Uploaded on Aug 6, 2021
The Benefits of Getting Comprehensive Car Insurance PH
The Benefits of Getting Comprehensive Car Insurance PH
THE BENEFITS OF GETTING COMPREHENSIVE CAR INSURANCE PH THE BENEFITS OF GETTING COMPREHENSIVE CAR INSURANCE PH If you are a new vehicle owner in the Philippines and are looking to get it insured, you should consider getting comprehensive car insurance PH. A comprehensive cover is usually the most desirable type of insurance for your car because it provides protection from a wide range of risks that you may experience. It generally gives car owners the most peace of mind than other auto insurance covers offered by insurance companies. The following are some of the common benefits of comprehensive car insurance. THE BENEFITS OF GETTING COMPREHENSIVE CAR INSURANCE PH First of all, comprehensive car insurance PH covers you from the total loss of your car. Total loss of a car can occur from three circumstances. The first one is if your car is stolen, and is not recovered thereafter. This can happen if the car is cannibalized for parts, or if it is driven to another country. Since the spare part market in the Philippines is very lucrative, it is possible to lose a car to thieves who plan to strip the car and sell spares. THE BENEFITS OF GETTING COMPREHENSIVE CAR INSURANCE PH Total loss of a car can also occur if your car is written-off after an accident. In this case, the total cost of repairs would exceed at least 50 percent of the sum assured, and most insurance companies would rather write off such cars instead of trying to repair them. THE BENEFITS OF GETTING COMPREHENSIVE CAR INSURANCE PH Another scenario that can lead to total loss of a car is if your car is involved in a fire. If the fire completely burns down your car, then the car is a total loss. In such as case, the insurance company will settle your claim, and will enable you to get a new car. THE BENEFITS OF GETTING COMPREHENSIVE CAR INSURANCE PH For more information on the benefits of getting comprehensive car insurance PH, visit our website at https://ichoose.ph/faq
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