
A car insurance policy may have different coverages that will protect you and your assets .1. Collision (Repairs to your own car)
This coverage takes care of your own car's repairs after having a collision. Usually applies a deductible of 5% on the market value of your car. Some companies allow deductibles from 2% up to 10% ; If you choose a high deductible you will have a lower premium. Windshields and windows are covered within this coverage applying a 20% of deductible on the value of the window. 2. Theft This insurance coverage is extended to cover your loss from fire, earthquake and flood. 3. Medical Expenses to Occupants 4. Liability ( Bodily Injury Liability and Property Damage Liability) The usual sum hired for this coverage goes from 750,000 pesos up to 1.5 million pesos. ( 1 million pesos is the recommended.) 5. Legal Assistance |
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