- FIRE AND ALLIED LINE
FIRE INSURANCE is an insurance against loss by fire, lightning, windstorm, tornadoes, earthquakes and other allied risks, when such risks are covered by extension to fire insurance policies or under separate policies.
- Fire and/or Lightning
The insurance company will reimburse the insured if the latter’s property, or and part thereof, is destroyed or damaged by fire and/or lightning, or by efforts to extinguish the fire.
- Earthquake Fire and Earthquake Shock
This insurance covers loss or damage (including loss or damage by fire) to any of the property insured by this Policy occasioned by or through or in consequence of earthquake.
- Riot, Strikes & Malicious Damage
This insurance shall extend to cover loss or damage to the property insured directly caused by Riot and Strike.
The insurance under Riot and Strike Endorsement shall extend to include Malicious Damage which for the purpose of this extension shall mean loss or damage to the property caused by the malicious act of any person whether or not such act is committed in the course of a disturbance of the public peace.
- Extended Cover
This is another type of insurance which is written in conjunction with a fire insurance policy and covers loss or damage to ay property insured occasioned by or through or in consequence of explosion, aircraft vehicle or smoke.
This insurance which is written in conjunction with a fire policy covers loss or damage to the property as a result of robbery, as defined in Article 293 of the Revised Penal Code.
- Business Interruption
This insurance which is written in conjunction with a fire policy, covers loss of anticipated net profit, fixed continuing expenses and salaries of certain key personnel to the extent that they would have been earned had no loss incurred during the business shutdown because of damage to or destruction of property by any of the perils under the fire policy.
- Residential Insurance Package
LA CASA is a comprehensive homeowners insurance policy that has been specially designed to provide insurance protection for your most valuable asset --- your home. It also gives you the option to obtain liability and accident coverage for our family and your household members. Whether you own your house, condominium unit or you are simply a tenant, La Casa affords protection for your home and your personal property by allowing you to obtain coverage that suits your needs. You can opt to insure just your house or its contents or both at an affordable cost.
The following are the options of La Casa Coverage:
- La Casa Simple
La Casa Completo
- Loss or damage to property due to Fire and Lightning;
- Supplementary Coverage: Relocation Allowance, Legal Assistance, Hospital Allowance, Bereavement Assistance and Home Assist for residence within Metro Manila and ICU Assistance for residence outside Metro Manila
- Loss or damage to property due to Fire and Lightning, Typhoon, Flood, Extended Cover (Explosion, Aircraft, Vehicle, Smoke), Riot, Strike, Malicious Damage & Robbery including Comprehensive Personal Liability and Family Personal Accident Insurance.
- Supplementary Coverage: Debris Removal, Fire fighting Expense, Residence Employee Properties, Professional Fees, Condominium Loss Assessment, Temporary Accommodation and Home Assist for residence within Metro Manila only.
MOTOR CAR INSURANCE
MOTOR CAR INSURANCE is an insurance that provides financial protection to motor vehicle owners against the loss of or damage to a motor vehicle and legal liability to third parties and/or passengers for death, bodily injury and damage to property.
PERSONAL ACCIDENT INSURANCE
PERSONAL ACCIDENT INSURANCE is an insurance that provides pecuniary compensation for expenses or loss of income brought about by death or bodily injury arising from violent, external, visible and accidental means.
Some of the common engineering lines we offer are the following:
- Contractor’s All Risk (CAR) Insurance
This insurance offers comprehensive and adequate protection against loss or damage in respect to the contract works, construction plant and equipment and/or construction machinery, as well as third party liability arising in connection with the execution of a building project.
- Erection All Risk (EAR) Insurance
This branch of engineering insurance offers comprehensive and adequate protection against all the risk involved in the erection of machinery, plant and steel structures of any kind, as well as third party claims in respect of property damage or bodily injury arising in connection with the execution of an erection project.
- Electronic Equipment Insurance (EEI)
Both material damage and loss of information suffered by external data media used in computing facilities are coverable under Data Media Insurance.
The term electronic equipment comprises, in the context of this insurance, all electrical systems that generally have only moderate power requirement. Material Damage cover available for many types of low or medium power electrical equipment, including:
- Electronic Data Processing (EDP) equipment
- Electronic and radiation equipment for medical use
- Communication facilities
- Miscellaneous equipment
Additional expenses for computer operation, which may arise if the Insured’s computer breaks down, are coverable under Increased Cost of Working Insurance.
FIDELITY GUARANTEE INSURANCE is an insurance that protects companies from financial loss due to employee’s dishonesty, forgery, embezzlement or larceny, fraudulent conversion of money, stocks or other property.
MONEY, SECURITIES AND PAYROLL
MONEY, SECURITIES AND PAYROLL ROBBERY INSURANCE is an insurance that protects companies from loss of money and securities by theft or robbery while in the company’s premises, during collection and delivery and while being transported from one place to another.
MARINE INSURANCE is an insurance against risk connected with navigation to which a ship, cargo, freightage, profits or other insurable interest in movable property may be exposed to during a certai voyage or fixed period of time.
BONDS is an agreement whereby one party (Surety), in consideration of a service fee (premium), guarantees the performance of an obligation or undertaking by another party (Principal) in favor of a Third Party or beneficiary (Obligee)
COMPREHENSIVE GENERAL LIABILITY INSURANCE
COMPREHENSIVE GENERAL LIABILITY INSURANCE is an insurance whereby the insurer assumes the pecuniary liabilities that the insured may incur for the death of or injuries sustained by the third parties or for the destruction of or damage to the property of third parties as a result of the fault or negligence of the insured in connection with operation or maintenance of his business.