![Self Accident Insurance](https://d1hv7ee95zft1i.cloudfront.net/custom/blog-post/original/self-accident-insurance-6127544ade17f.jpg)
While there are accidents that you can blame on another party, there are times when you just make a mistake, leaving your car damaged and in need of repair. That’s why insurance is a must, but what exactly do you get?
We won’t withhold the answer until the end of this article. Put simply, you need a comprehensive car insurance policy, but here are some of the things that you need to know about making a claim and the comprehensive policy that you need.
What is own-damage?
Own damage includes, but is not limited to:
- Damage while driving - Colliding with another car or obstacle
- Damage by fire - Due to self-ignition or an external explosion
- Theft - Fair market value can be reclaimed
- Vandalism - Criminal damage or theft of declared parts on the vehicle
However, it is important to note that there are certain scenarios that won’t be classified under own-damage, and therefore will not be covered by your insurance policy, unless you have the specific add-on.
- Acts of nature - damage that comes from natural disasters will not be covered unless an ‘Acts of God’ or ‘Acts of Nature’ add-on is availed
- Stolen car accessories - Unless otherwise declared by the insured party
The benefits of comprehensive insurance
The good thing about comprehensive insurance is that it covers most of what you need with just one policy plus a few add-ons for extra peace of mind. Getting a policy like this is infinitely better than the standard compulsive third-party liability (CPTL) that all cars must have when getting registered at the LTO.
Getting a comprehensive insurance policy will take a lot of the guesswork out of the equation. You get a lot of coverage and even more if you avail of more packages. It’s a rather fool-proof way of covering your precious automobile with a layer of protection that you’ll be glad to have if you ever get into an accident. You're also able to cover your own damages, as well as the damages of a third party.
Latest Features
-
Head to Head: MG G50 Plus vs Hyundai Stargazer / Featured Article
It's time for another Head to Head. This time, we're pitting two MPVs: the Hyundai Stargazer against the MG G50 Plus.
-
Best vehicles for an active outdoor lifestyle / Featured Article
Here's a look at some top picks for anyone who loves the great outdoors but doesn’t want to compromise on convenience.
-
What happens if you miss a car loan payment? / Tips & Advice
Glitches such as defaults, repossession, and other problems occur when the vehicle buyer cannot afford the repayments. Keep in mind that the guarantor will also be liable to shoulder these r...
Popular Articles
-
Cheapest cars under P700,000 in the Philippines
Aug 25, 2023
-
First car or next car, the Ford EcoSport is a tough package to beat
Jun 18, 2021
-
Car Maintenance checklist and guide – here’s everything you need to know
Earl Lee · Jan 12, 2021
-
Most fuel efficient family cars in the Philippines
Bryan Aaron Rivera · Nov 27, 2020
-
2021 Geely Okavango — Everything you need to know
Joey Deriquito · Nov 19, 2020
-
Family cars in the Philippines with the biggest trunks
Sep 20, 2023
-
Head to head: Toyota Rush vs. Suzuki XL7
Joey Deriquito · Oct 28, 2020
-
Why oil changes are important for your car
Earl Lee · Nov 10, 2020
-
2021 Kia Stonic — What you need to know about it
Joey Deriquito · Oct 16, 2020
-
Top 7 tips for buying a used car in the Philippines
Joey Deriquito · Nov 26, 2020