23/04/2024
What is Compulsory Third-Party Liability ( CTPL )?
Compulsory Third-Party Liability (CTPL) Insurance policy provides coverage for injuries or death involving a third party, excluding injuries or fatalities to the vehicle owner, and non-third parties, as well as any damage to the insured vehicle or property owned by a third party.
What is the coverage of CTPL?
A CTPL exclusively covers injuries or death of a third party and it does not extend coverage to the following:
* personal injury or death of the vehicle owner;
* injuries or death of non-third parties, such as household members, family within the second degree of relation, or employees; or,
* any damage to the insured vehicle or property belonging to a third party.
Please bear in mind that accidents can happen anytime, even when a driver is extra careful on the road, and thereβs no telling when a responsible driver ends up accidentally causing a road crash. Motorists must stay prepared to ensure that they wonβt have any problems in the future.
Here in STANDARD INSURANCE, our Death Indemnity now covers 200K.
So, what are you waiting for?
Get your CTPL now here in our office located at Cogon, Bogo City beside Premio Bogo.