Shop Protect Insurance
/
Intro to Shop Protect
/
What is a policy limit?
What is a policy limit?
This is the maximum amount you can claim during your 12-month coverage: Php 50,000 total. However, if you make claims for your personal electronics (like phones, tablets, laptops), the limit is Php 25,000.
Here's an example to illustrate:
-
You bought:
- A smartphone worth ₱30,000
- A refrigerator worth ₱10,000
-
Both got stolen within 60 days, and both claims were approved.
- The smartphone claim uses up ₱25,000 (the limit for personal electronics).
- The refrigerator claim uses ₱10,000 from your total ₱50,000 limit.
- That leaves you with ₱15,000 to claim for other non-personal electronic items.