- Country Bankers Insurance Corporation (CBIC) released its Fire Insurance fit for ever beneficiary
- CBIC intended to prevent the increase of fire incidents in the Philippines
The Philippines, being a tropical country, is prone to fire-related instances and calamities. In fact, statistics showed that during the beginning of 2018, there were eight recorded fire incidents happened within Metro Manila, which caused much damage to the community and its residents’ properties.
Indeed, the unpredictability of this destructive circumstances calls for more efficient and reliable means of security for one’s belongings and lands.
“It is time that Filipinos change their old view of fire insurance as something unnecessary. Nobody wants to see the investment they have worked so hard for to just turn into ashes — literally. Whether big or small, homes should be covered by insurance because accidents occur anytime, anywhere and to anyone. It is best to be ready at all times,” says Geraldine Desiderio-Garcia, senior vice president and general manager of Country Bankers Insurance Group (CBIG).
Based on reports, there were 1,217 fire incidents reported in the first quarter of 2017, a decline from the
1,381 recorded fires in 2016. Despite this slight decrease, the Bureau of Fire Protection (BFP) reported that the cost of damages and casualties was higher than the year prior.
Insurances have evolved over the years, says Garcia, improving the quality and scope of fire insurances and giving homeowners affordable options that fit their lifestyles.
“Some fire insurances cover a person’s property against fire and lightning (buildings and/or contents), some have available insurance for allied perils such as earthquakes, typhoons, and floods. Optional supplementary covers may also be availed, which include covers like clearing of debris, firefighting expenses, and household employee belonging. Really, insurance has become dynamic because we only want to provide homeowners security and protection, to give them peace of mind during times of distress,” Garcia explains.
Country Bankers Insurance Corporation (CBIC), a subsidiary of CBIG, has expanded its fire insurance portfolio to make sure that all homeowners’ requirements are covered. CBIC continues to come up with innovative products to answer to every insurance need of the individual consumer.
This is why veteran actress/comedian Ai Ai delas Alas is a loyal endorser and partner of the corporation. She entrusts her properties with CBIC and confessed to being at ease whatever life may bring her way. She’s ready and equipped.