Acts of Nature Insurance and why it’s an essential add-on in the Philippines

Mother nature’s mood swings shouldn’t be left to chance.

Acts of Nature Insurance and why it’s an essential add-on in the Philippines

Owning a car can be filled with uncertainty. Insurance is a way to protect our finances and our investment whenever something happens. Usually, an insurance plan will cover several aspects, but to get more coverage, there are add-ons that you can opt for to ensure more peace of mind. 

We can mitigate risks by being careful about our driving and where we park our cars. However, there are happenings that are beyond our sphere of control such as calamities or natural disasters. In the insurance industry, these happenings are referred to as “Acts of Nature,” or for the more religious, “Acts of God.” It is a common misconception that this feature is included in a comprehensive insurance policy, however, not all policies are made equal and some companies don’t always include this in the basic packages of their products. So when buying your insurance online or otherwise, consider acts of nature as a key add-on. 

Why do you need it?

Car Damage

Divine intervention is hard to stop, but that doesn’t mean you cannot prepare for it. Getting an insurance plan with this kind of coverage will save your investment from the dangers of this world that aren’t man-made. It all boils down to this, you can take steps to avoid people, but you have no choice but to live on planet Earth. Buying a car in the Philippines can be expensive in its own right, but keeping it pristine or protecting it from danger is another.  

Less difficulty can be had when a third party is involved, which means that there is someone at fault and can be tapped, however, if your property was damaged in the event of a calamity, natural occurrence, or unfortunate event then without this add-on, you’ll be left with a hefty repair bill. 

In a more contextual sense, the Philippines experiences its fair share of calamities from time to time. The country has a wealth of volcanic activity, torrential rains, and flash floods throughout the year, so it would be wise to invest in an add-on such as this. 

What does it cover?

Storm

Most insurance companies cover natural disasters such as floods, typhoons, hurricanes, earthquakes, volcanic eruptions, and even your run-of-the-mill falling fruit – and yes, falling fruit can wreak havoc on your car’s body panels or even the glass. Most, if not all, natural disasters are covered with this insurance add-on, and since we cannot always reliably predict when the next calamity will strike. 

How do you get it?

Contract

The “Acts of God” or “Acts of Nature” addition may not be ticked in your insurance policy. One of the ways to get this add-on is to get it from the start. This will increase your premium by some margin, so expect to pay a bit more for the policy. If you have an existing plan already, ask for modification. This process should be quicker since revisions to an existing plan will take less effort to finish. 

Our newest online feature allows you to buy an insurance plan online through your device from anywhere. To get this feature, simply indicate that you want this feature incorporated into your policy, and get a quote from an insurance provider. 

Things to remember

Money Coins

It is important to check the draft of your policy first before passing it on for processing. Make sure to learn the coverage of the add-on so when the time comes to make a claim, you’ll know what the company can cover and what it cannot. Each Act of Nature or Act of God add-on differs from policy to policy, so it is paramount that you ask about the specifics to the coverage.