NON-LIFE INSURANCE

Fire and Allied Perils Insurance

To provide financial protection in case of physical damages/losses on properties owned by a member of the cooperative caused by FIRE

STANDARD FIRE INSURANCE POLICY

To Provide financial protection in cas of physical damages/losses on properties owned by a member of the cooperative caused by FIRE and / or LIGHTNING, BUILDING built in concrete or semi-concrete structure or its CONTENTS only, with the following types of occupancy:

• Residential – Building solely occupied for family dwelling units
• Business – Extended to the following occupancies: Schools, Hospitals, Churces, Hotels, Laboratories, Funeral Parlors, Dormitories and Private Practices: Architectural/Construction Services, Medical, Dental and Dermatological Services.

This information only holds concise profile of the product. If in any case of discordance, the policy contract with contains the complete terms and conditions of the product shall predominate accordingly.

Fire Insurance Cash Assistance

Hanap mo ba ay protection laban sa sakuna? dahil munti nating negosyo o bahay man ay proteksyon ang kailangan!

Sa anumang aksidente o sakuna, isang taon siguradong protektado ka!

SCHEDULE OF BENEFITS

Residential

• Fire Insurance Cash Assistance on building & contents or improvements at indicated address: P 10,000.00
• Accidental Death Benefit: P 10,000.00
• Annual Premium: P 120.00

Commercial

• Fire Insurance Cash Assistance on building & contents or improvements at indicated address: P 10,000.00
• Accidental Death Benefit: P 10,000.00
• Annual Premium: P 165.00

STANDARD PROVISION

• Eligibility age 18-65 years old.
• Up to three (3) units or a maximum of P 30,000 coverage.

This information only holds concise profile of the product. If in any case of discordance, the policy contract with contains the complete terms and conditions of the product shall predominate accordingly.

Advantage

Residential Fire Insurance product for cooperative members with afforadble annual premium to protect their properties in case of physical damages brought by perils insured against.

• Residential Fire Insurance for Building and Household: Php 50,000.00
• Comprehensive Personal Liability (Home Premises)
  • Personal Liability: P 20,000.00
  • Medical Payment: P 2,000.00
  • Damage to Property: P 2,000.00
• Accidental Death & Dismemberment Insurance: P 25,000.00
• Bereavedment Assistance (due to any type of death): P 2,500.00
• Premium per Unit of Coverage (inclusive of coverage) one (1 unit per insured location): P250.0o

This information only holds concise profile of the product. If in any case of discordance, the policy contract with contains the complete terms and conditions of the product shall predominate accordingly.

Prestige

Residential Fire Insurance is designed for individual household owner located and situated within subdivision and/or villages to protect their properties in case of physical damages brought by perils insured including personal, crimes and liabilities.

SCHEDULE OF COVERAGE AND PREMIUM

• Insured name
  • Accidental Death & Disablement: P 100,000.00
  • Accidental Medical Reimbursement: P 10,000.00
  • Murder & Assault: P 100,000.00
• Spouse/Parent
  • Accidental Death & Disablement: P 50,000.00
  • Accidental Medical Reimbursement: P 5,000.00
  • Murder & Assault: P 50,000.00
• Each Child (max. of 4)
  • Accidental Death & Disablement: P 10,000.00
  • Accidental Medical Reimbursement: P 1,000.00
  • Murder & Assault: P 10,000.00

MOTOR CAR INSURANCE

To provide financial assistance in case of loss or damage(s) on motor vehicle owned by cooperative member

Loss or Damage coverage:

This part of policy protects the vehicle described in the SChedule, its accessories and spare parts.

• Accidental collision or overturning consequent upon mechanical breakdown consequent upon wear and tear
• Fire, external explosion, self-ignition or lightning or burglary, house-breaking or theft
• Malicious act
• Whilst in Transit (including the process of loading and unloading) accidental to transit by road, rail, inland, waterway, lift or elvator

Just Provide:

• Certificate of Registration (Photocopy)
• Official Receipt (Photocopy)
• Existing Policy (If possible)

Compulsory Third Party Liability (CTPL)

It protects the welfare of the public in case of motor car related accidents resulting to death and bodily injury

CLIMBS will pay any claim for bodily injury or death to any Third Party without the necessity of proving fault or negligence of any kind provided that:

a. The total indemnity woud not exceed 15,000.00; and,

b. That sufficient documents documents be submitted to prove to the claim such as the following;

i. Police report of the accident or any evidence sufficient to establish the claim;

ii. Medical report and evidence of medical or hospital expenses; and / or,

iii. Death Certificate and evidence sufficient to establish the proper payee.

 This information only holds concise profile of the product. If in any case of discordance, the policy contract with contains the complete terms and conditions of the product shall predominate accordingly.