Insurance is an important investment in your life and often overlooked. Home insurance not only protects homeowners but also protects your home.

Home insurance, one of the few nonlife-save policies you should have, is a preventative measure protecting your property against financial loss and damage. It covers your home and valuables, such as appliances. You will enjoy many perks by investing in this home insurance in the Philippines, including peace of mind when you sleep. 


Insurance companies offer two types of home insurance to homeowners. These are standard and comprehensive home policies that vary in cost and coverage.

Standard home insurance, the most affordable option, only covers one’s home against damage from lightning or fire.

Comprehensive home insurance is another option. This policy can be referred to as the complete policy. It offers the same perks as the standard but has higher perks. This covers your home and belongings from natural catastrophes such as earthquakes, volcanic eruptions, and floods. Additionally, comprehensive home insurance includes coverage against other man-made disasters, such as vehicle crashes or explosions.


A deductible is an amount you will have to pay out of your pocket to file a claim. The deductible determines how much you will have to pay out of pocket to file a claim. It also indicates that the premiums or policies payable need to be paid more. Contrary to this, a higher deductible equals a higher out-of-pocket cost for filing a claim and lower premium prices. The amount of money you have available to pay for insurance will determine your chosen deductible.

There are a few more things to consider before applying for insurance, and canvassing to find the best home insurance in the Philippines for you and your budget is the right thing to do first.

To learn more about the factors that affect home insurance premiums, you can read this infographic from iChoose PH.