Insurance
Motor Comprehensive Premium Written
Recording the annual premium for a comprehensive motor policy covering own damage and TPL.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Premium Receivable (Motor Comprehensive) | Asset (+) | 850.00 | - |
| Written Premium — Motor Comprehensive | Revenue (+) | - | 850.00 |
💡 Accountant's Note
Comprehensive motor covers own damage, theft, fire, and TPL. It is the highest-premium motor product. In Jordan, the comprehensive rate is typically 2-4% of the vehicle value.
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