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Banking

Free car insurance with acts of nature coverage

The Philippine Star

MANILA, Philippines - BPI Family Auto Loan is offering free one-year comprehensive insurance with acts of nature coverage until Dec. 21. It makes car ownership easy for BPI clients as the initial cash payment for buying a car (downpayment + LTO registration + chattel mortgage + comprehensive insurance) is drastically reduced with the free comprehensive insurance. The cost of a comprehensive insurance usually amounts to three percent of the market value of the car which means a savings of about P30,000 for a car worth P1 million. For utmost convenience, clients can log on to the BPI Loans website: bpiloans.com, to shop for a car and apply for an auto loan equipped with the free comprehensive insurance with acts of nature coverage. One may also call 845-6777 or visit any of BPI and BPI Family Savings Bank branches nationwide to apply or to inquire.

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