All Articles With Category : Car Insurance

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Everything You Need to Know About Car Insurance

Most of the time when you purchase a car, you just sign up for whatever car insurance offered without even reading everything and digging into details. Why? Because it’s not interesting and you’re more enthusiastic about your new car and also, it’s not interesting at all. However, the details in your insurance are as valuable as the car. Try to read and know everything before signing up. If your issue is the budget, you can always find the cheapest car insurance in the Philippines, or even the best only if you find the time to research. Before you sign the dotted line, think about these considerations: Table of ContentsCoverageRiskPaymentVehicleReplacement PartsServiceDiscounts Coverage Find out what coverage you exactly need. Usually, liability coverage is the basic thing people sign up for. It’s more of the coverage of the costs of the injured or deceased party for an accident you are responsible for. This also covers legal fees along with repair costs for any damage done to another affected vehicle. There is also comprehensive car insurance, collision insurance, personal injury or personal accident insurance among other. Research for more before you commit to anything. Risk The rate is equal to how much risk are you in the bank or company.  The higher the risk, the higher the chances of you making insurance claim, hence the higher your insurance rate will be. Age, gender, health, driving, and criminal records as well as credit history and the area you live in are all taken into consideration in risk assessment. Teens and the elderly are more likely…

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