Coverage Linked to Finance or Loans

As for comprehensive motor insurance, this is an interesting topic for many people whether it is connected to financing through a bank or not. BPI which is a very credible bank has comprehensive motor insurance that is linked to your loans or finances. This means that you can buy the vehicle through BPI financing, and then also take their comprehensive motor insurance to secure your investment.

FAQs on BPI Motor Insurance

Here below, you will get answers to the frequently asked questions about BPI comprehensive motor insurance:

• What is covered by comprehensive motor insurance?
• How do I make a claim with BPI motor insurance?
• Is it possible to adjust my coverage with BPI motor insurance?

Is It Required by Banks?

One of the inquiries that people often do ask about the comprehensive motor insurance is if it is bank-required. Even though it’s not compulsory by law, BPI, along with other financial organizations, typically insists on having a comprehensive motor insurance to guard both the vehicle and the loan you took. It can be very helpful to secure and reduce your worries when you know that you are covered in an unfortunate event or vehicle accidents.