13 oct. 2022 · Want to get the cheapest car insurance in the Philippines? ... Car insurance covers you from the costs of medical bills, property damage, ...
Does the Philippines require car insurance?
The Philippines law dictates that every vehicle licensed for use on highways must be insured with CTPL coverage. What is Compulsory Third Party Liability or CTPL? CTPL covers the death and/or bodily injury of a Third Party victim in an accident caused by the Insured Vehicle.
Which are 4 types of insurance coverages for cars?
auto liability coverage. uninsured and underinsured motorist coverage. comprehensive coverage. collision coverage.
What is the coverage of car insurance?
Auto insurance provides coverage for: Property – such as damage to or theft of your car. Liability – your legal responsibility to others for bodily injury or property damage. Medical – the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.