Tag: home insurance Philippines

The Role of Insurance in Disaster Preparedness

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Due to the Philippines’ geographic circumstances, it has high exposure to natural hazards. Some of the most catastrophic hazards in the country include earthquakes, volcanic eruptions, tropical cyclones, floods, and draughts. Recently, there has been an apparent increase in the economic cost of environmentally induced disasters. Natural disaster losses have escalated over the years due to various reasons, specifically climate changes altering extreme events worldwide. As these disasters continue to…

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What to Look for When Selecting an Insurance Company?

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Insurance is important across many aspects of life. It can help you ensure that you are financially secure and ready to face unforeseen situations in life. Having a life insurance Ph policy enables you to protect your loved ones financially at the time of your demise or if you become disabled due to an accident. A health insurance Ph policy ensures that you are covered in the event of a…

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What to do if your Insurance Claim is Rejected?

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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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Acts of God Insurance Coverage: What It Is and Why You Need One

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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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Why Do I Need Home Insurance?

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Measuring success depends on an individual’s perception. For some, it means having a stable job without anyone’s objections about doing what they are passionate about, while others consider success as saving a significant amount of money for their long-term plans. However, many equate success to building a house of their own. Buying a home is the epitome of a perfect dream for many Filipinos. There is nothing more fulfilling than…

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Why an Insurance Company Would Cancel Your Policy

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Insurance plays a vital role in your financial well-being, which protects you and your family in times of great need for financial assistance. As you move through life, it stresses the importance of insurance in a long-term plan. Today, many factors can leave you in financial ruin if you are not adequately insured. No matter your situation as a professional, employee, or business owner, an unexpected situation can unravel quickly,…

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Importance of Home Insurance with Calamity Coverage During Rainy Season [Infographic]

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The Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA) has been continuously monitoring La Niña’s possible development since March 2020. However, it is only in June this year that it has declared the rainy season’s start. The rainy climate condition and La Nina phenomenon bring about above-normal rainfall conditions over some parts of the country. During the rainy season, the occurrence of storms is expected in the Philippines. According to…

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