Do you know what does liability insurance cover these days?

I'm am no near a dummy when it comes to insurance stuff, I am just like one of the millions who actually live their life, just live it, and make most out of it. Living and working here in Palawan has changed me, as mentioned in my previous posts - it made me realize that I am not getting any younger, and I should invest on things that will help me retire at an early age, like about 50 years old or even younger than that.

I don't want to retire really old, where I will lost the ability to enjoy life due to old age.