• An insurance against loss, damage, and/or liability incurred by the insured resulting from accidents arising from the ownership and operation of his motor vehicle
• vehicle propelled by any power other than muscular power, using the public highways, used mainly for the purpose of transporting people and cargo from one place to another

• Private Car - used for social, domestic, and pleasure purposes, and for the insured’s business or profession
• Commercial Vehicle - used mainly for business purposes
• Motorcycle - a two-wheeled automobile vehicle having one or two saddles
• Land Transportation Operator’s (LTO) - a motor vehicle used to transport passengers for a fee or compensation

Compulsory Third Party Liability (CTPL)
An insurance against liability for death or bodily injury of third parties arising from motor vehicle accidents resulting from fault/negligence of the assured or any authorized driver while driving the insured vehicle

Voluntary Third Party Liability - Bodily Injury (VTPL - BI)
Provides a coverage similar to that of the CTPL, in excess of what is required by law

Voluntary Third Party Liability - Property Damage (VTPL - PD)
Protects the assured against third party liability he/she might incur for damage to property of others as a result of the use or operation of his vehicle

Own Damage and Theft (OD/Theft)
An insurance protection against accidental loss or damage tot he insured’s own vehicle

Extended Perils
Provides protection against perils not included in the standard motor car policies.
Flood, Typhoon Hurricane, Volcanic Eruption & Earthquake (FTHVEE)
Strikes, Riots and Civil Commotion (SRCC)

Unnamed Passenger Personal Accident (UPPA)
Provides indemnity for accidental death, disablement, and medical expenses to occupants riding in, boarding in, or alighting out of the insured vehicle

• Authorized Driver Clause
• LATU
• Section I #1 and Schedule of Indemnities
• No Fault Indemnity (Section II)
• Section IV #1 and #2
• Section III - perils
• Section III - exceptions
• General Exception #3 and #5

CTPL

• Bodily Injury only
  Presidential Decree No. 1814 limits the compulsory insurance to liability only for death or bodily injury to third parties arising from motor vehicle accidents
• Premiums
  Premiums shall be in accordance with the rates approved by the Insurance Commission
• Amount of Insurance
  CTPL coverage shall neither be less nor more than the amount required by law (P50,000.00)
• Prior Notice of Cancellation
  The LTC must be given a 15-day written notice prior to cancellation of CTPL coverage, unless replaced by a new policy
• Malus Surcharge
  Upon renewal of the policy, a premium surcharge for the CTPL cover shall be imposed on a vehicle owner for every accident charged against the CTPL coverage involving his vehicle during the term of the policy covering the vehicle

VTPL

• Minimum VTPL - BI/PD cover is P200,000.00, subject to a maximum of P300,000.00 for each unit

OD/Theft

• Inspection of Vehicles
  Brokers/agents/sales staff are requested to inspect the vehicle to ensure that it has no latent or visible damage
• Locally Assembled Vehicles
  Vehicles no longer being manufactured locally or with spare parts no longer available locally shall not be accepted/renewed
• Own Damage with Theft
  OD and Theft must be issued together
• Valuation
  All coverage for OD/Theft shall be at actual FMV
• Accessories
  Non-standard accessories and add-on equipment are not covered against loss and damage unless specifically declared in the proposal form and the corresponding additional premiums have been paid
• Premiums
  Flat rates based on PIRA Motor Car Tariff are provided
• Discounts
  Comprehensive Discount (5%) - granted to private cars with comprehensive coverage

  No Claim Bonus (NCB) - for policies with no claims made or pending
  
  During the preceding year of insurance 10%
  During the preceding 2 year of insurance 20%
  During the preceding 3 years of insurance 30%
  During the preceding 4 years of insurance 35%
  During the preceding 5 years of insurance 40%
  
  Special Discount (SD)
  10%, 20%, or 30%

  Increased Deductible Discount (IDD)

  Discount Increase Deductible to
  PC 6% 0.75% of SI, min. of P3,000
  12% 1.00% of SI, min. of P4,000
  PV 7% 1.50% of SI, min. of P4,500
  14% 2.00% of SI, min. of P6,000
  

1. Report the accident to the nearest police station for assistance.
2. Take down the following:
   Description of the other vehicle
   Name and address of the registered owner
   Name of the other driver
   Witnesses and their addresses
   Insurance company and policy number
3. Whenever possible, never leave your vehicle unattended to prevent further damage or theft.
4. Immediately report the accident to your insurer.

Immediately report the carnapping case to:

• The nearest police station for assistance and preparation of police report
• The Anti-Carnapping Task Force (ACTFORCE) for assistance and secure and Alarm Sheet
• Your insurer

1. Notice of Claim

• Claims must be reported at once to your insurer. Required documents must be submitted within:
  • 30 days for Metro Manila cases
  • 60 days for cases outside Metro Manila

1. Documentary Requirements

• For immediate processing of own damage or third party liability claims, the following must be made available to your insurer at once:
  • Accomplished Accident Report Form
  • Police Report, if available
  • Vehicle’s Certificate of Registration and current
  • Official Receipt (1 copy each)
  • Driver’s License with Official Receipt (1 copy each)
  • Stencil of the vehicle’s motor/chassis numbers
  • Colored photographs of the damaged vehicle
    • Repair estimates from:
      any one of FGU’s motor car specialists/drive-in centers; or
    • at least two repair shops accredited by FGU
  • Original medical receipts (for third party claims involving BI)
  • Death certificate (for third party claims involving death)

• Private Cars - 0.5% of SI, minimum of P2,000
• Commercial Vehicles - 1.00% of SI, minimum of P3,000