Preparing for Disasters – Why Filipinos Need Calamity Insurance
The coronavirus pandemic is not the only crisis the Philippines has faced. The country, being one of the most disaster-prone countries in the world, has Filipinos continuously suffering from harm and property damage brought upon such tragedies. The Philippines is vulnerable to natural hazards such as earthquakes, cyclones, floods, and even volcanic eruptions than most countries, thanks to the nation’s geographic location. While the Philippine Government undoubtedly improved financing capacity…