under UBER ?

  5. No tickets given? so who is to determine who is at fault . I thought police would determine that on site? also, is the coverage only when you have a passenger, or once you are signed on to app. let's face it, a good percentage of your time you do not have a passenger . LMK

  6. Moron. I would love to see you face to face and bash it in. We motorcycle riders are NEVER deserving of such a thing. Lane splitting is legal. Fagots like you are the ones that belong on the floor screaming. Learn the rules of the road and watch out for US. We got families to get home to straight up.

  7. Let me understands this , how this was not reported to his insurance since a police report was done and his personal Policy is on the report and another person claimed to be injured , did the injured person filed a claim against your cousin using his car insurance info , can you answer this for me , Thanks

  8. Thanks for your video .Could you please clarify the below question.
    I was told by my insurance carrier that Uber does not cover vehicle damages is this correct? I want to have my vehicle protect 100%. Do you have any advice?.

  9. It doesn't work just that way you explained, you have to pay $1,000 deductible plus you have to pay the mechanic who fixed your car to have your car released from the body shop, and once you get the receipt for the damages you then give it to Uber insurance company which is James River Insurance in NJ. So example, damages to my car which was not my fault, cost $4,600 to fix. So Uber insurance wanted me to pay $1,000 deductible plus the $4,600 to the mechanic to get my car released once it was finish with the repairs. And then Uber's insurance would go after the other drivers insurance company to retrieve the money you spent. Uber insurance does not have a body shop or any place to get an estimate, they go based on pictures you send through an App on your phone. So you would need a final receipt to have the proper cost of repair on your vehicle. And the only way to get that is, when your car is done being fixed and ready for pick up.

  10. your cuz not going to get money back. I had 3 passagers. in my Uber rental. we were at a stop sign. all of a sudden, got hit in the back. again will I was stopped. the driver that hit me was also a Uber driver. his insurance Denise the claim. Now Uber trying to get a 1000.00 from me. they could go fuck themselves

  11. One thing this guy does not mention. When you have an accident, Uber will freeze your account for an undetermined amount of time. They froze me for 3 days. I lost that income for those days

  12. This is not what Uber says on the app. It clearly says you aren't covered without the extra rideshare you purchase on your own, only the passenger is covered. Soon when congress signs the bill submitted its going to be the law

  13. good video and a few points. Read your damn insurance policy. when getting insurance you are entering a contract if you dont fully understand your contract you don't fckng sign it!!! no matter what the shit comercials say your policy DOES NOT say blah blah blah it has plain layman's language that is by law meant to be crystal clear. if you can't find what your policy says about rideshare grow some men/lady huevos and ask your agent. Some companies will pay but will drop you some will deny your dumb ass claim because they exclude ANY commercial use. I work as an adjuster for a company who does just that and there is nothing worse then seeing people waste their time on something they should have already been aware off. because it doesn't help us in out any it makes us feel like shit telling people what they SHOULD already know then having to refer them back to lyft/uber anyways. i had no less than 3 fckng uber claims just today one where there were injuries to the riders. And in all 3 these people were logged into the app and carrying riders. anywho work for whoever you wanna work dont let us stop you but PLEASE read your policy and check to see if we are ok to cover you. if not contact uber/lyft they should be upfront about this i suspect they are it's just hard for drivers to wrap their head around or something they would rather never address because they don't want a polict increase, fair enough but would you prefer a lawsuit from a claimant carrier or to lose your veh?

  14. The bigger problem is sending the red flags to the car insurance company will probably cancel you then your screwed no matter what. Uber is going to look out for their passengers us they don't give a damn about us. Never report it or your going to get stuck.Thanks for the uploads thanks

  15. Assuming Uber covers customer while app is on then driver having his personal insurance should be enough but the problem lies somewhere else. When Uber came out, one of their selling point to potential drivers was you can drive with your personal insurance and customer will be covered by Uber. Uber now wants drivers to also take responsibility so they can slowly move away from insurance liability. They are in secret business with insurance company i am sure and trying to push all drivers to take commercial insurance which is beyond expensive comparing with slave rate from Uber. It really doesn't add up in any sense. Ridesharing business is complete corrupt for drivers. Business model is designed not to benefit driver in any way.

  16. whether you report it or not they will find out when they renew your policy so might as well wait, hahaha or tell them I don't know, just don't mention you were doing ride share then you will be fine, then after that get the ride share endorsement in case you have another accident

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