The Safety Net Called Insurance

I have always down played the importance of insurances until I actually met a vehicular accident. Good thing though that the only damage incurred is damage to properties and no living being was harmed. My appreciation came up after I received the actual repair estimate for our and the other party’s vehicle. It totals to around 65,000 pesos combined. If not for the insurance, where on earth will you get such amount?

My only problem is how slow processing the papers have become. It has already been more than two weeks and the repair have yet to start. I just wish that term insurance does not take such amount of time before it can be claimed.