What is Comprehensive Insurance?

By Carlo Jeff

Posted on May 27, 2017

comprehensive insurance

Comprehensive Insurance is the highest form of protection you can get from your Car, it is classified into different coverages

CTPL or the Compulsary Third-party Liability
In Philippines, all vehicle owner is required to get CTPL or the Compulsary Third-party Liability because it is required by the law. CTPL insurance covers the person you hit who is injured or killed while using your insured vehicle, it helps you from your financial obligations to the Third-party

EBI,BI or Excess Bodily Injury
    Excess Bodily Injury also covers the person you hit in a car accident, it extends the coverage of CTPL Insurance.

property damage
PD or Property Damage
    Property Damage covers the damage done in any persons property, such as vehicle repair, structural damage or repair to any stationary object like fence.

own damage
OD or Own Damage
    Own Damage refers to your insured vehicle, It covers the repair or replacement of any damage parts in your vehicle.

    Theft refers to the protection of your vehicle from this criminal act, Once your vehicle declared as cannot be recover, Insurance company will pay you according to the recent market value of you car.
PA or Passenger Accident
    Passenger Accident covers the protection of person or passenger inside the insured vehicle, It is the compensation for death or injuries sustained in a vehicle accident.

acts of nature
AON or Acts of Nature    
    Acts of Naure covers the protection to your vehicle in any event of accident caused by nature, such as Hurricanes, floods, hail, tsunamis, wildfires, earthquakes and tornados.

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