Purchasing a brand-new vehicle is a tempting option as it comes with the latest technology and safety features. However, for many, it may not be a sound financial decision. If you are planning to buy a new car, why not opt for a used one? The reality is, a new car is expensive and might be out of reach for some. Whereas a used vehicle can save you money, help…
Insurance is important across many aspects of life. It can help you ensure that you are financially secure and ready to face unforeseen situations in life. Having a life insurance Ph policy enables you to protect your loved ones financially at the time of your demise or if you become disabled due to an accident. A health insurance Ph policy ensures that you are covered in the event of a…
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 widespread use of electronic devices and the internet has completely changed the way people buy products and avail services. Today, many prefer shopping online rather than going to a physical store. This consumer behavior is also actual when it comes to the consumption of insurance products. With the increased use of technological devices, many car insurers can better connect with their customers over the internet. Purchasing car insurance in…
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…
A bank-repossessed car or “repo” cars are vehicles that banks reacquire from their owners when they fail to make monthly payments for a specific period as stated in their loan’s terms and conditions. And financial institutions often sell these vehicles to recoup their losses. If you are thinking about buying a used car, purchasing a bank-repossessed vehicle may be a practical option for you. Here are some of the advantages…
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…
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…
When driving in the Philippines, it is always helpful to know traffic rules and their corresponding penalties. You do not want to be pulled off by an apprehending traffic officer with a violation you have not heard of, and ignorance will not save one from the law. Also, there might be wrong apprehensions, and it is best to know to fight for your rights. But, more importantly, as a driver,…
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…