Filing an insurance claim can be a daunting task, especially while dealing with the stress of a loss or damaged property. The process can also be confusing for individuals filing a claim for the first time. Fortunately, adequate knowledge can help the process be more manageable in file insurance claim. While various insurance providers handle their claim process differently, the steps below are similar. Here is an idea of what…
It has been highlighted that staying home, avoiding social gatherings, following social distancing protocols, and frequently washing hands, including sanitizing car can help protect individuals from contracting the SARS-CoV-2 and, in the bigger picture, hamper the spread of COVID-19 and put an end to the health crisis. Nonetheless, there is another thing you can add as part of your disease prevention strategies: sanitizing your vehicle. It is the first thing…
Buying car insurance can help you ensure financial security amid unforeseen situations on the road. It can provide you coverage for costs for property damage repair, vehicle repair costs, and medical bills due to an accident or collision incident. Purchasing car insurance is not an easy task, as the process demands a lot of considerations. Hence, it would be best to have every question answered to gather all information…
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,…