CGIC Motor Car Insurance
Motor Car Insurance - protects vehicle owners against loss of or damage to the vehicle as well as liabilities arising from bodily injury to, or damage to properties of third parties. Our different motor insurance packages provide not only the basic motor insurance protection but also have benefits that allow insureds to reduce their risk of loss and look after their safety and convenience 24 hours a day.
Compulsory Third Party Liability (CTPL) – coverage required by law for the registration of any vehicle licensed for use on the public highways. Provides protection of up to a maximum of P100, 000.00 for legal liabilities due to death of, or bodily injury to third parties. Also includes a P15, 000.00 limit for no default indemnity.
Unnamed Passengers Personal Accident – insures each passenger up to P20, 000.00, with a maximum of P250, 000.00 per vehicle for death and permanent disability due to an accident while riding in the insured vehicle.
Excess Third Party Liability (Bodily Injury) – covers liabilities of the insured due to the death of or bodily injury to third parties in excess of the limits provided under the CTPL coverage.
Excess Third Party Liability (Property Damage) – covers liabilities of the insured due to property damage to third parties.