Saturday, December 8, 2018

Why is it important to have a Car Insurance in the Philippines?

Accidents could happen anytime, it's best to be prepared than sorry

Disclosure: This is a sponsored post. 

Every thing that we worked hard for is important to us. Your car is also an important investment because it brings you to places you must go to. Therefore, you need to take all measure possible to preserve it for as long as possible. I'm pretty sure that before making that car purchase, you must've made some research about it and I'm sure that the word car insurance has also crossed your mind prior to making that purchase. 

If you are still unsure about car insurance even after buying your new car then allow me to enlighten you about the many benefits of having car insurance. You can take insurance anytime after buying your car but we do recommend taking one immediately just after you have got your first car. It is very important for you to get one as soon as possible. 

Sometimes no matter how much you drive safely and carefully, we all know that discipline on the road is one of the major problems in the Philippines right? So it is really practical to get a car insurance in the Philippines. We never know if and when we meet an accident. It happens even to the best of people, regardless of gender, status in life and age. 

One trusted car insurance that also includes protection from natural calamities (acts of God i.e. earthquake, floods etc.)  is the extensive car insurance policy from Malayan Automaster from Malayan Insurance Company. It gives protection from theft, automobile damages and like I've said, acts of God, giving you peace of mind and worry-free travels. 

Here are some of the reasons why you should be getting a car insurance in the Philippines:

  • Your damages will be paid in case of an accident

Car accidents are unpredictable and it can happen with anyone. You can never be too sure such an event won’t happen to you ever and therefore it is always better to be prepared for the worse. As they say, it's best to be safe than feel sorry later on with much regrets. Imagine if your newly purchased car suffers any damage during a car accident, the car insurance can actually help you fix your car sans much hassle. For one, it won't burn a hole into your pocket. It doesn't matter how major or minor the accident is car insurance will definitely provide you a substantial financial leverage to make sure your damaged car will look as good as new. 

  • Getting a Car Insurance Will Reduce Any Liability
Car insurance will be helping you if you're involved or responsible for any car accident and might have caused any significant damage to a second or third part involved. Your car insurance will be paying for the additional costs like medical bills in case there's an injured person, the money for damaging someone else's property among many others. It also saves you from a personal lawsuit that could have caused you more financially speaking. The extend up to which your car insurance can help you will depend on a variety of factors like the extent of damage caused by you or if there's any loss of life. But one thing's for sure, having a car insurance will be a great help than not having one at all. 

  • Car Insurance Covers more than what you thought
Car insurance can help you if your car has damaged someone's property, covers the medical bills of the people involved in the accident and helps you in a personal injury case. It doesn't matter if you're the one responsible or the affected party, car insurance will help if you are injured physically. This is one of the biggest advantages of having car insurance as we all know the skyrocket amount that medical bills can reach especially in private hospitals. 

To encourage more people to get car insurance, many companies are coming up with many discounts and offers. This is available mostly online and new car owners can save a great deal by getting car insurance when they buy their new car.

When it comes to worst case scenarios, if your car needs an upgrade and you would want to buy a new car instead, you may also opt to trade in your car in exchange for cash. 

These were just the three reasons why it is is important to have a car insurance and how getting one can help you in unimaginable ways.

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