X44Lawin

27/05/2021

You cannot control harmful events that might happen to your property but you can protect yourself from loss or damage with the appropriate insurance coverage from a company you can depend on.
The Fire Insurance policy undertakes, for a premium and subject to conditions embodied in the policy contract, to pay the Insured for direct loss or damage to a particular property caused by an insured peril during the covered period.
Fire Insurance covers loss or damage to property caused by fire and lightning. However, the coverage may be extended to include, the following perils, subject to payment of additional premium:
ALLIED PERILS:
• Earthquake Fire / Shock
• Typhoon
• Flood
• Riot, Strike and Malicious Damage
• Extended Coverage (which includes the perils of smoke, explosion, falling aircraft and impact of vehicles)
• Broad Water Damage w/ Accidental Bursting and / or Overflowing of Water Tanks, Apparatus, and Pipes (BWD w/ABOWTAP)
• Sprinkler Leakage
• Landslide / Subsidence
• Spontaneous Combustion
• Robbery / Burglary

For inquiries, please call or text 09468771883

27/05/2021

Our Marine Insurance indemnifies the assured, subject to the limits of the contract, for losses incidental to a marine adventure. A marine adventure is a voyage or a period of time during which property is exposed to maritime perils.
Marine Insurance has three major lines:
1. Marine Cargo
This covers goods, property and/or merchandise in transit whether on land, sea or air. The standard coverage provided under the Marine Cargo Insurance policy are:
a. Physical loss or damage to insured goods which may result in either total loss (actual or constructive to the insured’s property) or partial damage (known as particular average)
b. Expenses to prevent or reduce loss (sue and labor)
c. Forwarding charges for goods discharged short of destination as a result of an insured peril
d. General Average or the sacrifice of one person’s goods in order to save a venture; the sacrifice will be made good by those whose goods are saved
The Marine Cargo policy may be extended to accommodate the following:
a. Marine Open Policies
b. Inland Marine / Truck Risks Coverage
c. Special coverage for project cargo including consequential loss
d. Container Van Insurance
e. Cover specially designed for certain commodities (Commodity Clauses, Frozen Meat, Frozen Food, Coal, Oil, Rubber, etc.)
2. Hull and Machinery
This insurance covers ships or vessels, their hull, machinery and equipment including liability arising from collision with other vessels. Its standard coverage are:
a. Physical Loss or damage to a ship’s hull, machinery or equipment which may result in either total loss, actual or constructive to the insured’s property or partial damage, known as particular average
b. Expenses to prevent or reduce loss (sue and labor, salvage charges)
c. General average contributions
d. Liability arising from collision with other vessels
Possible extensions of coverage for this line are:
• War and strikes risks and various acts of civil disturbance
• Additional perils clauses providing extended cover for a vessel’s engines and machinery
• Costs for sighting of a ship’s bottom even in the event of a potential claim
The products under the Hull and Machinery Insurance are:
• Builder’s Risks – it covers for the loss or damage to a vessel while under construction including materials which are not yet on board the ship at the time of loss
• Mortgagee Interest – this serves to protect the innocent mortgagee who suffers financial loss arising from some act or omission of a mortgagee which prevents him from claiming under normal marine, war and strikes, protection and indemnity insurers
• Port Risks Cover – it provides cover for vessels confined to a port or with limited navigation
• Yacht Insurance
• Marina or Yacht Club Insurance
• Limited Coverage (named peril basis)
• Total Loss Only Coverage
3. Ship Owner’s Liabilities (Protection and Indemnity)
Protects the ship owner or manager from any legal liabilities which he may incur in operation of a ship.
This insurance line provides certain forms of third party liability to which the ship operator is exposed (e.g. liability for damage to wharves, piers etc.). It also covers contractual liabilities for carriage of goods, employment of crew, etc.
For inquiries, please call or text 09468771883

27/05/2021

Western Guaranty Corporation offers the most cost effective and comprehensive solution for the protection of your property against loss or damage while under construction and during installation of machine and equipment. With Western Guaranty Corporation, you can build worry free.
Engineering Insurance covers all kinds of construction/installation of structures, machinery, equipment, systems and processes against loss, material damage and third party liability.
Types of Engineering Insurance:
1. Contractors All Risks (CAR) / Er****on All Risks (EAR) Insurance
Construction of buildings, installation of machinery, equipment, and systems insured under these lines are protected from all sudden and unforeseen loss or damage. Possible extensions to the CAR / EAR’s scope of coverage are:
a. Damage to Construction Plant Machinery and Equipment
b. Damage to Existing Property
c. Third Party Liability for Death or Bodily Injury and Property Damage
d. Removal of Debris
e. Testing and Commissioning (for brand new equipment)
2. Machinery Breakdown (MB) Insurance
Covers all types of industrial/commercial machinery such as boilers, generators, turbines, compressors, freezers, elevators, escalators and the like from sudden and unforeseen damages.
3. Electronic Equipment Insurance (EEI)
It protects electronic data processing equipment (computers), including its peripherals, from all sudden and unforeseen loss or damage. This insurance product may also insure material damage cover (hardware), data media center (software; data media and the cost of restoration of lost information) and increased cost of working (additional expenditures in case of a loss or damage).
Possible extensions of cover under EEI:
a. Mobile Equipment whilst within and outside the premises
b. Earthquake, typhoon, flood and other convulsions of nature cover
4. Property Floater Insurance
Covers mobile equipment/devices against all risks from external cause (excluding electrical and mechanical breakdown).
a. Heavy equipment (Mobile Cranes, Bulldozer, Backhoe, Pay Loader, etc.), Test/Maintenance Devices, Power Tools, Laptops
b. Boiler and Pressure Vessel Insurance covers damage to boiler or pressure vessel (other than by fire) caused by explosion or collapse.
Basic Underwriting Documents required for Engineering:
1.Contractor’s All Risk Insurance / Er****on All Risk Insurance
a. Contract Agreement / Purchase Order / Notice to Proceed / Letter of Award
b. Bill of Quantities / Bill of Materials
c. Bar Chart / S-Curve
d. Site / Location Plan
2. Property Floater Insurance / Electronic Equipment Insurance / Machinery Breakdown / Boiler and Pressure Vessel Insurance
a. Assured’s Name
b. List of equipment to be insured (with specifications and amount)
c. Usage of the equipment
d. Location of risk
For inquiries, please call or text 09468771883.

18/05/2021

14/05/2021

NOTICE TO THE PUBLIC
Please be informed that the following companies are not authorized to transact in any insurance, pre-need, or Health Maintenance Organization (HMO) business.

Name of Company Nature of Business Date of Issuance of Cease and Desist Order (CDO)
Majar Insurance Agency and Business Venture Pre-Need 19 June 2017 One Life Memorial Systems Enterprise Pre-Need 14 June 2016 Majar Senior Citizen Damayan Pre-Need 22 May 2015
Win Mortuary Plan Pre-Need

Life and Non-Life Companies Insurance Companies Authorized to Act as Sureties Pre-Need Companies Health Maintenance Organization Mutual Benefit Associations Companies under CRL Accredited Actuaries Accredited Insurance Actuaries Accredited Pre-Need Actuaries Accredited HMO Actuaries Accredited Exter...

21/04/2021

Make sure you have a valid insurance policy during this pandemic time.
No worries!
No need to step outside to renew your car insurance.
Please Contact us for free quotation, renewal & assistance.

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21/04/2021

ARE YOU LOOKING FOR SURETY BONDS?
PM IS THE
Construction bonds are protection for the owner against non-payment, lack of performance, company default, and warranty issues.
SURETY BONDS
Contract / Contractor's Bonds
✓ Bidder's bond
✓ Bid bond
✓ Performance bond
✓ Payment bond
✓ Guarantee bond