What is Vehicle Insurance?

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• What are the coverages under comprehensive vehicle insurance?

  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. Excess Third-Party Liability (BI/PD) – Covers cost for bodily ...

• 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. 

• Is vehicle Insurance required in the Philippines?

  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 is Health Insurance?

  Health insurance is a financial service that provides you with financial aid when you need medical treatment due to sickness or accident.