Is Comprehensive Car Insurance Philippines Worth It


BlaineETamayo21

Uploaded on Dec 8, 2021

Category Automotive

Is Comprehensive Car Insurance Philippines Worth It

Category Automotive

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Is Comprehensive Car Insurance Philippines Worth It

IS COMPREHENSIVE CAR INSURANCE PHILIPPINES WORTH IT? Is Comprehensive Car Insurance Philippines Worth It? ◦If you are looking to insure your car in the Philippines, it is good to opt for comprehensive car insurance Philippines. Many vehicles owners go to a third party cover in order to save some money, but a comprehensive cover has a lot of benefits even though it will cost you a lot more. ◦So, what exactly is comprehensive coverage? This insurance policy is wider coverage plan that covers damages to your own vehicle as well as third-party liability. It might be expensive as compared to third party insurance cover. Is Comprehensive Car Insurance Philippines Worth It? ◦In the Philippines, comprehensive car insurance typically covers you for loss or damage from fire, theft, vandalism, accidental loss, natural disasters, damage caused by animals or falling objects (such as a tree or hail). ◦When you buy comprehensive car insurance Philippines, you will set a fix deductible amount, which you will pay out of pocket for a covered claim. For instance, if you decide to pay a deductible of $500, and your car is later damaged by a flood. If the claim costs you an amount of $1,500 to repair your car, you would have to pay only $500 deductible, and rest of the amount (i.e. $1,000) will be paid by your insurance company. Is Comprehensive Car Insurance Philippines Worth It? ◦One of the good things about comprehensive car insurance cover is that it assures you to protect your car from third party liabilities as well as damage to own vehicle that may arise as you drive. This cover is always assumed to be more expensive than the third-party insurance. But is it so? In real sense, it is not. This type of cover grants your vehicle protection against a wide number of risks, hence it is worth the extra money. Is Comprehensive Car Insurance Philippines Worth It? ◦For more information on comprehensive car insurance Philippines, visit our website at https://ichoose.ph/