People consider their budget, their needs, and the type of vehicle they want, and what car insurance to avail of when selecting the car they want to purchase. Some even go beyond these factors, weighing whether to buy a brand-new car or a second-hand vehicle. Some Filipinos choose to buy used cars as these are much cheaper than brand new ones. Accordingly, buyers of second-hand vehicles do not have to worry…
The Compulsory Third Party Liability insurance or CTPL is a basic car insurance plan that every Filipino car owner must have before registering their cars to the Land Transportation Office. CTPL covers a driver’s liabilities in case of an accident that injures or kills the third party. Every Filipino who owns a vehicle, including trucks and motorcycles, must have CTPL insurance. The 4th leading cause of death in the Philippines…
Availing auto insurance is considered to be one of the classic staples of owning a vehicle. Aside from being a responsible driver, you must also ensure that you are financially covered in case something unexpected happens such as accidents. In other words, auto insurance provides you peace of mind and lessens your anxieties when hitting the road. When looking for a suitable auto insurance provider, you will have to prepare…
Many Filipinos tend to feel intimidated and overwhelmed when they hear or talk about insurance. While many recognize its importance, the majority are still lost and confused regarding the specifics, thus, many are still unsure whether it is important to get one for their life, business, and properties. However, being a country which faces a myriad of storms per year, located in the Pacific Ring of Fire, and has a…
Protecting your car, by all means, is very important—after all, you have bought it with your hard earned money. Aside from ensuring that every aspect and surface of it is well taken care of, from the engine to the interior, every car owner should not forget about probably the most important protection one can provide its vehicle—insurance. There are many and different kinds of car insurance for the owners to choose…
Protecting your car, by all means, is very important—after all, you have bought it with your hard-earned money. Aside from ensuring that every aspect and surface of it is well taken care of, from the engine to the interior, every car owner should not forget about probably the most important protection one can provide its vehicle—insurance. There are many and different kinds of car insurance for the owners to choose…
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…