What is Endorsement ?

Endorsement is a change data on the insurance policy. Policy changes include changes in policy premiums charged and additional administrative costs or policy changes that are charged only for the administration.
The changes will apply additional premium & administrative costs, consisting of:
- Changes on vehicle accessories
- Changes in vehicle unit
- Changes guaranty insurance, for example, of a Comprehensive TLO or vice versa.

Changes that are charged only for the administration, consisting of:
- policyholders’s data (name, address, phone number)
- drive’s data (No Police, Color vehicle).

What is premium?

Premium is the amount of money paid by policyholders to the insurance company on insurance purchased and is calculated based on age and gender, and insurance benefits participants

What is the meaning about policy of insurance?

Policy is a binding contract between 2 parties: insurance companies (insurer) with the services of insurance (policyholders / Insured). Both parties have rights and obligations of each.