Here’s an unsettling truth: Many homeowners in the Philippines don’t get fire insurance.
Either they don’t think it’s important enough, or they feel that it’s just a waste of money. Thing is, this is exactly what puts them in grave danger — and by the time they realize this, it’ll be too late.
Here are four reasons why you should seriously consider getting fire insurance in the Philippines.
- The Philippines is fire-prone
Did you know that in 2018, there was an 84 percent increase in fire incidents across the Philippines?According to statistics from the Bureau of Fire Protection (BFP), a total of 14,316 fires were recorded from January 1 to December 27. 3,943 of these happened in Metro Manila. Numerous factors influence this, including our climate and the proximity of living spaces here in the Philippines. The risk of fire is ever-present, and you would do well to safeguard yourself and your belongings in case of any unfortunate incident.
- Fire insurance covers your furniture, appliances & stocks
With reliable fire insurance in place, you can rest easy knowing that whatever happens, your belongings are secured in the event of a fire.
- Fire insurance doesn’t cover just fires.
Say for example that the unfortunate possibility in your head actually becomes a reality, and a fire engulfs your property. You’ll be relieved that you have a fire insurance in place.But what if something else hits you? Like, say, an earthquake or a typhoon?The good news is that some providers may also offer additional coverage as part of your fire insurance. You can get fire insurance that also comes with protection against floods, accidental property damage, malicious property damage, and even robbery and burglary.
- You just never know when a fire could hit
Last but not the least — you can never tell when a fire could come along and burn all your dreams and hard work to the ground. It’s not uncommon in the Philippines to hear about a dropped candle or gas range left running, inadvertently causing a fire. The fact is that fires can happen anytime, and they won’t care if you have enough to pay for the damage they cause or not. That alone should be more than enough reason to get fire insurance.
you can never tell when a fire could come along and burn all your dreams and hard work to the ground
Just in time for Fire Prevention Month, think about your current arrangement at your living quarters. Do you think you should start considering getting fire insurance to safeguard your future? Contact our Risk and Asset Advisors today via (632) 706-3959 or visit www.fgeninsurance.com.
Don’t let fire burn your dreams to the ground.