Stay Protected with the Right Car Insurance Policy

By Andrea Nicole

Posted on Jun 19, 2020

Stay Protected with the Right Car Insurance Policy


Source: ICount


Let’s be real. Many people would not even dare to read the first statement of a car insurance policy since it is heavy on technicalities. After all, it is a legal contract. It’s not like a famous fiction you see online where your imagination is unfurled. Nonetheless, taking the time to read and understand it may benefit you more than you know.

A car insurance policy might be a nightmare to some, but it can prevent your pockets from getting empty. It can provide financial protection in case you or another driver who used your car encounter an accident, injuring someone or harming other people’s property. If you haven’t bought your insurance policy yet, it is better to consider or understand the coverage first before you settle it.



Source: MyFirstUK


In case you have purchased a second-hand car, you must register it under your name the moment you get a hold of its deed of sale. Into the bargain, you should ask for the issuance of an endorsement. You may opt to buy a new insurance policy. However, it would require more effort than having the old car policy transferred in your name.

Concerning the entirety of your car insurance policy, you should be aware of what is covered in your chosen protection. A car insurance policy has a declaration page where information about the limits and who is insured are included. It is the part where you can see details unique to your policy. Information such as address and vehicle details are also inputted in this section.

On the other hand, the general insuring agreement part of the policy states that the insured should pay the premium for the insurance company to settle the coverage. There are different insurance services so buying whatever you stumble upon would not be a wise choice.

Many companies use a standardized policy which is referred to as the insurance services office's personal auto policy form. Liability coverage, medical payments coverage, uninsured and underinsured motorist coverage, coverage for damage to your auto or car, duties after an accident or loss, and general provisions are most likely what you would see in the said form.

  • Liability Coverage: When there are claims against you, this is your needed protection.
  • Medical Payments Coverage: Regardless of negligence or liability, this protection covers all the medical expenses incurred.
  • Uninsured and Underinsured Motorist Coverage: When you are injured by a driver who does not have enough insurance or a victim of hit-and-run, this protection is needed for the insurance company to cover the losses.
  • Coverage for Damage to Your Car: This protection covers any losses or damage in your vehicle.
  • Duties After an Accident or Loss: These are your responsibilities after an accident or loss. If left unfulfilled, your coverage might be lost.
  • General Provisions: These are the conditions that apply to your insurance policy.

Make sure to understand the insurance policy that you availed, so you won’t regret it later.

Read Also:

  • Car GPS Tracker
  • Sportline Tuning & Style Magazine Auto Show
  • UCCP Lord of the Wheels
  • DISTAS 2017 District Assembly
  • All About Wigo 1st Anniversary
  • What is TPL or CTPL Car Insurance
  • What is Comprehensive Insurance?
  • Anti-Distracted Driving Act (ADDA) effective TODAY July 6, 2017
  • Choosing the Cheapest Car Insurance
  • Car Insurance Philippines
  • List of Traffic Violations in the Philippines
  • Do I Really Need to Buy Car Insurance?
  • Top Fuel Efficient Cars
  • Bank Financing Insurance Penalty
  • Car Registration Renewal in Philippines
  • What You Must Know About Plate Issuance
  • Self-driving cars: Changing the world, one road at a time
  • 4 Things to Do When Your Car is Towed
  • What Would Happen if you Flee from a Traffic Enforcer on Duty
  • How to Deal with Christmas Rush and Avoid Traffic
  • How to Maximize Fuel Efficiently
  • Cleaning Different Types of Steering Wheels
  • License Renewal in Philippines
  • Different Types of Fuel
  • Car Loan Applications: Tips and Tricks
  • What does kilometer post mean
  • Types of Drivers License in Philippines
  • Proper use of side mirror while driving
  • How To Determine Car Registration Expiration
  • How to Avoid Car Accidents
  • How to Change Car Oil
  • Traffic Sign or Road Sign
  • What will you do when you got into car accident
  • Chattel Mortgage for a Car Loan: What Is It and Its Benefits
  • Basic Car Maintenance to Learn
  • Knowing the difference between personal loans and car loans: Which is cheaper?
  • When To Replace Headlights
  • Commuter Carpool Saves Time and Money
  • Why refrain from making modifications to your car
  • Embrace the Art of Eco-Driving with These Steps
  • How to be a SaferDriver
  • The crash of five car dealership outlets amidst coronavirus
  • Change in bus routes under GCQ
  • Fate of PUJs under GCQ
  • Manual vs Automatic Cars: The Best For The Road
  • Diesel vs. Gasoline: What Factors Should Matter?
  • Car Blessing in the Philippines
  • Understanding the Different Types of Car Insurance
  • Stay Protected with the Right Car Insurance Policy
  • How to Get Your Car Blessed in Antipolo and Manaoag
  • Most Commonly Ignored Road Signs and Why It Shouldn’t Have Remained Ignored
  • Things you need to know before taking the LTO Exam
  • LTO Reviewer (Tagalog)
  • Why Left Lane Hogging Should Be Avoided
  • What is the meaning behind the driver’s license restriction code?
  • A Guide on How to add Restriction Codes to your Driver’s License
  • A Detailed Guide On Comprehensive Car Insurance
  • Why Do You Need Car Insurance Participation Fee
  • Guide on how to get Autosweep and Easytrip RFIDs
  • Why you should consider getting an RFID
  • Flooded Car? Here Are The Things You Should Do if Your Car Gets Caught in A Flood
  • Tips and Tricks for Washing a Flooded Car
  • Step by Step Guide to Insurance Claims for Flooded Car
  • Knowing Your Wheels: Differentiating SUV, AUV, and MPV
  • How to load your auto sweep / easy trip RFID
  • Why Car Plate Took So Long to Release?
  • When is the best time to renew car insurance?
  • Best Payment Option for You When Buying a Car
  • Safety First: The Crucial Duties of a Car Owner Through Safeguard Duty
  • Vaccination cards can now be used for local travel
  • Is Less Fuel More: Full Tank vs. Half Tank
  • Is It Bad to Turn Off Car Engine Immediately After Parking?
  • A Beginner’s Guide to LTO Online Driver's License Renewal and Registration
  • What is PMS in Car?
  • A Refresher: Number Coding Scheme in Metro Manila
  • A Detailed Guide on Where to Buy 2nd Hand Car in the Philippines
  • Declared Regular and Special Non-working Holidays for 2023
  • A Beginner’s Guide on How to Parallel Park a Car
  • How to Make Your Car Engine Rat-free
  • Traffic Update: A Detailed Guide on LTO’s Online Portal
  • An Ultimate Guide To Things To Do In Case Your Car Gets Flooded
  • What is the difference between Third Party Liability and Comprehensive Car Insurance?
  • How To Extend The Life of a Vehicle
  • The Ultimate Guide to Understanding Car Insurance: Everything You Need to Know
  • Shifting to the Single Ticketing System for Traffic Violations
  • 9 Reasons Why Car Insurance is a Must-Have for Every Driver
  • What is a Hybrid Car?
  • What are the Benefits of Using Electric Vehicles in the Philippines?
  • Acts of God: What You Need to Know About Car Insurance Coverage
  • What is Lemon Law in the Philippines? | How Do They Work
  • A Detailed Guide on the LTO Car Registration Requirements
  • Philippine Expressways Set for Seamless RFID Integration: TRB's Interoperability and Cashless Drive
  • Fuel Price Rollback: A Welcome Relief for Drivers
  • Safe Driving Tips for Holy Week Travel: Ensuring Peace of Mind with Car Insurance
  • House Bill Proposed to Increase Third-Party Liability Claim Limit for Commercial Vehicles
  • Navigating Metro Manila's Holy Week Road Works
  • Benefits of Having a Dash Cam on Your Travel