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Insurance FAQs Philippines – Your Guide to Better Protection
Welcome to PowerWealth’s comprehensive guide to insurance FAQs in the Philippines. Whether you’re looking for answers about car, health, travel, or property insurance, this page is designed to help you make smarter, more confident decisions.
From understanding coverage options to choosing the right policy, our FAQ resource covers it all. We simplify insurance so Filipinos can get the protection they deserve — with clarity, reliability, and support every step of the way.
OUR QUESTION AND ANSWER
What You Need to Know
Have More Questions?
Still have questions beyond our insurance FAQs? Just fill out the form — we’re here to help. Or, learn more at the Insurance Commission of the Philippines.
General Questions
What is insurance, and why do I need it?
What is insurance, and why do I need it?
Insurance provides financial protection against unexpected events like accidents, illnesses, or property damage.
What types of insurance does PowerWealth offer?
What types of insurance does PowerWealth offer?
We provide a wide range of insurance solutions, including Motorcar Insurance, Motorcycle Insurance, Property Insurance, Travel Insurance, Accident Insurance, CGL Insurance, Engineering Insurance, Marine Cargo Insurance, Surety Bond, HMO Card, Medicinal Insurance, Property Floater Insurance, and Marine Hull Insurance.
How do I know which type of insurance I need?
How do I know which type of insurance I need?
It depends on your personal, family, or business needs. Our team can help recommend the best option.
Will payments made through third parties be accepted?
Will payments made through third parties be accepted?
Any payments not directly made to PowerWealth or the official insurance provider will not be accepted. Always ensure you are transacting through our authorized channels to avoid issues with your insurance coverage.
Policy Coverage
What factors affect my insurance premium?
What factors affect my insurance premium?
Age, health, coverage amount, claim history, and risk level can all impact your premium.
Are there any exclusions in my insurance policy?
Are there any exclusions in my insurance policy?
Yes. Common ones include pre-existing conditions, intentional damage, and high-risk activities. Always review your terms.
Can I change or upgrade my insurance policy later?
Can I change or upgrade my insurance policy later?
Yes, you can modify your coverage. Contact us to review your options.
Claims & Benefits
How do I file an insurance claim?
How do I file an insurance claim?
Visit the File a Claim page, log in, submit your documents (police report, receipts, etc.), and wait for our team to process.
How long does it take to process a claim?
How long does it take to process a claim?
Most standard claims are processed in 1–5 business days.
What should I do if my claim is denied?
What should I do if my claim is denied?
You can request a review. Submit supporting documents, and we’ll assist you in the appeal process.
