March is considered to be one of the warmest months in the Philippines. According to Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA), temperature and humidity reach their maximum levels throughout the archipelago. That is why it is also considered Fire Prevention Month by BFP. It is also the month with the most fire incidents in the country, prompting the Bureau of Fire Protection (BFP), government units, firefighting agencies, and…

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If there is one thing that people can relate to in the previous year, it is the realization that the COVID-19 pandemic has been a wake-up call regarding people’s lifestyles and how to save and manage money effectively. With many workers losing jobs, facing a decrease in their payrolls, and increasing prices of many essential commodities, money management has never felt so important. This year, it would be wise to…

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Christmas is the most valued holiday in the Philippines. From September, many households are already adorning their homes with various decorations, from Christmas trees, dangling garlands, Christmas lights, to even candles inside to feel the spirit of the festive season. However, seasonal decors can be dangerous if placed near a potentially hazardous item or if not correctly put up. Here are some tips to ensure a safe and bright Christmas…

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A home is considered the most significant and often the costliest investment a person makes in their lifetime. Thus, it makes sense for homeowners to protect their properties by purchasing home insurance Philippines. Although some people view insurance plans as a liability rather than an asset and a source of funds for contingencies, most homeowners see the benefits of purchasing an insurance policy. Home insurance is the non-life insurance that…

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The primary purpose of insurance is to alleviate any financial burdens of the insured immediately after a loss. If the failure is caused by a specific event covered by the insurance policy, the insurer will pay for the enclosed value of the loss. What is an insurance claim? Before the act of reimbursement, the policyholder must ask their insurance provider to pay them for what they have lost. This request…

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In the world of insurance, the “Acts of God,” also known as “Acts of Nature,” or “AOG,” is a term used by insurance companies to refer to any event outside of human control, natural catastrophes that cannot be predicted, prevented, or avoided. It involves earthquakes, typhoons, and floods. For instance, having a damaged property due to a fire caused by arson or poor wiring is not considered an Act of…

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Many people are still feeling overwhelmed when they hear or talk about insurance in the Philippines. While many Filipinos recognize the importance of having insurance coverages, others are still lost and confused regarding the specifics of policies. The misconceptions and false beliefs surrounding insurance are among the reasons why some Filipinos still tend to feel intimidated by the idea of acquiring life insurance and other non-life insurance Philippines products, such…

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