More and more non-life insurance firms today are starting to conduct merger talks in order to comply with the minimum capital requirement expected to be implemented by the end of 2019. As it was stated in the Republic Act No. 10607, insurance companies must augment their net worth from P550 million to 900 million by the end of 2019. This will be even increased to a whopping P1.3 billion by…
According to the World Health Organization, there are about 12,000 Filipinos who die due to road-related accidents each year. Since our cities today are mostly filled with congested and busy streets and highways, there is no doubt that car accidents have been the common stories in daily newspapers and television programs. Everybody must’ve witnessed or got themselves involved in a car accident at least once in their lives. If you’re…
More and more drivers are getting caught in traffic accidents nowadays, and many victims have a hard time settling insurance claims since the driver at fault can’t be determined as both drivers give out conflicting stories on how the accident happened. Fortunately, dash cameras are gaining popularity today since they can record various scenes, including memories of the trip, unexpected events, car accidents, and any acts or potential acts of…
Buying appropriate auto insurance is an integral step towards being a responsible car owner. Though getting involved in a road accident is the last thing that a driver wants, it’s better to be always prepared in case something unexpected happens. Car insurance can help offset the financial losses incurred by the holder during specific incidents. However, many people today tend to believe several misconceptions about availing car insurance. Some might…
Having a driver’s license could lead people to think that they should get a car real quick since the license can serve as a symbolism of freedom and independence for an individual. Some people might think that having a license without a car is senseless, which makes them want to have a ride of their own. Choosing which car to get can be quite a challenging matter, especially if they…
While availing travel insurance is highly integral for everyone having a long trip abroad, we can never deny the fact that no one really wants to claim it anyway. Claiming travel insurance means that you somehow got yourself into trouble and fortunately, you have a policy that can cover your expenses. Travel insurance is highly regarded as one of the most commonly used types of insurance. Based on an article…
Having a credit card can present significant advantages to the cardholder, including having an excellent credit score to show records of responsible payments, and letting you improve your overall financial health. One other attractive benefit with a credit card is being able to use both the stored credit and loans to pay for your expenses whenever you need to, especially emergencies. The convenience offered by credit cards can harm the…
Availing auto insurance is considered to be one of the classic staples of owning a vehicle. Aside from being a responsible driver, you must also ensure that you are financially covered in case something unexpected happens such as accidents. In other words, auto insurance provides you peace of mind and lessens your anxieties when hitting the road. When looking for a suitable auto insurance provider, you will have to prepare…
A road is a place where even the most unexpected things happen. As the driver, it is your responsibility to practice responsible driving in order to minimize the risks associated with the dangers in the road. Safety is a concept that is very easy to understand. In modern society, the lives of everyone is considered to be extremely precious and therefore, it must never be taken for granted. And as…
Keeping your car in tip-top shape is essential for experiencing a road trip filled with good memories. As one of the most exciting outdoor activities, road trips must be thoroughly planned in advance. Several factors must be considered such as the budget, itinerary, and of course, comprehensive travel insurance. But what if the vehicle you’re going to use is currently not at its best? If you’re still a day or…