Owning a car comes with a lot of responsibility - and unpredictable risks including acts of nature.
That’s why we have car insurance. It’s a way to help us with financial protection in the event anything unexpected occurs---yes, even natural disasters, or “acts of nature.”
Acts of Nature (also known as, “Acts of God” or “force majeure”) is a type of insurance coverage designed to cover your vehicle against damage caused by natural disasters, including:
- Typhoon and flooding
- Hurricanes and heavy rains
- Volcanic eruptions
- Animal damage
Worthwhile Coverage for Car Owners in the Philippines
The Philippines is a tropical country that is exposed to natural disasters that happen quite often and quite unpredictably. From volcanic explosions, flash floods, and typhoons, among others. Coverage like this is a very smart idea to add to your car insurance policy, especially if you live in a disaster-prone area. And because we can't always predict when the next catastrophe will strike, it's a good idea to have it.
Car Insurance Coverage Worth Getting
Acts of Nature coverage isn’t standalone insurance coverage and is added to your comprehensive insurance policy. Typically, the Acts of Nature coverage is an additional 30% to 40% of your annual insurance premium. Meaning, if your annual insurance premium is 15,000 pesos, your Acts of Nature coverage would range from 4,500 pesos to 6,000 pesos. Adding Acts of Nature coverage would give you total annual insurance premium of 19,500 to 21,000 pesos.
Sounds expensive? Actually, it isn't. Natural disasters like typhoons, which bring in high winds and flooding, earthquakes that topple structures, and even volcanic eruptions that blanket everything in acrid dust at the very least, are just some of the most damaging and least predictable dangers that can ever happen to you and your vehicle. The annual premium that you pay doesn't compare to the sudden financial burden you'll face if you don’t have the financial protection that Acts of Nature coverage offers.
Want to know more about the different coverages you can get for your used or repossessed car or motorcycle? Assurance.ph will help you find the answers to your questions, and the coverage the best fits your needs and budget.
Assurance.Ph is your partner in providing protection for your vehicle, property, and passengers in the Philippines. Together with Automart.Ph and Motomart.Ph, we help car and motorcycle owners choose the protection package that suits their needs and budgets, and ensure easy and affordable access online and offline. Chat with one of your Assurance Advisors via Viber (0956 302 9631), or at 0915 705 2031 and 0905 205 0402. You may also email us at firstname.lastname@example.org to know more about the insurance packages that Assurance.Ph offers.