A Lesson in Car Insurance

Typhoon Ondoy, one of the most recent typhoons that rocked the northern Philippines proved to be one Filipinos will remember.

Some people lost their homes
Some people lost their loved ones
Some people lost their pets
Some people lost everything

Although, we all have been burnt with this awful tragedy. I think it can be argued that we have learned a lot from Ondoy and the importance of insurance.

A really bad thing that happened was that most insurance coverages do not cover acts of God. This means that anything that was ruined due to the typhoon won’t be covered by the insurance company. None. Nadda. Zit.

We’ve been pumping a lot cash right now into repairing our vehicles for business. And when I say a lot, I mean a lot.

Lesson Learned

Be aware of your car insurance coverages. Most people never knew that there was such a thing as an act of God policy.

The good thing now is that auto insurance companies are now starting to offer insurances with this type of coverage and this time, making it known to their clients.

photo credits:Dan Saavedra,irislegal