Things To Know About CTPL Insurance Philippines
                     Things To Know 
About CTPL 
Insurance 
Philippines
Things To Know About CTPL Insurance Philippines
 CTPL insurance Philippines is a requirement for the annual motor vehicle 
registration with the Land Transportation Office in this country. If your car does not 
have CTPL, operating it on a public road is unlawful. Cars are vehicles of great 
speed and power, and their use constitutes an element of danger to people and 
property upon the highways. Even if you drive your car carefully operated, it is still 
a dangerous instrument. However, when  it is driven by a careless or incompetent 
person, it becomes an engine of damage, destruction and even death. CTPL helps to 
protect the general public from the dangers  that are caused by motor vehicles.
Things To Know About CTPL Insurance Philippines
 So, how exactly does CTPL insurance Philippines work? In a CTPL policy, the insurance 
provider agrees to pay up to P100,000 to a third party for hospitalization, bodily injury 
and/or death in an accident that is caused or arises out of the use or operation of an insured 
car. Contrary to what most people think, this insurance does not cover loss or damage to 
property of third parties. A third party in this case refers to  any person other than a 
passenger, and also excludes a member of the household, or a member of the family within 
the second degree of consanguinity or affinity of  the car  owner or his employee in respect 
of bodily injury, damage to property or death  arising out of and in the course of 
employment. CTPL also does not cover damages to the insured vehicle.
Things To Know About CTPL Insurance Philippines
 Your insurance provider  is supposed to  pay the amount necessary (and within 
the limits of the CTPL policy) to relieve you from liability, assuring the third-
party victim or their heirs of financial assistance, independent of your financial 
capacity as the insured car owner. Simply put, compensation based on a CTPL 
policy can be claim under the following concurring conditions: You are a third 
party to the insured car owner; The insured car caused you to sustain an injury 
or resulted in death; and your injury requires hospitalization or results in a 
disability or death.
Things To Know About CTPL Insurance Philippines
 For more information on CTPL insurance Philippines, visit our website at 
https://ichoose.ph/ctpl