Things To Know About CTPL Insurance Philippines
                     THINGS TO KNOW ABOUT 
CTPL INSURANCE 
PHILIPPINES
Things To Know About CTPL Insurance Philippines
◦If you are a new vehicle owner in the Philippines, you need to work on getting 
CTPL insurance Philippines before you start using your vehicle on the road. 
While you can apply for a comprehensive car insurance cover, you are 
required to apply for the Compulsory Third Party Liability insurance, or 
CTPL. A lot of experienced car owners are familiar with the CTPL, but for a 
new car buyer, what can you expect with this mandatory insurance policy?
Things To Know About CTPL Insurance Philippines
◦Compulsory Third Party Liability (CTPL) is also commonly referred to as 
compulsory motor vehicle liability insurance. The purpose of this insurance it 
protect you, the vehicle owner from financial obligations to anyone who may 
be injured or killed by your vehicle. Owners of both cars and motorcycles are 
supposed to get this coverage before they go ahead to register their vehicle to 
the Land Transportation Office (LTO).
Things To Know About CTPL Insurance Philippines
◦Before getting Compulsory Third Party Liability, it is important to know the 
fundamentals of this insurance, including a couple of misconceptions. One 
misconception about CTPL is that it covers the driver of the insured vehicle. 
The truth of the matter is that CTPL only covers third parties, and that does not 
include the driver. Third parties in this case mean anyone aside from a 
passenger who is not a member of the insured’s family or employee.
Things To Know About CTPL Insurance Philippines
◦CTPL insurance Philippines should not be confused with a comprehensive car 
insurance cover. There are some owners who think that this can substitute what 
car insurance offers. Comprehensive car insurance offers more coverage 
compared to a CTPL, and it covers loss and/or damage of vehicle, property 
damage, excess bodily injury, no-fault indemnity cover, and auto passenger 
personal accident. That said, you can get CTPL insurance from any licensed 
nonlife insurance provider. CTPL insurance rates from different providers do 
not vary so much.
Things To Know About CTPL Insurance Philippines
◦For more information on CTPL insurance Philippines, visit our website at 
https://ichoose.ph/ctpl