If you are going to purchase a car insurance policy, why not choose full coverage? Right? The only problem is, there is no such thing as a “full coverage policy” in the insurance realm. Full coverage auto insurance is not a specific type of policy but rather a term for combining coverage types. Insurance providers do not offer car insurance in the Philippines that covers everything. While there is no…
The monsoon is upon the Philippines, and while some may not be over the summer, it is imperative to make adjustments. The same goes for car owners, as it is challenging to maintain vehicles in the rainy season. Moreover, driving under this weather can cause severe issues to automobiles as it poses new hazards to drivers regarding the driving and the overall appearance of their cars. While it is not…
With the inherent dangers of driving along the Philippines’ highways and the increasing number of vehicular collision incidents, there is no denying that availing of car insurance is wise and sensible. It provides you peace of mind when it comes to the financial woes of getting into an accident. Such liabilities include financial and legal obligations due to third-party deaths or bodily injury, property damage, and repair costs. But before…
Despite practicing safety precautions on the road, accidents can still happen. While having a car insurance Ph prepares and financially protects you from possible road mishaps, merely acquiring one is not enough. You also need to know what you must do when you get involved in an accident and file for an insurance claim. Being informed of how you must deal with these situations can help you during the claims…
The importance of getting your car insured is to acquire financial coverage if you are faced with adversity. A claim against your insurance may never happen if you are fortunate enough to steer clear from danger. However, when you experience mishaps that lead to unexpected accidents, damage, or loss covered by your insurance policy, you are legally entitled to make a claim. The insurance policy is a form of contract…
If ever accidents on the road happen, having your car insured is probably the best thing you can think of. But, of course, you still need to follow the protocol and submit necessary requirements to your insurance provider. Claiming car insurance policies follows standard procedures that vary across companies. However, some common requirements and processes can apply in some cases. Before you gather the following requirements, make sure that you…
Prevention is better than cure. But with the “bahala na” attitude prevalent in our culture, Filipinos don’t usually plan ahead. It is evident by the fact that only 30% of Filipino households have savings. It is also true that car insurance companies only have a limited 3% to 5% penetration rate among car owners. Given these numbers, a lot of car owners are willing to take the risk on the…
An insurance policy serves as a lifeline. Given the amount of stress that a car accident could bring to the table, it makes sense to anticipate troubles that could occur while you are driving. Regardless if you are carrying a commercial vehicle, or a car used to go to work, it makes a huge difference to get car insurance policies fit your needs. By having a website to compare car…
According to statistics, we lose about 2.4 billion pesos daily due to our messy traffic situation. Opportunity loss among businesses and decreased performance at work are some of the effects of the day to a daily traffic jam that we face. Looking at the trend from 2005 to 2014, purchases for both passenger and commercial vehicles have increased over a steady period of time. This could mean two things. One,…
In the Philippines, it is more common for car owners to rely on their luck when driving than to take precautionary measures in preventing problems to arise. “Malas-malas lang” will typically be the common justification for damaged properties. What most car owners don’t consider is the potential loss that they incur when they don’t have their own car insurance policy. The car insurance companies in the Philippines have minimal penetration…