Importance of Auto Insurance

Auto InsuranceThe Philippines, like her neighbor Japan, is situated in the Pacific Ring of Fire, a disaster-prone area. It is often prone to quakes, floods and typhoons. In fact, typhoons normally visit the Philippines by an average of 20 per year. Because of the government’s lack of planning and foresight, these take huge tolls on the country resulting in large damage to lives and properties. Also, unlike her Asian counterparts, Filipinos are not known to save up and insure their personal holdings.

But a slew of calamities that had wrought havoc around the country had made Filipinos to reexamine their financial planning habits. While still the lowest in the region, premiums for life and non life insurance are on the rise. Take ups of auto insurance particularly with acts of God cover are brisk. With rising income due to the booming economy, insurers are coming up with competitive package tailor fit for car owners’ every need.   A lot of add-ons are dangled such as free towing and roadside assistance to reel in cost conscious Filipinos to their fold.  Really, best deals ever for hardworking Filipinos.