Auto insurance

Here are the common mistakes owners make when buying car insurance

As the world begins to open up, Filipinos are now enjoying increased mobility. More and more people are returning to work locally, traveling to the provinces and visiting their hometowns, among other places.

KEY POINTS TO REMEMBER

  • What does Axa Philippines auto insurance cover?

    Axa Car Insurance Online is comprehensive car insurance that can protect you and your vehicle against damage, theft, bodily injury, third party property damage, personal accident and acts of nature.

  • How does Easy Claims work in the Emma by Axa Philippines app?

    In the app’s Easy Claims feature, you can simply take a photo of the damage to your vehicle and the required claim documents, upload it to the Emma by Axa PH app and wait for a confirmation text or email within the 48 hours. .

  • If you need the mobility of a vehicle, then you will need to invest and protect it. One way to do this is to have a reliable insurance product that protects your vehicle as well as your loved ones against third party damage and liability. It will also bring you more financial benefits in the long run, and with recent oil price hikes, we don’t want to add more unnecessary expenses.

    If you are planning to buy a car soon or renew your insurance policy, Axa Philippines Retail Propositions Senior Segment Manager for Axa Car Insurance OT Monzon shares some common mistakes to watch out for when choosing car insurance.

    Not getting enough coverage

    Every vehicle owner is required by law for the registration of any vehicle to obtain compulsory third party liability insurance or TPL, which only covers bodily injury, permanent disability, medical expenses and death benefit for third parties involved in an accident. However, it is best to check out other optional coverages as this can help you get better protection not only for your vehicle but also for yourself and your family members.

    Consider getting comprehensive auto insurance, which provides comprehensive protection against perils such as accidental collisions, theft, third-party bodily and property damage, personal accidents, and damage from natural disasters.

    In the absence of research

    With any purchase, research is strongly encouraged to ensure you get the best deals.

    First and foremost, research the insurance company and verify its legitimacy. Once you have chosen a provider, understand how their rates are determined and their pricing systems regarding frequency of claims to ensure you are being charged the correct premiums. Monzon also suggests looking into the impact of deductibles or participation fees, which is an amount you pay out of pocket to your car insurance provider each time you make a claim before the insurer releases the rest. the value of the claim. Make sure you will be able to pay the agreed deductible in the event of a claim.

    Settle for the cheapest premium

    It’s good to check out all of your available options and see what’s out there to make sure you’re getting the right car insurance for yourself, whether in terms of coverage or budget. So before settling down, shop around first and check out the competition. Another money-saving tip from Monzon is to ask for discounts or even a bulk rate if you want to insure multiple vehicles.

    Honda HR-V

    Withhold information

    Some people actively withhold or falsify information in order to get a lower premium. However, this can only cause the owner more problems in the long run because you won’t have all the protections you need. Providing inaccurate information may result in your future claims being denied.

    Buy without understanding the contract

    When buying auto insurance, be sure to read the terms and conditions of the policy carefully and ensure that the appropriate coverage and premiums are listed. Remember that your insurance provider should guide you and answer all of your questions through the process to ensure that you understand what you are agreeing to.

    Considering all these tips, it is very important to find the right insurance provider for you. Axa Philippines, one of the leading insurers in the country, offers Axa Car Insurance Online, a comprehensive car insurance that can protect you and your vehicle against damage, theft, bodily injury, property damage to third parties, personal accidents and natural disasters.

    It also gives you access to Rescue Line on the Emma by Axa PH app, which gives you a wide range of emergency services available nationwide with just a few taps on your phone.

    Axa Car Insurance You can also take advantage of services accessible through the app’s Easy Claims feature, where you can simply take a photo of the damage to your vehicle and the required claim documents, upload it to the Emma by Axa PH app, and wait for a SMS or email confirmation within 48 hours. The app also gives you access to services such as 24/7 roadside assistance and LTO registration assistance.

    Photos of Honda Cars Philippines Inc., Axa Philippines