Understanding the Act of God Insurance Coverage [Infographic]
The Taal Volcano has recently erupted last January 12 and spewed ash up to 14 kilometers into the air while generating volcanic lightning. Due to the eruption, many people have been affected in various ways, including damages to homes, livelihoods, and other property. The losses incurred are costly and make the idea of getting insured more practical for the property owner. The Acts of God coverage started seeing popularity among…