July 22, 2019

Ancillary forms: Beyond the basic coverage of an insurance policy

AN insurance policy offered by insurers usually contains the basic coverage. For instance, life insurance basically provides death benefits to the beneficiaries in case of death of the insured. Property Read More

July 15, 2019

What is in the insurance policy?

AN important step in obtaining an insurance is preparing the policy. Many are still misguided about the nitty-gritty of an insurance policy which could lead to unknowingly consenting to an Read More

July 8, 2019

Money back: Should you get return of insurance premium?

PREMIUM payments are essential for an insurance system to work. To effectively work as a risk-distributing mechanism, these payments are pooled together by the insurance company to fund the losses Read More

July 1, 2019

Insurance premium: The real deal of paying it

AVOIDING risks is one of the reasons why people purchase life or property insurance. The buyer of insurance pays a “premium” to be protected against financial losses if the perils Read More

June 24, 2019

The importance of insurable interest in property

ASIDE from the life of a person, properties may also be insured against harmful risks especially when a person can benefit significantly from these. Likewise, such properties may also be Read More

June 17, 2019

Insuring the life of another person

LIFE insurance refers to an insurance on human life, or an incident related to it, such as injuries or permanent disability. A person may obtain a life insurance policy for Read More

June 10, 2019

Double insurance: Is it legal?

IS availing of two or more insurance policies over the same thing or person allowed? Insurance laws in the Philippines do not prohibit per se the so-called “double insurance”; however, Read More

June 3, 2019

10 basic rights of policyholders that you should know

PEOPLE pin their hopes on insurance policies that provide protection for their lives, especially their loved ones, or their properties, and other insurable interests from possible financial losses, or worse, Read More

May 27, 2019

Microinsurance protects the poor and MSMEs

INSURANCE is commonly viewed as a financial tool that safeguards only the rich as the poor and marginalized sectors of society cannot afford to have one. As a result, in Read More

May 20, 2019

Buyer of second-hand vehicle beware: No endorsement, no insurance claim

IN the Philippines, pre-owned vehicles are still popular among potential car owners even if dealers of brand-new cars offer good financing options. The number of individuals buying second-hand vehicles is Read More