Minimizing The Impact Of Loss
Filipinos are not as conscious as Americans when it comes to insurance coverage. Most of us view it as an additional expenditure and in the case of life insurance, as a bad sign of anticipating death.
Such views are mainly due to our lack of understanding on the benefits that insurance brings. Simply put, insurance transfers the burden of loss from one shoulder to another in exchange for a premium. It therefore relieves us or our loved ones, from the anxiety, worry, and stresses of financially coping up to a certain loss.
There are a lot of insurance policies available like car insurance which covers accidental impact, theft, and other acts against our automobile. On the other hand, having a home insurance protects us from natural and accidental events that can damage or rob us of our property.
The key to benefiting from it is to understand the policy of the insurance you intend to apply and to choose plans according to your need.
It’s true. Kasi nasa isip na ng karamihan na another gastos na naman ang insurance. You’re right, marami kasing Pinoy na hindi alam ang importansiya ng insurance. Makarinig lang Insurance hayan karipas na ng takbo si Juan. Pero sa states, naku tao pa ang lumalapit sa mga Insurance Agent!
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AMBO,
you really cant blame most filipinos. with most of us living on a minimum to less than the minimum wage, how can we expect them to invest for the future when the salary they are receiving is not even enough for the present.
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