Uploaded on Jul 9, 2021
The Benefits of PH Insurance Motorcycle
The Benefits of PH Insurance Motorcycle
THE BENEFITS OF PH
INSURANCE MOTORCYCLE
The Benefits of PH Insurance Motorcycle
◦Buying PH insurance motorcycle is very important if you just bought a brand
new motorcycle. Since a motorcycle costs a significant amount of money, it is
important to protect the investment you made into it with insurance. The
following are some of the important benefits of having motorcycle insurance.
The Benefits of PH Insurance Motorcycle
◦First of all, with this insurance, you will have coverage in the event of a
collision. Considering that the average cost of a new motorbike is over
$10,000, having a motorcycle insurance policy in place can prevent you from
struggling with financial problems in case your motorcycle sustains severe
damage.
The Benefits of PH Insurance Motorcycle
◦Another benefit of having PH insurance motorcycle is that you will have
coverage for damage that does not result from a collision. Referred to as
comprehensive coverage, this type of coverage will reimburse you for other
types of damage your motorbike can sustain, such as damage resulting from
theft, fire and vandalism. Even though motorcycle theft has been on the decline
in the Philippines in recent years, there are still a lot of motorcycles that are
stolen each year. For this reason, having comprehensive coverage that you will
find under your motorcycle policy can prove to be extremely beneficial.
The Benefits of PH Insurance Motorcycle
◦Last but not least, you will have liability protection when you purchase PH
insurance motorcycle. In case you collide with another driver and are deemed
responsible for their bodily injury or property damage, the liability coverage
under your motorbike insurance policy will trigger. You will not have to pay
for the medical bills or the cost of replacing the damaged property using your
own money. This can be a huge relief if you get involved in an accident at a
time when your bank account is quite low.
The Benefits of PH Insurance Motorcycle
◦For more information on the benefits of PH insurance motorcycle, visit our
website at https://ichoose.ph/blogs/ichoose-ph-motorcycle-insurance/
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