VEHICLE INSURANCE
Get on the road and drive worry-free with our quickest and most affordable comprehensive insurance to protect you and your vehicle. Our vehicle insurance can be applied for private and commercial vehicles, motorcycles, trucks, and fleet for both individual and corporate accounts.
IMPORTANCE OF VEHICLE INSURANCE TO YOU
Car Insurance or vehicle insurance in general is a financial protection in case you get into a car accident and causes damage to your car or someone else's vehicle and resulting injuries to the passenger and/or driver. Vehicle insurance can also protect your vehicle from damage caused by an accident or different perils, like falling objects, fire, or theft.
In general, vehicle insurance is not expensive. It is a smart option to protect your investment and save more rather than shouldering all damage expenses associated to your vehicle if accidents happen.
VEHICLE INSURANCE BASIC COVERAGE
Own Damage/Theft Provides
financial protection against loss, theft (carnappers, theft of parts), and damage incurred to the insured vehicle due to accidental collision, falling, fire, explosion, overturning, and malicious damage
Acts of Nature/God (AON/AOG)
Provides financial protection against force majeure. This coverage helps and protect your vehicle from unexpected losses and damage directly caused by natural disaster such as typhoon, flood, hurricane, volcanic eruption, earthquake, or other convulsions of nature.
Voluntary Third-Party Liability (VTPL) – Bodily Injury
Provides financial protection against third party liabilities from bodily injuries in excess of the CTPL cover and property damage.
Voluntary Third-Party Liability (VTPL) – Property Damage
Financially protects the policy holder for damage to third party property arising from accident caused by the insured vehicle.
Auto Personal Accident (Auto PA)
Financially protects the insured and his car passengers against bodily injury or death if an accident occurs.
Other Complimentary Benefits
- 24/7 Towing Assistance / Service Transport if needed
- Battery Servicing Assistance
- Tire service Assistance
- Roadside Assistance
- Locksmith (Key) Service Assistance
- Fuel Service Assistance
- Ambulance/Emergency Assistance
Act of Nature/God Extensions of Coverage
- OAC Auto Roadside Assistance, which extends cover to include (PC Policy only)
- Free Minor Roadside Repairs
- Free Hotel Accommodation
- Free Return of Driver
- Free Battery Boosting / Jumpstarting
Basic Car Insurance Terms
| Deductible | Participation fee if the claim is due to an accident where the assured needs to pay a portion of the claim |
| Deductibles of AON | Participation fee if the claim is due to Act of Nature/God where the assured needs to pay a portion of the claim |
| At Fault | the person/s who is the main cause or responsible for the accident |
| Claim | the request from policy holder to cover or reimburse any accident damages or loss expenses |
| Depreciation | the % decrease in value of your car annually |
| Fair Market Value | the insurance company reference for estimated price of your car according to its model and series |
| Inception Date | the start or effective date of your insurance policy |
| Policy Schedule | indicates the full details of your insurance policy (price, coverage, validity, etc.) |
| Premium | the total amount to pay for your car insurance |
| Third-Party | it identifies the person outside of the vehicle involved in an accident that is not related to the policy holder or vehicle owners |
ENGINEERING INSURANCE
Secure the success of your venture.
We provides economic safeguard against unforeseen loss or damage to civil construction projects, installation project, and
machines and equipment in project operation.
Protect your construction project from start to finish.
- Residential & commercial buildings
- Factories
- Warehouses
- Roads/Bridges
- Oil/Gas Pipeline
- Airport and flyovers
CONTRACTOR'S ALL RISKS (CAR) / ERECTION ALL RISKS (EAR)
Provides protection against accidents, loss or damage of the contract works, construction plant, equipment and machinery,
third party claims of property damage and bodily injury during the construction project.
ELECTRONIC EQUIPMENT INSURANCE (EEI)
Provides protection for sudden and unforeseen loss or damage to electronic equipment
Machinery Breakdown (MB)
Covers the cost of repairing or replacing insured machinery following breakdown
DETERIORATION OF STOCKS
Coverage against deterioration of goods placed in cold storage due to the breakdown of refrigerating machinery.
BOILER & PRESSURE VESSEL INSURANCE
Coverage for boilers and vessels against the risk of explosion and collapse.
FIRE/PROPERTY INSURANCE
Secure the success of your venture.
Property insurance provides protection against most risks to property, such as fire and act of nature/God. This includes
specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, and home insurance.
In the Philippines, thousands of lives and billions worth of property are lost every year because of seemingly inescapable
fires, and other unforeseen circumstance where sometimes caused by negligence or act of nature.
We don't have the capability to predict these unexpected and unforeseen circumstances. In this kind of situation, RA Quick
Insurance Service Agency with our trusted partners are here to help you get covered and protected, your partner for a better
life.
Residential : property used as dwelling, townhouses, and condominiums
Commercial : property used as retail stores, hospitals, churches, restaurants, shopping malls, department
starts, and other trading operations
Warehouse : property used as storage for goods or stocks in trade
Industrial : property used as factories and other manufacturing functions
COMMON COVERAGE
- Fire and lightning
- Earthquake, fire and shock
- Typhoon & Flood
- Smoke Damage
- Vehicle Impact
- Falling Aircraft
- Broad Water Damage
- Sprinkler Leakage
- Bursting of Water Tanks and Pipes
- Landslides/Subsidence
- Vandalism, Riot, strike and malicious damage
- Robbery/Burglary
MARINE INSURANCE
SECURE AND GROW YOUR BUSINESS
Protect your goods against accidental loss or damage whether import, export, interisland, or inland cargo from point of origin to the final destination.
MARINE CARGO INSURANCE
This covers losses or damages to goods while in transit, whether on land, sea or air.
MARINE HULL INSURANCE
This covers losses and damages to the yacht & vessel's hull, machinery and equipment, including collision liability.
TRAVEL INSURANCE
TRAVEL WITHOUT WORRY!
Travel Insurance protects you from financial risks and losses that can occur while traveling domestically and internationally. These losses can be minor, like a delayed suitcase, or significant, like a last-minute trip cancellation, replacing lost
passports, cash wire assistance, and re-booking canceled flights, or in a medical emergency while on trip.
BONDS
Bonds is an agreement among three parties where the insurer agrees to pay losses caused by criminal acts (e.g., fidelity bonds) or the failure to perform a specific act (e.g., performance or surety bonds). The principal (i.e., the party paying the bond premium) is also called the obligor (i.e., the party with the obligation to perform). If there is a default, the surety (i.e the insurer) pays the loss of the third party (the obligee). The obligor must then reimburse the surety for the amount of loss paid.
COMMON BONDS ISSUED
- Bidder’s Bond
- Surety Bond
- Performance Bond
- Advance Payment Bond
- Labor and Materials Payment Bond
- Warranty bond