Category: Calamity Insurance

Acts of God Insurance Coverage: What It Is and Why You Need One

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In the world of insurance, the “Acts of God,” also known as “Acts of Nature,” or “AOG,” is a term used by insurance companies to refer to any event outside of human control, natural catastrophes that cannot be predicted, prevented, or avoided. It involves earthquakes, typhoons, and floods. For instance, having a damaged property due to a fire caused by arson or poor wiring is not considered an Act of…

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Four Insurance Coverages You Must Have This Monsoon Season

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For the Philippines, monsoon can either be a delightful season or a harmful one. Rains bring respite from months of intense heat, but they may also leave losses from destructive storms and downpours. Joint problems may include engine problems for vehicles stuck in floods, excessive damage to properties, and even water-borne or viral diseases breaking out. Monsoon is yet another season that one needs to prepare for financially. To prevent…

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Preparing for Disasters – Why Filipinos Need Calamity Insurance

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The coronavirus pandemic is not the only crisis the Philippines has faced. The country, being one of the most disaster-prone countries in the world, has Filipinos continuously suffering from harm and property damage brought upon such tragedies. The Philippines is vulnerable to natural hazards such as earthquakes, cyclones, floods, and even volcanic eruptions than most countries, thanks to the nation’s geographic location. While the Philippine Government undoubtedly improved financing capacity…

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Importance of Home Insurance with Calamity Coverage During Rainy Season [Infographic]

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The Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA) has been continuously monitoring La Niña’s possible development since March 2020. However, it is only in June this year that it has declared the rainy season’s start. The rainy climate condition and La Nina phenomenon bring about above-normal rainfall conditions over some parts of the country. During the rainy season, the occurrence of storms is expected in the Philippines. According to…

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Why Filipinos Need Acts of God Coverage?

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The Philippines has always been the site of many disastrous natural calamities that has affected countless lives and damaged multitudes of properties, with the most recent one being the eruption of Taal last January 12, 2020. Due to the frequency of the various calamities, it would seem like a no-brainer to get covered for Acts of God or Acts of Nature. Many car owners have already gone to get their…

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Typhoon Season Alert: Remembering Ondoy and The Value of Your Calamity Insurance Coverage

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Typhoon Season Alert: Remembering Ondoy and The Value of Your Calamity Insurance Coverage

Typhoon season is right around the corner. This means that floods will most likely be a part of life in Metro Manila and other places in the Philippines. Ondoy in 2009 reminded us of the horror of what could happen given the changing climate. Due to the Ondoy in 2009, the country even received a grant from the World Bank worth $1.5 million.  That gives you an idea how devastated…

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