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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Time and time again, people are reminded how uncertainties can set us back financially. But despite the risks that can ruin savings and potentially impede plans, many still regard insurance as an insignificant intangible product in the Philippines. However, the insurance industry in the country experienced a sudden increase in the number of insured as many realized the contribution of insurance in mitigating risks, and the industry is poised 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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Filipinos of all ages love celebrating Halloween! From decorating houses with spooky themes, dressing up as their favorite horror character, and experiencing the joy of trick or treating, searching for candies from every home that offers them. Now that the celebration is just around the corner, it is essential to be informed about Halloween hazards that might cause potential risks. It is best to be prepared for anything that might…

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Home insurance is the type of non-life insurance policy that provides coverage for your home – the most significant single investment you will incur in your lifetime. Acquiring home insurance Philippines enables you to have a financial safety net to protect your property. It also allows you to protect yourself from home loss or damage financially. In addition, property insurance also provides coverage for items inside the home. With these…

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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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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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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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