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…

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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…

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Buying car insurance can be tricky especially if you don’t know much about car insurance.  There are a few factors that need to be considered before buying.   1.  Price –  This is probably the most important nowadays. Price or premium as what its called in the insurance industry varies.  The more you get quotes the better for you. The smarter way do is to go to a car insurance comparison…

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