An insurance broker is a person or a company whose job is to provide clients with independent guidance on the range of insurance options available across various providers and facilitate the acquisition of suitable insurance policies on their behalf.
RAROCO Insurance Brokers, Inc., along with other brokers, is not aligned with any one company. As such, we can explore and offer products and services available in the market and can tailor fit insurance packages for the client’s needs and budget.
RAROCO Insurance Brokers, Inc. works with a wide range of reputable insurance providers, giving you access to a diverse portfolio of coverage options. We guarantee a comprehensive range of insurance solutions designed to protect you, your family, and your business from a variety of risks. Here’s a quick breakdown of the types of insurance we offer:
- Protection Against Specific Risks: Accident, Aviation, Cyber Insurance, Electronic Equipment, Fire, Golf, Marine, Motor, Pet Insurance, Travel
- Liability Protection: Comprehensive General Liability (CGL), Compulsory Third Party Liability (CTPL), and Professional Liability
- Financial Security and Savings: Bonds, Education, Fidelity, Life, Memorial, Money Security and Payroll Robbery (MSPR), Pension, Retirement
- Health and Well-being: HMO, Medical
Because our offerings are so diverse and constantly evolving to meet market demands, the most comprehensive and up-to-date information about our insurance lines can be found directly on our website. We encourage you to visit https://rarocoinsurance.ph/insurance/ for a detailed breakdown of all the types of insurance we handle. Don't hesitate to contact us directly to discuss your specific insurance needs.
Here's a breakdown of how to find the right policy that provides a financial safety net when you need it most:
Understand Your Needs: Before diving into policy details, take a step back and assess your specific requirements. Ask yourself: “What risks am I most concerned about?”, “What is my budget?” and “What are my long-term goals?”
Educate Yourself on Available Plans: Once you understand your needs, research the different types of insurance available in the Philippines.
Compare Policies and Insurers: Don't settle for the first policy you see. Compare different options from various insurance providers. Look at coverage, premiums, deductibles, exclusions, claim process, and financial stability of the insurer.
Seek Professional Advice: A reputable broker, like RAROCO Insurance Brokers, Inc., can provide you with a free comparative analysis of various insurance plans from different providers. We ensure to:
- Provide a comparative analysis
- Offer personalized recommendations
- Explain complex terms
- Assist with the application process
- Provide ongoing support
RAROCO Insurance Brokers, Inc. isn't an insurance company. As an insurance broker, we act as an intermediary between you, the client, and various insurance providers. We work with a range of reputable insurers, each offering different products with varying levels of coverage. We don't issue the policies ourselves, but we help you find the best ones that meet your specific needs.
The cost of insurance varies significantly based on several key factors. Key factors include (but not limited to):
- The type of insurance (different types operate under different pricing models)
- The amount of coverage (higher coverage amounts typically translate to higher premiums)
- The scope of coverage (broader coverage, encompassing more potential risks, will generally have a higher premium)
- Individual risk factors (age, health, lifestyle, family history, etc. may influence the calculations)
- Deductibles and co-pays (policies with higher deductibles have lower premiums)
Different insurance companies employ varying pricing models and have different risk appetites, meaning the same coverage may have different costs across providers. Consulting with an insurance broker like RAROCO Insurance Brokers, Inc. can identify the optimal coverage at the most competitive price for your specific needs.
Your first step should be to refer to the claims guide provided to you by your RAROCO Insurance Brokers, Inc. sales officer. This guide outlines the necessary documentation, contact information, and specific steps you need to take.
If you can’t find your claims guide, simply reach out to our sales officer or contact our claims department directly. We'll be happy to provide you with another copy of the guide and answer any initial questions you may have. You can find our contact information on our website or by calling our office.
Gather all necessary documentation as outlined in your claims guide and submit your claim promptly. Responding quickly to any requests for additional information from our claims team will also help to speed things along.
At RAROCO Insurance Brokers, Inc., we understand that circumstances change, and sometimes, you might need to cancel your insurance policy. The short answer is yes, you absolutely have the right to cancel. However, it's important to understand the implications of doing so before making a decision.
Your insurance policy is a contract, but it doesn't lock you in indefinitely. You have the right to cancel your policy at any time. We believe in empowering our clients with the flexibility to adjust their coverage as needed.
When you cancel your insurance policy, you relinquish all the benefits it provides. This means you're no longer protected against the risks covered by the policy. Should an event occur after the cancellation date that would have been covered, you would be personally responsible for any resulting costs.
While you have the right to cancel, it's important to be aware of the financial aspects. It's crucial to contact us to discuss these details specific to your situation. Unfortunately, taxes and documentary stamps are non-refundable. These are government-mandated charges and are considered paid once the policy is issued. This is a standard practice across the insurance industry.
Before you decide to cancel, we encourage you to explore other options. Depending on your reasons for wanting to cancel, there might be alternative solutions. Talking to us can often reveal solutions you might not have considered.
Yes, absolutely. At RAROCO Insurance Brokers, Inc., we understand that trust and reliability are paramount when it comes to insurance. That's why we adhere strictly to the guidelines set forth by the Insurance Commission (IC) of the Philippines. We're committed to upholding their standards for prudent and progressive regulatory and supervisory policies, which are designed to be on par with international best practices. This commitment ensures that the insurance products we offer meet the rigorous standards necessary for your protection and peace of mind.
We carefully select and partner with reputable insurance providers that are duly licensed and regulated by the IC. We want to make sure that the policies we offer are not only comprehensive and affordable but also come from financially stable and reputable insurers.
Our alignment with the IC's values—Integrity, Commitment, and Responsibility—is at the heart of our operations. So, when you choose RAROCO Insurance Brokers, Inc., you’re choosing a partner committed to ethical practices, regulatory compliance, and ultimately, your well-being.
At RAROCO Insurance Brokers, Inc., we understand that when you need to make a claim, you want it processed quickly and efficiently. We strive to do just that, but the processing time can vary depending on several factors. The most significant factor is the complexity of the claim itself. Here is a general explanation of the process so you know what to expect.
In most cases, you can expect the claims process to take at least a month. This timeframe allows us to thoroughly investigate the circumstances surrounding your claim, gather necessary documentation, and assess the damages or losses incurred. A straightforward claim with readily available documentation can often be processed more quickly while more complex claims naturally require more time for thorough investigation and evaluation.
Another factor that can influence processing time is the completeness of the information you provide. The sooner you can submit all the required documents, the faster we can begin processing your claim. We encourage you to be as thorough as possible when submitting your claim to avoid unnecessary delays.
While we aim to resolve claims efficiently, we also prioritize accuracy and fairness. Rushing the process can sometimes lead to oversights or incomplete assessments. Our goal is to ensure you receive the full benefits you're entitled to under your policy, and this requires careful attention to detail.
Communication is key throughout the claims process. We will keep you updated on the progress of your claim, and if we require any further information from you, we will reach out promptly. Likewise, we encourage you to contact us if you have any questions or concerns. We believe in transparency and want to ensure you're informed every step of the way.
At RAROCO Insurance Brokers, Inc., we understand that filing an insurance claim can feel overwhelming. We're here to guide you through the process and make it as smooth as possible. The specific documents needed vary depending on the type of insurance policy you hold and the nature of the claim.
While specifics vary, some documents are commonly requested across different insurance claim types. These might include a Claim Form, Policy Documents, Proof of Identity, and Contact Information.
As your strategic partner, we can assist by providing the appropriate forms for your specific claim, helping you gather necessary documents, liaising with the insurance company, and addressing any questions and concerns you may have throughout the claim process.
Don't hesitate to contact your RAROCO Insurance broker as soon as an incident occurs. Prompt reporting and accurate documentation are crucial for a smooth and efficient claims experience. We are dedicated to helping you get the full benefits you are entitled to under your policy.