Fica
A low cost fire insurance coverage for residential contents leasehold improvements of residence, rented apartment and boarding house.
Amount of Coverage
- Fire Insurance Cash Assistance P10,000.00
- Accidental Death Benefit P10,000.00
- Calamity Assistance due to earthquake, flood and typhoon subj. to 75% of actual loss P3,000.00
- Annual Premium P120.00
- Maximum of three (3) certificates per residence (all locations)
Fica – Commercial Risk
- To answer the need of small-to-medium size business for an economically-priced business insurance designed for both commercial and market vendor/stallholder.
- The plan covers Fire/lightning insurance for leasehold improvements and/or business contents at indicated address.
Underwriting Guidelines:
- Assured must be member of the cooperative and solely own the business.
- Business located within the market, will not be covered.
- Movable or wheeled type of the business are not covered.
Amount of Coverage:
- Fire Insurance Cash Assistance P10,000.00
- Accident Death Benefit P10,000.00
- Calamity Assistance due to earthquake flood and typhoon subj to 75% of actual loss/event P3,000.00
- Annual Premium P85.00
- Maximum of three (3) certificates per residence (all locations)