Things To Know About CTPL Insurance Philippines
                     Things To 
Know About 
CTPL Insurance 
Philippines
ICHOOSE.PH
Things To Know About CTPL Insurance 
Philippines
 If you come from the Philippines, it is important to have Compulsory Third Party 
Liability (CTPL) insurance policy if you are a vehicle owner. This insurance 
policy is required before any motor vehicle can be registered with the Land 
Transportation Office (LTO), be it for personal or commercial use. The reason 
why you need CTPL cover prior to registration of the vehicle is to provide 
protection for the general public. When you purchase a 
CTPL insurance Philippines, you are given an insurance policy with conditions.
Things To Know About CTPL Insurance 
Philippines
 Attached to the CTPL policy is the Confirmation of Cover (COC). This COC will 
be showed to LTO upon registration as proof that your vehicle has third-party 
insurance cover. Among the details that are shown in the COC are the name of the 
assured, the insurer’s limit of liability as well as basic details of the vehicle such as 
serial Number, chassis number, color and plate number. Additionally, schedule of 
benefits such as death benefit, permanent disablement and dismemberment, funeral 
expenses, and limits for medical as well as hospital reimbursement are likewise 
shown in the schedule of benefits for death and bodily injury.
Things To Know About CTPL Insurance 
Philippines
 You can purchase CTPL insurance Philippines from any licensed insurance 
company. CTPL premium rates are mandated by the Insurance Commission 
across all insurance companies. Any deviation from the rate, be it be higher or 
lower, should be reported to the Insurance commission.
Things To Know About CTPL Insurance 
Philippines
 In the unfortunate event if an accident, a CTPL cover for a PUV provides a total 
death benefit of ₱100,000 for the passenger-victim and ₱100,000 for third-party 
victims. For a private vehicle, the ₱100,000 insurance coverage is usually for 
third-party victims only. Additionally, under the ‘no fault’ clause of this policy, a 
third-party victim is entitled to a sum of max of ₱15,000 without proving 
negligence.
Things To Know About CTPL Insurance 
Philippines
 For more information on CTPL insurance Philippines, visit our website at 
https://ichoose.ph/