Guide on Car Insurance Features & Coverage of the Offer
CAR INSURANCE – Here are the important features and benefits of this type of insurance policy why it is important to have your vehicle covered.
In getting a car, it is important not only to have the vehicle registered to the proper authority and to be a licensed driver for its operation. It is also a move of a responsible and wise car owner to have the vehicle insured.
Truth be told that the road can be a scary place. In fact, there are a lot of accidents that happen daily. While you may have full control over your speed and your driving, you have no control over the steering wheels of other drivers.
Also, there might be inevitable instances that can lead you to situations of needing a car repair or, worst, when there are people involved. This is where the importance of a car insurance sets in.
Across the Philippines, there are several car insurance providers. Some are banks while others are entities that really focus in offering such insurance policy. The offers usually come with different features but here are the common inclusions of the coverage:
- liability coverage from property damage and injuries caused by other vehicles if you are at fault
- comprehensive and collission coverage that pays the insured whoever is at fault between the parties involved
- personal injury protection not only for the drivers but as well as for the passengers
There are also insurance policies with coverage that includes claims for damages or loss of the insured vehicle. Buying a car requires thousands of money and it is important to safeguard the money you spent in the purchase of the vehicle by making sure that you have something to turn to when an incident happens.
While the car insurance is up for vehicles, there is also an Umbrella Insurance that is ready to make up for extra liabilities. Undeniably, many people are unfamiliar to this kind of offer.
