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…

Read More

To help people understand some Insurance jargon.  iChoose.ph team summarized the commonly used terms in the car insurance industry in the Philippines and here they are.   Car Insurance Policy –  Is the contract between the client and the insurance company.  This contract states that the insurance company agrees to indemnify or pay the client against all perils stipulated in the policy in exchange for a premium paid by the…

Read More