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…
More than a year since the World Health Organization announced a pandemic, there is still fear and anxiety about the novel coronavirus. Accordingly, the continuous implementation of quarantine protocols and social distancing measures also adds to the stress and anxiety of people as it makes them feel overwhelmed and more isolated. Therefore, it is crucial to practice self-care during these times. It would be best if you implemented strategies to…
Planning to purchase a vehicle could be an exciting time for anyone. Having your car makes a huge difference as it gives you comfort and convenience when traversing through the roads in the metro. However, despite the advantages of owning a vehicle, it is essential to remember that when purchasing a car, you have various factors to consider when buying a car – and these must not be done on…
The primary purpose of insurance is to alleviate any financial burdens of the insured immediately after a loss. If the failure is caused by a specific event covered by the insurance policy, the insurer will pay for the enclosed value of the loss. What is an insurance claim? Before the act of reimbursement, the policyholder must ask their insurance provider to pay them for what they have lost. This request…
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…
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…
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…