July 22, 2019Ancillary forms: Beyond the basic coverage of an insurance policyAN 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, 2019What 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, 2019Money 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, 2019Insurance premium: The real deal of paying itAVOIDING 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, 2019The importance of insurable interest in propertyASIDE 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, 2019Insuring the life of another personLIFE 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, 2019Double 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, 201910 basic rights of policyholders that you should knowPEOPLE 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, 2019Microinsurance protects the poor and MSMEsINSURANCE 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, 2019Buyer of second-hand vehicle beware: No endorsement, no insurance claimIN 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 |