After months of comparing quotes from various car dealers, you’ve finally decided to purchase your own car. But the decision-making does not stop there. You still have to decide on and purchase what car insurance is suited for your vehicle and what actually fits your budget.
A car insurance is a type of policy that is usually purchased by vehicle owners wherein they pay a certain premium in exchange for coverage provided for by the insurance company. This gives financial protection to car owners in case of unforeseen incidents such as damage to the vehicle, injuries while driving the car, and theft of the vehicle insured.
Similar to the tedious research you did prior to deciding to purchase your car, there is also a lot of research needed to be done when searching for the right car insurance for you. For instance, it is easy to assume that since the word “comprehensive” is included in the comprehensive car insurance, does this mean that the policy covers you from all possible damages? Insurance companies offer a variety of coverage for car insurance. However, there are basic inclusions that are present in almost all.
AutoCARE Insurance, a product offered by Cebuana Lhuillier Microinsurance is a standard comprehensive car insurance, valid for up to 12 months, that covers:
Theft, loss and/or damage
Excess bodily injury
Excess property damage and acts of God/nature
This includes Auto PA based on seating capacity maximum of 5 seats, including the driver.
In just 5 easy steps, you can avail of a comprehensive car insurance that gives you security whenever you’re on the road.
- Visit any Cebuana Lhuillier branch near you.
- Request for your preferred insurance policy.
- Present the payment for the Certificate of Cover.
- Accomplish and sign the Certificate of Cover.
- Secure the Certificate.
Take note that you’ll need the following documents, whether in physical copies or digital files:
- Vehicle’s Original Receipt
- Vehicle’s Certificate of Registration
- Driver’s License
- Valid Government ID
An important thing to note when selecting the right insurance for your car is their financial capability and stability. Like any document you’re signing, it is of utmost importance that you read the fine print and take up any terms within the contract you may find questionable with your insurer.
Last, a comprehensive car insurance policy does not cover everything so finding the right policy that covers your needs. As a precaution, choosing a policy that covers Theft and Acts of Nature is a smart move.