Things To Know About Home Fire Insurance PH

Are you looking to buy home fire insurance PH? Before you make this important step, you need consider the necessary aspects beforehand. Keep in mind that a fire outbreak can have the worst effect on your property, so purchasing the right insurance plan will be the best bet. The right insurance plan will protect you and your business from expected financial issues arising out of fire damage. As and when such mishaps occur, it is imperative that you have a good understanding of the fire insurance claim process and documentary formalities as it will save you a lot of time.

While buying any home fire insurance PH plan against your property, you must know certain things. One of them is that with fire insurance, you can have financial protection against unforeseen damage. This insurance covers the loss that is caused due to destruction of moveable and immoveable property out of fire or other perils. Various types of property are covered under such policy, including machinery, building, plant, stock and content like fixtures, furniture and cables, and so on.

Another thing you need to know before buying home fire insurance PH is that these policies are issued for the period of one year with some exceptions, such as for dwellings. In the case of dwellings, a home fire insurance policy may be issued for the long term specifically for a period of at least 3 years. Various other perils are taken into consideration regarding home fire insurance. It can also cover explosions, landslide, lighting, bursting of water tanks, subsidence as well as impact damage. However, loss as a result of war and warlike operations, breakdowns, burglary and housebreaking, nuclear perils, electrical/mechanical breakdowns and pollution or contamination are not covered​.

 For more information on home fire insurance PH, visit our website at https://ichoose.ph/blogs/filipino-property-owners-need-fire-insurance-philippines/

Things To Know About CTPL Insurance Philippines

If you are a new vehicle owner in the Philippines, you need to work on getting CTPL insurance Philippines before you start using your vehicle on the road. While you can apply for a comprehensive car insurance cover, you are required to apply for the Compulsory Third Party Liability insurance, or CTPL. A lot of experienced car owners are familiar with the CTPL, but for a new car buyer, what can you expect with this mandatory insurance policy?

Compulsory Third Party Liability (CTPL) is also commonly referred to as compulsory motor vehicle liability insurance. The purpose of this insurance it protect you, the vehicle owner from financial obligations to anyone who may be injured or killed by your vehicle. Owners of both cars and motorcycles are supposed to get this coverage before they go ahead to register their vehicle to the Land Transportation Office (LTO).

Before getting Compulsory Third Party Liability, it is important to know the fundamentals of this insurance, including a couple of misconceptions. One misconception about CTPL is that it covers the driver of the insured vehicle. The truth of the matter is that CTPL only covers third parties, and that does not include the driver. Third parties in this case mean anyone aside from a passenger who is not a member of the insured’s family or employee.

CTPL insurance Philippines should not be confused with a comprehensive car insurance cover. There are some owners who think that this can substitute what car insurance offers. Comprehensive car insurance offers more coverage compared to a CTPL, and it covers loss and/or damage of vehicle, property damage, excess bodily injury, no-fault indemnity cover, and auto passenger personal accident. That said, you can get CTPL insurance from any licensed nonlife insurance provider. CTPL insurance rates from different providers do not vary so much.

For more information on CTPL insurance Philippines, visit our website at https://ichoose.ph/ctpl

Things To Do Before Comparing Credit Cards Philippines

It is important to take time to compare credit cards Philippines if  you are planning to get your first credit card. Comparing credit cards can feel overwhelming since there are so many of them, and they have a wide range of different characteristics. However, if you take your time to do a careful, analysis of various factors, including credit card rewards, fees, interest rates – and your unique personal finance needs – can help you choose.

Before you start to compare credit cards Philippines, it is imperative that you have a good understanding of your own financial profile. Your credit score and credit history are going to play a big role in the type of credit card  that you will get. A lot of high-end credit cards are typically reserved for the people with excellent credit, even though there are a lot of cards that are available for those who are simply looking to establish their credit history.

Knowing your spending habits will help make the process of looking for the right credit card easier. Keep in mind that a credit card is not a source of free money. You will have to pay back every purchase you will make, and any unpaid monthly balance will likely start to collect interest.

 Another thing you need to do before you start to compare credit cards Philippines is ask yourself why you want a credit card in the first place. Whether you are getting your first card or adding to a collection, you need to know why you want a credit card. This will be the basis for determining which credit cards to compare and, ultimately, which one to choose.

For more information on what to do before comparing credit cards Philippines, visit our website at  https://ichoose.ph/quotes/credit_card

How To Buy Car Insurance PH

If you are planning to buy car insurance PH  for the first time, you need to know what to do  in order to get the best cover. You need to make sure that you are adequately covered if you get involved in an accident, but you do not want to pay more than you have to. But there are so many car owners who  overpay simply because they do not want to spend time shopping for car insurance. Doing some comparison shopping can save you hundreds of dollars a year.

In order to find the right car insurance cover, you need to first figure out how much coverage you need. The requirements vary from state to state, so you need to take a moment to find out what coverage is required in the area you come from. Once you know what is required, you can decide what you need. Keep in mind that your decision will depend on your own degree of comfort in assuming a certain level of risk.

If you have a lot of assets, it is imperative that you get enough liability coverage to protect them. Let’s say, for example, you have $50,000 of bodily injury liability coverage but $100,000 in personal assets. In case you are involved in an accident and you are found to be at fault,  attorneys for the other party could go after you for the $50,000 in medical bills that are not covered by your policy. If you have no assets that an attorney can seek, you should not purchase coverage unnecessarily.

Another considering to keep in mind when looking for the right car insurance PH  to buy is your driving habits. If your past is filled with crumpled fenders, if you make a long commute on a treacherous winding road every day, or if you routinely speed, then you should get more complete coverage. Collision coverage will pay for damage to your car in an accident or damage from hitting an inanimate object, such as a tree, lamppost or fence. Comprehensive coverage can address damage that did not occur in a collision, and it may also cover damaged windshields.

For more tips on how to buy car insurance PH, visit our website at https://ichoose.ph/

How To Buy The Right PH Insurance Motorcycle For Your Needs

Buying PH insurance motorcycle can be easier if you know the right steps to follow. You need to purchase in motorcycle insurance that will actually protect you. Below are some tips for choosing the right motorbike insurance for your needs.

When you decide to purchase this insurance, it is important that you do not rely on the person who hit you to pay. Many people assume that they do not have to pay if the fault was the other person’s. The bad news is that there are still many people on the road who are driving with little or no insurance. The people who do not have insurance often don’t have the money to pay for someone else’s motorcycle and medical bills. And in case the other person files bankruptcy, the claim that you file against them could potentially be discharged, meaning that you may not recover any money from them. The only sure way to protect yourself is to acquire underinsured and uninsured motorist coverage.

Another thing you need to do when looking for the right PH insurance motorcycle is avoid getting a basic policy with low premiums.  While no one gets on the road expecting to get involved in an accident, but accidents are the reason why we need insurance in the first place. Investing in minimum insurance coverage may look like a money-saving option in the short term, but it may not be ample coverage. Without enough coverage, you could be financially responsible to pay the bills that an insurance company would have paid. Cheap insurance may protect your motorcycle, but it will leave the most important thing unprotected: yourself.

For more tips on how to buy the right PH insurance motorcycle for your needs, visit our website at https://ichoose.ph/blogs/ichoose-ph-motorcycle-insurance/

How To Buy Travel Insurance PH

If you are planning to buy travel insurance PH for the first time, you may not know where to start. Comparing and choosing travel insurance coverage can be very confusing for a first timer. There are conditions, exclusions and restrictions, as well as various benefits with limits that may or may not apply to your situation. Below are some tips about the travel insurance buying process that can help you make an informed decision.

 First and foremost, you need to know the right time to buy travel insurance. You should purchase this insurance soon after booking your travel - ideally after making your initial trip deposit or when planning your travel calendar for the year. This insurance generally only requires you to answer a few questions, such as where you are going and when, how much your trip will cost you where you live as well as how old are you. Knowing these details will make it easy for you to get a quote online.

When you decide to buy travel insurance PH, there are two things you can do. You can buy coverage for a single trip or a full year of travel, quickly as well as very easily whether you are travelling internationally or domestically. You also need to know that when planning whether or not to purchase this insurance, you are supposed to wait at least 24 hours before the trip cancellation coverage takes effect.

It is imperative that you pick the travel insurance policy that’s right for you.  When choosing a travel insurance plan, it is imperative that you decide which options are most important for your specific trip and ensure benefit limits are adequate. For example, if you and your family are planning to go to the Gulf Coast in September, your three most important travel insurance criteria may be cancellation coverage because of a hurricane, missed connection coverage and emergency medical evacuation coverage.

For more tips on how to buy travel insurance PH, visit our website at https://ichoose.ph/start/travel