General: This insurance provides coverage for damages to any property, which includes the home, vehicle, equipment, etc., and is often the least expensive of all the insurance types. The basic policy provides the insured’s name, address, contact number, and the details of their personal properties that may be damaged, insured. It does not cover physical damage to your person. If you are injured, it will pay medical expenses.
Liability Insurance: This is the kind of insurance that protects the insurer in case you cause a person to incur personal injuries or property damages, as a result of your carelessness. Liability Insurance is not for the whole amount of the property, but is the percentage of the loss. Liability Insurance is used to reimburse the losses caused by injury or property damages, by your negligence.
Life Insurance: This type of insurance is usually used to provide the benefit on the death of a person. It pays for funeral expenses and also gives money to the survivors of the deceased person.
Car Insurance: This insurance is designed to help protect your car against damages caused by theft or accidents, or by damages caused by nature. Car Insurance is available in two forms. The first is the Comprehensive, which is for all types of damages caused by theft or nature, while the second is the Property and Casualty insurance, which cover only those damages caused by nature.
Medical Insurance: This type of insurance is usually a combination of the above three types and helps cover any expenses related to medical costs, such as surgery, hospital bills, etc. it also pays for any medical expenses related to accidents, which are not covered by the insurance. This kind of insurance helps to pay for other expenses, such as travel expenses, such as to get to the hospital, and for the cost of treatment, if required. These include:
CPCU Insurance designation is a company, which provides insurance services in the Philippines, offering a variety of insurance products, in addition to the above mentioned categories. They are one of the best insurance companies in the Philippines and have been providing services for almost seven decades. They are part of the leading insurer company, which is INA.
The services provided by CPCU include: Medical Insurance; Life Insurance; Property and Casualty Insurance; Car Insurance; and other types of insurance products. All these products are designed to give you the peace of mind that your assets and life are well protected, should you be faced with an unexpected event, which could affect your business or your family’s financial status.
Medical Insurance is designed to cover costs incurred for accidents that can lead to a loss of life. The insured can choose from the various health policies offered by CPCU. to suit their needs, depending on the need.
Life Insurance is designed to cover the benefits earned on the death of an insured, such as his salary, investment in the business, and property. Life Insurance can be designed to pay the beneficiaries and dependents, as well as his dependents’ heirs. of the insured. Life Insurance can also be structured to cover mortgage, medical and funeral costs. It is very useful, especially when you are starting a family.
Property and Casualty Insurance is designed to cover the loss or damage to your property and personal possessions, which are caused by a mishap that causes damage, theft, natural calamities, and any other events that have occurred, which could affect your financial situation. Property and Casualty Insurance also protect your home, if you are living in the house or on the land. It is useful in times of crisis, as it can help you in making mortgage payments, and also provide monetary assistance for the repair, replacement or renovation of your belongings.