Sometimes, even location is not a determinant of risks and hazards faced by families on the day to day. While typhoons and their associated destructive effects—landslides, crop and farm damage, damage to livestock, and damage to offices— are the most frequent threats to the safety of families in the Philippines, there is no predicting which area of a family’s life natural disasters will hit.
In recent times, we have seen threats and destruction to homes caused by floods. The increasing unpredictability of weather patterns guarantees that families would have to contend with typhoons.
But what of other natural disasters such as volcanic eruptions and earthquakes, both of which are also fairly common in the Philippines? There’s also a mixed bag of fires and other incidents that could impact not just the homes but business structures where family businesses hold office. Destruction to the business also constitutes a family emergency arising from “acts of God”.
Know Your Family Even More
The safety nets provided by insurance coverage against hazards and risks from natural disasters are pretty varied and worth a thorough look. In fact, with the number of insurance firms represented by Reliable Insurance, responsible families actually face an embarrassment of choices.
It’s easy to forget that family profiles vary widely. These profiles comprise the best indices for the correct insurance plans or mix of insurance plans to address compensations from natural disasters. In short, a family’s risk profile for natural disasters is determined by its features such as—
- Family size
- the needs of children according to their ages
- the current financial situation of each spouse or parent,
- the family address
- Type of habitation (Multiple-floor condominium? Multiple-storey houses? Low-lying bungalow? All these carry their own risk profiles against natural disasters and it’s best to speak with experienced insurance agents on the most common plans availed by families with similar home profiles)
- the totality of family assets.
These are just basic considerations. There are more specific factors such as lifestyles and vulnerabilities arising from the specific regular activities of the family. For instance, a family that likes to travel can face natural disasters in more locations, so they might need well-covered vehicle insurance. Or if they have one or more homes, then it becomes urgent to secure the one most exposed to natural hazards.
The nature of family assets must be given long and hard thought, especially if these are income-generating property, such as rental or agricultural land. Here, covering for potential damage essentially insures the family livelihood.
Enough protections will ensure that the task of rebuilding after bearing the brunt of natural calamities will not be too disruptive to life. At this rate, when survival becomes a priority during a natural disaster, the family can find comfort in knowing they need not save anything else but their selves and each other.
Contact Information for Inquiries and Support
Should you have any questions or require further assistance in applying for insurance:
- Call: +63 2 8631 9285 to 86
- Mobile: +63 917 138 5120
- Email: info@reliable-insurance.ph
- Messenger: https://m.me/reliable.insurancebrokersph
Recommended Articles:
- Top 5 Immediate Actions to Take When Flooding Starts
- The Hidden Costs of Natural Disasters that affect MSMEs
- Protecting Your Car During Monsoon Season
- Emergency Contact Numbers in Case of Disaster
- The Role of Reliable Insurance in Helping Clients During Disasters
Sources:
- Youth.gov. (n.d.). Youth topics. https://youth.gov/
- American Red Cross. (n.d.). Make a plan. https://www.redcross.org/get-help/how-to-prepare-for-emergencies/make-a-plan.html
- Habitat for Humanity. (n.d.). Family preparedness plan. https://www.habitat.org/our-work/disaster-response/disaster-preparedness-homeowners/family-preparedness-plan
- Image Source: Department of Foreign Affairs and Trade (creative commons attribution 2.0)
