08/11/2025
๐ ๐ก DID YOU KNOW?
If your house gets damaged or destroyed by typhoon, earthquake, flood, or fireโฆ
๐ Tuloy pa rin ang housing loan mo.
Yes โ kahit wala na ang bahay, the loan doesnโt disappear.
Because you borrowed money, and the loan must still be paid โ unless you are properly insured.
Thatโs why MRI + Fire/Acts of Nature Insurance are very important when getting a home through Bank Financing or Pag-IBIG. โจ
๐ฆ 1๏ธโฃ MRI (Mortgage Redemption Insurance)
This protects your family if the borrower passes away.
โก๏ธ The insurance pays off the remaining loan balance.
So your loved ones will NOT inherit the debt or lose the house. ๐
๐ช๏ธ 2๏ธโฃ Fire & Acts of Nature (AON) Insurance
This protects the house itself.
โก๏ธ If the house is damaged by typhoon, flood, earthquake, or fire, insurance helps pay for the repair or the loan.
Without this?
Youโll still be paying the loan kahit hindi na matirhan ang bahay. ๐ข
๐ How Claims Work:
โ
File a claim
โ
Insurance pays the bank/Pag-IBIG directly (since the property is collateral)
โ
If claim amount = remaining loan โ Loan is fully settled
โ
If claim amount < remaining loan โ Borrower pays the difference
๐ก Real Talk:
MRI protects your family โค๏ธ
AON protects your home ๐ก
Both give peace of mind and financial security.
โจ TIP: Whether Bank or Pag-IBIG Financing, review your insurance policy today to make sure youโre fully protected.
Photo credits to the owner.
