What are the coverages under comprehensive vehicle insurance?

What are the coverages under comprehensive vehicle insurance?

  1. Own Damage / Theft (OD/T) – covers collision (accidental), fire, external explosion, self-ignition, lightning, overturning, theft, burglary, or malicious act as stated in your policy.
  2. Excess Third-Party Liability (BI/PD) – Covers cost for bodily injury to other people or property involved in the accident up the amount stated in your policy.
  3. Auto Passenger Personal Accident (A.P.A.) – Covers cost for death or injuries to the driver as well as passengers to the max amount in your policy.
  4. Acts of Nature (AON) – Covers financial losses from natural disasters such as flooding, earthquake, typhoon, as stated in your policy.

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      Vehicle Insurance, also known as Auto, Motor, or Car Insurance, protects individuals from financial losses as caused by accidents related to operations of vehicles.

    • Does vehicle insurance cover vehicle accessories?

      The accessories which are standard to your vehicle will be covered. However, other non-standard/factory accessories are not covered unless it was declared prior. 

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      The Philippines law dictates that every vehicle licensed for use on highways must be insured with CTPL coverage. 

    • If I sell my vehicle, will the insurance transfer to the new owner?

      No. The policy is attached to the person and not the insured vehicle. In order to make a change of ownership, the person must request to transfer the policy to the new owner. Those requests are subject to the approval of the insurance company.

    • What does Health Insurance cover?

      Basic coverages under health insurance: Room and board Doctor's fees Laboratory and diagnostic procedures Medicines (except vaccines) as medically necessary during ER treatment and confinement