If there is one thing that people can relate to in the previous year, it is the realization that the COVID-19 pandemic has been a wake-up call regarding people’s lifestyles and how to save and manage money effectively. With many workers losing jobs, facing a decrease in their payrolls, and increasing prices of many essential commodities, money management has never felt so important. This year, it would be wise to…
Talking about car insurance Ph is often overwhelming for many Filipinos. Although many people now recognize how imperative it is to have insurance coverage, others are still intimidated by the idea of acquiring an insurance policy. Their reluctance is often rooted in two things: concepts that look complicated and the various misconceptions and false beliefs surrounding insurance. But their hesitance to acquire an insurance policy, particularly car insurance, can be…
After purchasing their first vehicle, car owners should do the wisest thing next is to insure it. Acquiring a car insurance policy can provide them peace of mind and lessen their anxieties when dealing with the financial aspects of getting involved in an accident/incident. In the Philippines, there are two main types of car insurance available for motorists: compulsory third-party liability (CTPL) and comprehensive car insurance. The main difference between…
As the world gear forward to the year ahead, many industries learned to adapt to the new normal, shifting their business models and related-marketing strategies to promote business continuity and remain profitable. It goes the same for the insurance industry as many companies re-evaluate their business tactics and address changes in operations. Accordingly, this year is when the industry is expected to make a remarkable recovery, facilitated by various trends…
Time and time again, people are reminded how uncertainties can set us back financially. But despite the risks that can ruin savings and potentially impede plans, many still regard insurance as an insignificant intangible product in the Philippines. However, the insurance industry in the country experienced a sudden increase in the number of insured as many realized the contribution of insurance in mitigating risks, and the industry is poised to…
When an individual is under the influence of alcohol and prohibited drugs, it can impair driving ability which can slow coordination, reaction time, and even judgment, leading to severe accidents. There are many reasons to avoid getting behind the wheel while drunk or under the influence of drugs aside from the apparent risk. As a car owner, you should know that it is against the law. What is Republic…
A car insurance policy is a contract that has specific terms and conditions. When you avail of car insurance, the insurance company will provide you with policy wording, which details every information about the insurance policy. As a vehicle owner, you must understand the insurance policy to avoid confusion and other problems when making a claim. Generally, the policy wording includes the insurance cover, exclusions, claim settlement. It also contains…
Motorists are required to get a driver’s license before driving on private and public roads. A license is an authority granted by the Land Transportation Office (LTO) to a person to operate a motor vehicle. Essentially, this is issued to an individual who has met the license qualifications set by the agency, which include passing an automated theoretical examination and practical driving course. Driver’s licenses, similar to other identification cards,…
Finally, it is time for your holiday travels; your bags are packed, your transportation is set, you have booked accommodation, and other travel essentials are prepared. You think you are ready to go but traveling comes with many risks, and anything might happen during your trip. One of the most important things you need as a traveler is travel insurance in the Philippines. Read on to know why getting insured…
Christmas is the most valued holiday in the Philippines. From September, many households are already adorning their homes with various decorations, from Christmas trees, dangling garlands, Christmas lights, to even candles inside to feel the spirit of the festive season. However, seasonal decors can be dangerous if placed near a potentially hazardous item or if not correctly put up. Here are some tips to ensure a safe and bright Christmas…