BPI MS Compulsory Third Party Liability (CTPL) Insurance

SECURED DRIVES WITH THESE BENEFITS:

Accidental Passing
- Provides cash benefit to third-party in case of death due to accidental collision involving your vehicle.

Cover for Injuries
- Reimburse medical expenses related to injuries inflicted to third party while using your motor vehicle.

Limits, coverage and exclusions are subject to policy terms and conditions.

FAQs

What is BPI MS Compulsory Third Party Liability Insurance?
- The BPI MS Compulsory Third Party Liability (CTPL) Insurance will protect you from financial obligations in the event of an injury or death of a third party arising from an accident involving your covered vehicle. CTPL is a requirement of the Land Transportation Office before your vehicle can be registered.

Is your CTPL insurance recognized by the LTO?
- Yes. The BPI MS Compulsory Third Party Liability Insurance is recognized and will be accepted by the Land Transportation Office (LTO) when you apply/renew your car's registration.

How different is the Compulsory Third Party Liability (CTPL) with the Comprehensive Motor Insurance of BPI MS?
- The Compulsory Third Party Liability (CTPL) insurance is the basic insurance coverage required by the Land Transportation Office when you register your vehicle. This coverage will answer for the death, disablement and medical expenses of a person injured arising from an accident involving your vehicle. The BPI MS Comprehensive Motor insurance goes beyond the liability to third parties. This insurance package will respond even to own damage, theft, accidental collision to other vehicles and more. Plus, for qualified vehicle, it has a 24-hour Express Roadside Assistance (ERA) that will respond to you in case of a car breakdown or other road emergencies. We highly suggest that you get the comprehensive cover on top of your CTPL to protect you from further financial loss in case of a road mishap.

How different is the Compulsory Third Party Liability (CTPL) with the Comprehensive Motor Insurance of BPI MS?
- The Compulsory Third Party Liability (CTPL) insurance is a mandatory coverage required by the Land Transportation Office (LTO) for vehicle registration. It provides financial protection for the death, disablement, or medical expenses of individuals injured in an accident involving your vehicle. For more extensive protection, the BPI MS Comprehensive Motor Insurance goes beyond covering third-party liabilities. This package includes coverage for:
- Damage to your vehicle caused by accidental collision.
- Theft of your vehicle.
- Damage to other vehicles or properties caused by your vehicle.
- Sudden passing and/or permanent disablement of your passenger due to an accident involving your vehicle and more
- Additionally, qualified vehicles enjoy 24-hour Express Roadside Assistance (ERA), offering support during breakdowns or other road emergencies.

We strongly recommend adding a comprehensive cover alongside your CTPL to shield yourself from significant financial loss in case of a road mishap.

Do I still need to get this if I already have Comprehensive Motor Insurance of BPI MS?
- Yes. CTPL is a standalone cover required by the LTO. Even if you have a Comprehensive Motor Insurance, you will still need to avail of a CTPL insurance. The Voluntary Third Party Liability (VTPL) for Bodily Injury cover in your BPI MS Comprehensive Motor Insurance is an additional coverage on top of your CTPL.

What if my vehicle has caused an injury to a person that led to hospitalization and I have both BPI MS CTPL and the BPI MS Comprehensive Motor Insurance, which will respond?
- In the unfortunate event of causing injury to another person that led to medical expenses, your BPI MS CTPL will respond first. Once the limit of your CTPL has been exhausted, the VTPL Bodily Injury cover from your BPI MS Comprehensive Motor Insurance will respond.

In the event of accident and my vehicle is damaged, will the CTPL Insurance that I bought from BPI MS cover the cost of repair?
- The BPI MS CTPL will only respond to bodily injury or death of third party arising from an accident. This will not cover the cost of repair of your vehicle. We highly suggest that you get the BPI MS Comprehensive Motor Insurance so that your vehicle is covered from Own Damage.

DISCLAIMER
The FAQs found in this page are merely for informational purposes and are not to be taken as contract of insurance. While all effort was exhausted to ensure that the contents of this FAQs are accurate and up to date, the terms and conditions and clauses found in the actual insurance policy will always prevail.