Insurance policies are essential to secure people financially in case anything happens to one’s property or on one’s health. Insurance plans will serve as lifesavers for the insured since they will not have to pay out of their pockets as long as they have the necessary coverage for what they endured. No matter the type of policy one has and its coverages, people will not enjoy their insurance limitlessly since…
Buying a car alone is already riddled with many complications since there are many models out there, and there’s the case of whether one should purchase either a brand-new one or a second-hand one. Then there’s also the matter of insurance cost, which can also affect a car buyer’s decision-making when getting a new car. Getting car insurance is essential to ensure that the car owner is financially protected in…
Insurance policies are not only meant for individuals who want to protect themselves or their properties from any possible dangers or losses, but also for other people and items. Insurable interest enters the stage, allowing one to insure a property owned by another entity. Insurable interest is a vital requirement for insurance policies issued to protect an individual from financial loss should another person or item be lost or damaged….
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…
More and more drivers are getting caught in traffic accidents nowadays, and many victims have a hard time settling insurance claims since the driver at fault can’t be determined as both drivers give out conflicting stories on how the accident happened. Fortunately, dash cameras are gaining popularity today since they can record various scenes, including memories of the trip, unexpected events, car accidents, and any acts or potential acts of…
Having your vehicles insured should be one of your top priority as a car owner. Since nobody knows when will accidents and unfortunate events happen, it is important that you come prepared. While some may say that car insurances are expensive and unnecessary spending, it is actually one way of reducing car expenses in the long run. Because of its intimidating terms and an overwhelming amount of details and information,…
Comprehensive auto insurance may sound very intimidating and overwhelming for many, especially for first-time car owners and non-car enthusiasts. But, a lot of the experts it’s a great deal. After all, who wouldn’t want an auto insurance policy that’s “comprehensive”? To know what benefits car owners can get from comprehensive auto insurance, one must know first what does it mean and how can you measure comprehensiveness. Comprehensive car insurance is one of…
In the Philippines, it is more common for car owners to rely on their luck when driving than to take precautionary measures in preventing problems to arise. “Malas-malas lang” will typically be the common justification for damaged properties. What most car owners don’t consider is the potential loss that they incur when they don’t have their own car insurance policy. The car insurance companies in the Philippines have minimal penetration…
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…
Registered cars in the Philippines are in an all-time high in July of 2013. 137,726 registered cars were recorded during that month. Despite this number, only a small number of cars will be insured. There are many factors involved as to why this is happening. The car insurance industry is struggling to keep up with its saturated market. For instance, just how many car insurance companies are listed today? Also,…