We often hear about upcoming typhoons and floods in the country during this time of year. By now, we expect most people to be ready for the possible destruction of heavy rains. But to no avail, many still underestimate preparing early like getting home insurance in the Philippines.
Even if disasters like these are inevitable, we can still guard our safety and assets beforehand. Here is why you should get an insurance policy for rainy days:
Regular solution for recurring problems
The Philippines is visited by an average of 20 typhoons every year, and 5 of those are typically the most destructive. Our geographical location and physical environment contribute to high possibilities of a tsunami, sea-level rise, storm surges, landslides, flooding, and the like.
As these challenges are a regular occurrence, we should always be equipped with relevant insurance policies at hand. Insurance plans today are also more inclusive and can cater to more people of different statuses and financial capabilities.
Financial protection with other perks
For typhoons and floods, getting extensive homeowners insurance in the Philippines would be reassuring. This would secure your property with ample financial assistance. Additionally, extended coverage for bursting or overflowing of water tanks, pipes, and fittings due to the pressure of heavy rains can be included.
Driving in the rain can make you more vulnerable to road accidents as well. With comprehensive car insurance in the Philippines, perks like Third Party Liability, 24/7 Emergency Road Assistance, Ambulance Dispatch Assistance, and other Acts of God Protection would save you a lot of trouble.
Better reallocation of investments
Your personal emergency fund may not be enough to cover any big and sudden damages. As the economy is still at an all-time low, you need to be smarter with your money. Being insured would help you better manage your budget, and allocate more to other priorities and savings.
Dedicate some of your resources now to reputable non-life insurance companies in the Philippines and see the difference. Be more confident in facing heavy rains by insuring with Malayan Insurance today!