Comprehensive Insurance Limitations in the Philippines
While many car owners in the Philippines would want to insure their vehicles, there are restrictions set according to the year and model of your car. If your car is 3 years and older, comprehensive insurance providers will not give you insurance.
Much of these stem from the fact that people want to be safe and sure. New cars have larger value and can be commanded high insurance premiums. Older cars may mean a lot to their owners. Apparently insurance companies only care about cars that deserve to be insured and these are normally the new models that come out each year.
