When you do get that New Car... be sure to get car insurance along with it! And I'm not talking about the mandatory Third Party Liability (TPL) that the LTO requires. You should get a Comprehensive Insurance Policy.
Well you do want to avoid risk right?
And for a reasonable premium you can claim damages in case of an accident.
After all none of us can tell the time and place an accident is likely to occur.
A comprehensive policy is specifically recommended because it includes coverage for Bodily Injury, Property Damage, Unnamed Passengers Personal Accident etc.
So you are not just protecting your car, but also the people in it.
For more details on nonlife insurance and car insurance in the Philippines, you can contact me or visit my main blog site.