Sunday, May 16, 2010

Car Insurance

Car insurance is necessary whenever we purchase cars. Car insurance does not only cover the car itself but also the injuries incurred by the passengers of the car.

In our case, we asked quotations from different car insurance companies so we can find a much better deal. In the end, we decided to get the insurance from the insurance company accredited by Toyota. The insurance company is Mercantile Insurance Co., Inc.

Coverage of Mercantile Insurance includes, 1 year comprehensive car insurance, 3 years TPL (third party liability) and AOG (acts of God).

Comprehensive insurance covers the face value of the car and the injury of 1 driver and 4 passengers. TPL covers the injury of a non-passenger and AOG covers damages to car and life caused by natural disasters such as flood, typhoon, hurricane, volcanic eruption, earthquake and other convulsion of nature.

However, the policy is inoperative when the driver of the vehicle is found to be under the influence of alcohol or liquor.

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