GENERAL LINES

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The most preferred type of cover protects motor vehicles (individual or fleet), motorcycles, or commercial trucks against loss in the event of an accident, theft, or damage caused by natural occurrences. 

This is an insurance coverage required by most Local Government Units (LGUs) prior to the issuance of a business permit. Or before granting the necessary license to operate a business by the Department of Trade and Industry (DTI).

This is a mandatory requirement prescribed by the Land Transportation Office (LTO) for the registration or renewal of one’s vehicle. It covers death or bodily injury of a third party in case of a road accident.

Fire Insurance covers one’s property against losses due to fire and/or lightning. It may also include coverage against loss by earthquake and windstorm. Allied Perils’ extensive coverage against flood. explosion, smoke, riot &/or strike, and malicious damage. Other extended covers may include: burglary, plate glass coverage, machinery breakdown, water damage caused by fire, and business interruption or loss of profit. 

A policy that covers the insured from expenses incurred due to an accident. It provides medical reimbursements for the treatment of injuries, and compensation for the permanent total dismemberment and loss of sight, speech, and hearing. If not death.

A broad policy that protects business owners/operators from liability to third parties, such as customers who suffer bodily injury and/or property damage arising from the business activities and occurring within the premises of the business. 

This covers losses of cargoes being transported either by air, land, or sea, subject to the limits, conditions, and warranties of the policy contract.  

This is a financial instrument that ties the Principal, the Obligee, and the Surety, where the Surety assures the Obligee that the Principal shall fulfill their obligations under the contract agreed upon. There are insurance providers that will guarantee your scheduled payments, interests, principals, and various securities in case of a payment default. 

This will safeguard the risks faced by ongoing construction projects, installation projects, and machines and equipment in project operation. These are lines, such as Contractor’s All Risks Insurance (CAR); Erection All Risks Insurance (EAR); Boiler and Pressure Vessel Insurance; and many more.