Motorstar 2024•2024

insurance covers the bodily injury or death of a third party and their property damage caused by the insured vehicle. It is mandatory in the Philippines, requiring documents like the OR and CR, and a driver's license to apply. TPL does not cover the insured's vehicle, their own injuries, or third-party property damage unless they are involved in a car-to-car collision, and requires specific claims documentation to process. What TPL Covers Bodily Injury: Medical fees, hospital bills, medication costs, and other related expenses for a third party. Death: Financial compensation for the third party's family to cover funeral expenses. Property Damage: Financial coverage for damages to a third party's property caused by the insured vehicle. Legal Liability: Ensures the insurance company handles claims and settlements on your behalf if you are legally liable for injury or death to a third party. What TPL Does Not Cover Your own vehicle's damage or theft . Your own medical fees or injuries . Damages to the vehicle: when the insured vehicle is not in motion. Key Requirements & Conditions Mandatory for LTO Registration: TPL is a compulsory insurance required by the Land Transportation Office (LTO) for all motor vehicle owners in the Philippines. Application Documents: You need to provide: Personal and vehicle details Official Receipt (OR) Certificate of Registration (CR) Driver's License Other government IDs Claim Requirements: To process a claim, you may need to submit: Police Report Driver's License and Official Receipt Vehicle Registration Certificate and Official Receipt Medical certificates, hospital bills, and receipts for medicine or funeral expenses. Affidavit of Desistance or quitclaim.