Having car insurance in the Philippines is a necessity, in fact, even the government requires you to get Compulsory Third Party Liability (CTPL) for your vehicle when you registered it. … It only covers the death or injury of a third party and not the damages to the vehicle itself.
What happens if you don’t have car insurance Philippines?
You’ll Lose Car Insurance Coverage
You won’t get protection against the financial impact of car damage or loss caused by an accident or any unfortunate incident. If your uninsured vehicle causes a crash, you’ll have to pay for car repairs, medical bills, and other expenses out of your pocket. This can cost a lot.
Can you drive without insurance in the Philippines?
For instance, the law requires all old and new cars in the Philippines to have third party insurance, otherwise known as Compulsory Third Party Liability or CTPL. … Without it, a vehicle simply cannot be registered with the Land Transportation Office (LTO).
Is comprehensive car insurance mandatory in the Philippines?
What is Comprehensive Insurance for Cars in the Philippines? True to its name, a comprehensive insurance for cars in the Philippines or “compre” is a more comprehensive type of policy compared to CTPL. It’s not mandatory, but it is highly recommended to buy one, especially if you use your vehicle everyday.
Is it OK not to have car insurance?
You must show financial responsibility for any vehicle that you own, in case of injury to other people or damage to their property. … If you do not have auto liability insurance, you can be fined, your license may be suspended, and your vehicle could be impounded.
Is it illegal not to have comprehensive car insurance?
Is car insurance mandatory in all states and territories? Yes, Compulsory Third Party (CTP or, in New South Wales, Green Slip cover) is mandatory in all Australian states and territories.
What will happen if I don’t have car insurance?
Potential consequences of driving without insurance include a costly ticket, license suspension, a lack of financial protection in the event of an accident, and even denial of insurance coverage if you’re involved in a wreck and deemed not-at-fault.
What happens if you get in an accident without a license Philippines?
The fact of having or not having a license does not affect your car accident case. You can proceed as you would normally proceed in dealing with a car accident, including collecting money to help pay for your injuries, vehicle damage, and other property damage.
What is the difference between TPL and comprehensive insurance?
TPL provides compensation to the third party in case of an accident. Comprehensive car insurance can also be purchased for extra protection, but isn’t required by law. … It does not cover personal injury or death of the insured, or any injuries or death of family and employees.