Bo.Salitran, Aguinaldo Highway, Dasmarinas, Cavite
Insurance
BASIC COVERAGE OF THE MOTOR CAR INSURANCE POLICY
- 1. Compulsory Third Party Liability (CTPL)
- It is a pre-requisite for motor car registration.
- Standard amount of coverage of CTPL is Ph100,000.00
- 2. Loss or Damage ( Actual Amount of Vehicle / Fair Market Value )
- The Insurance company will undertake to cover the insured against loss or damage to the insured vehicle including its declared accessories (built-in) resulting from:
- Accidental collision
- Fire , external explosion
- Malicious act
- Damage while on an inland transit
- 3. Excess Bodily Injury (EBI) – (Death/ Bodily Injury)
- In case the limit of liability for CTPL has been exhausted, this section will cover the excess subject to the provision of limits stated therein.
- 4. Excess Liability Insurance ( Property Damage)
- Covers liability of the Insures against damage to third party property, subject to the limits and provisions of the policy
- 5. Personal Accident
- Refers to the insurance, which provides benefits/ indemnity in case of loss/or to the life or well being of a person arising out of an accident
MOTOR CLAIMS REQUIREMENTS
- 1. Report the accident to the Motor Car Claims Department / Insurance Company
- 2. Submit the following documents for the early Processing and settlement of Claim/
FOR OWN DAMAGE CLAIM:
- Photocpy of LTO Registration ‘ certificate and latest O.R./ Notice of Accident Report
- Photocopy of Drivers License and O.R.
- Police Reports/ Affidavit of Damage duly notarized
- Photocopy of Comprehensive Insurance Policy with O.R. of premium payment
- Repair Estimates
FOR THIRD PARTY DAMAGE CLAIM
- Photocpy of LTO Registration ‘ certificate and latest O.R.
- Photocopy of Drivers License and O.R.
- Police Reports/ Affidavit of Damage duly notarized
- Photocopy of Comprehensive Insurance Policy with O.R. of premium payment
- Repair Estimates
- Certificate of No Claim issued by the 3rd Party Insurer.