Drive with security with Paramount's Motor Vehicle Insurance. Choose from the basic Compulsory Third Party Liability or for more protection, get our CTPL Plus with add-ons such as Excess Bodily Injury, Property Damage or Paramount Assist.
Each year the number of car accidents in the Philippines grows, every car owner should have motor insurance to protect against the possible costs accrued in the event of an accident.
Whether it is a private car transporting your loved ones or a commercial truck conveying your business' bread and butter, we know that your vehicles carry precious cargo.
MOTOR VEHICLE INSURANCE PLANS
|Compulsary 3rd Party Liability||Up to ₱100,000||Up to ₱100,000|
|Own Damage Cover (Car-to-Car Collision)||—||20% or 30% or 40%
of your Vehicle's Fair Market Value
|Excess 3rd Party Bodily Injury**||—||₱100,000 or ₱200,000|
|3rd Party Property Damage**||—||₱100,000 or ₱200,000|
|Auto Passenger Personal Accident**||—||₱50,000 or ₱100,000|
|Roadside Assitance**||—||Max of 3 events per year|
** optional additional coverage
Compulsory Third Party Liability (CTPL) - This coverage, subject to the Limits of Liability, pays all sums or expenses necessary to discharge the liability of the vehicle owner with respect to bodily injury and/or death to any Third Party, in an accident caused by or arising out of the use of the motor vehicle.
Compulsory Third Party Liability Plus (CTPL PLUS) - This coverage is a flexible and fully customizable coverage that provides cover against car-to-car collision.
You can extend the coverage with the following add-on's: