The Philippines has always been the site of many disastrous natural calamities that has affected countless lives and damaged multitudes of properties, with the most recent one being the eruption of Taal last January 12, 2020. Due to the frequency of the various calamities, it would seem like a no-brainer to get covered for Acts of God or Acts of Nature. Many car owners have already gone to get their…
During the past few years, there has been a new trend on the rise. Companies are starting to set up websites comparing car insurance sites in the Philippines. This is actually a good thing because it has nothing but one goal: provide information for the benefit of Filipino drivers. The car insurance industry in the Philippines is relatively new. More than a decade ago, only a few bothered to have…
A lot of people fear the unknown. From concepts that look complicated to things that they don’t completely understand, these things could look intimidating for a lot of people. And for Filipinos, the concept of car insurance remains a grey area for them. Driving without car insurance can be somewhat risky in the Philippines. Without any car insurance coverage, not only are you risking the probability of paying an absurd…
Car insurance is an important part of having a car. In the Philippines, with the number of traffic accidents, not to mention the out of control traffic situation, it makes sense to have the right type of car insurance. But what if it is your first time to have a car and you know nothing about car insurance? Here are seven tips that first-time car owners when it comes to…
Prevention is better than cure. But with the “bahala na” attitude prevalent in our culture, Filipinos don’t usually plan ahead. It is evident by the fact that only 30% of Filipino households have savings. It is also true that car insurance companies only have a limited 3% to 5% penetration rate among car owners. Given these numbers, a lot of car owners are willing to take the risk on the…
It is your first time to purchase a car. Perhaps, for your first ride, you are willing to shell out P100,000 on a used vehicle. Good for you, that is a good start. Probably, you’ll be able to get a vehicle made somewhere around the mid-1990s. And if you check olx.ph, there are a LOT of cars that could potentially meet your budget and needs. The Philippines isn’t exactly a…
Buying a brand new car can be tricky, not to mention expensive. It costs a lot of money, plus you have to deal with depreciation of the car’s value. Could you imagine buying an P800,000 sedan, only to have a market value of around $650,000 the next year? Yes, it does depreciate like crazy, so why should you settle for a brand new car? Here’s why most people in the…
What is the use of car insurance in today’s time? If we’ll look at the number of vehicles registered today, that would sum up to a total of about 7.4 million nationwide. Just to give you an idea about how likely you are to get in an accident in the Philippines, there were around 5,000 road accidents during the first quarter of 2012, not to mention 600 fatalities. Among the…
A car in the Philippines, despite the heavy traffic is a great asset that you want to protect at all costs. It helps you get to your destination faster than public transportation. And to top it all off, you’re your privacy, unlike being crammed inside a dying MRT. Insurance policies help car owners with the cost of repairs from accidents and unexpected events. But of course, there are a lot…
Typhoon season is right around the corner. This means that floods will most likely be a part of life in Metro Manila and other places in the Philippines. Ondoy in 2009 reminded us of the horror of what could happen given the changing climate. Due to the Ondoy in 2009, the country even received a grant from the World Bank worth $1.5 million. That gives you an idea how devastated…