Things To Know Before Purchasing CTPL Insurance Philippines
                     Things To 
Know Before 
Purchasing 
CTPL 
Insurance 
Philippines
Things To Know Before Purchasing 
CTPL Insurance Philippines
 If you are a new car owner in the Philippines, one of the things that you may be 
grappling with right now is the insurance coverage to get. One of the insurance 
covers that you definitely need to get is CTPL insurance Philippines. CTPL is an 
abbreviation for compulsory third party liability insurance which provides 
compensation for individuals killed or injured when your vehicle is involved in an 
accident. Since this insurance is compulsory everywhere in the Philippines, you 
cannot register your vehicle without it. 
Things To Know Before Purchasing 
CTPL Insurance Philippines
 Before you go ahead to purchase CTPL insurance Philippines, there are various 
important things you need to know about it.  First of all, you need to know what is 
covered by this insurance. CTPL insurance provides compensation for people that 
are killed or injured when a vehicle gets involved in an accident. This indemnifies 
the driver of the vehicle that caused the accident against claims for the damage 
and losses that were caused. However, it is important to keep in mind that this 
insurance will not cover you for the damage to vehicles, damage to property or 
theft.  These losses need to be covered separately.
Things To Know Before Purchasing 
CTPL Insurance Philippines
 Another thing you will need to know before purchasing CTPL insurance Philippines 
is the reason why it is compulsory. This insurance is compulsory so that 
compensation for loss does not depend on the individual that caused the 
accident. Without compulsory third party liability insurance, compensation may 
not be available equally to every party that is entitled to some form of 
compensation. 
Things To Know Before Purchasing 
CTPL Insurance Philippines
 You may also be wondering if you still need comprehensive insurance after 
getting CTPL insurance.  These two are entirely different.  CTPL does not cover 
property damage, vehicle damage or theft.  If you want coverage for such 
incidents, you have to purchase comprehensive insurance. 
Things To Know Before Purchasing 
CTPL Insurance Philippines
 For more information on what to know before purchasing CTPL insurance 
Philippines, visit our website at https://ichoose.ph/