- A CTPL product that provides Limited Own Damage Cover against car-to-car collision with identified Third Party Vehicle.
- Flexibility of amount of coverage
- With optional additional protection for Excess Bodily Injury, Property Damage, Auto Passenger Personal Accident Paramount Assist
Due to the expensive cost of comprehensive coverage, vehicle owners tend to get the minimum basic insurance, just to meet requirements for car registration. But, what if you have an older car and don't want to pay the usual higher cost of insurance that comes with an older vehicle? What if you have a secondary car to insure? What if a jeepney accidentally hits your car on the way to work one day? Who will pay for any damages inflicted upon your car? Minimum, basic insurance does not commonly cover these type of situations.
Compulsory Third Party Liability (CTPL) – pays for expenses incurred as a result of the vehicle owner’s causing bodily injury or death to any third party in an accident arising from the use of the insured motor vehicle.
CTPL Plus is a flexible and fully customizable coverage that provides Own Damage Cover against car-to-car collision.
- No pre-inspection required.
- Customizable amount of coverage: 20%, 40% or 100%, based on the unit’s Fair Market Value.
- Provides Own Damage Cover payment against loss or damage to the Scheduled Vehicle due to and caused solely by accidental collision with another identified motor vehicle.
- Excess Bodily Injury
- Reimburse all expenses actually paid by the insured to discharge liability in excess of the Limits of Liability under Section I and II (CTPL).
- Property Damage
- Pay all the necessary expenses to discharge liability of the insured in respect of damage to Third Party Property provided that the insured's liability shall have first been determined.
- Auto Passenger Personal Accident
- Reimburse all expenses actually paid by the insured in respect to bodily injuries caused by an accident whilst driving and riding the insured vehicle.
- Paramount Assist
- 24/7 road assistance service that will take care of you and your vehicle in case of emergency situations.
- Vehicles for Private Use only (i.e. sedans, SUV’s, pick-ups, vans).
- FB vans, delivery vans and trucks are not qualified.
- Age of vehicles should not exceed 8 years.
- Insurance term should coincide with the ending number of the vehicle’s license plate.
Get a quote
Want to learn more about CTPL Plus? Leave us the following details and one of our representatives will get back to you as soon as we can.