COM­PUL­SORY THIRD PARTY LI­A­BIL­ITY

Top Gear (Philippines) - - The Garage New Car Guide -

One should re­mem­ber that in times of road ac­ci­dents, dam­age or harm is not lim­ited to you or your car. Some­times, ac­ci­dents in­volv­ing your ve­hi­cles can cause harm to peo­ple who have no busi­ness with you and was sim­ply in the wrong place at the wrong time. And that’s where Com­pul­sory Third Party Li­a­bil­ity (CTPL) comes in. It’s an in­sur­ance against li­a­bil­ity for the death or even bod­ily in­jury of third par­ties from mo­tor ve­hi­cle ac­ci­dents. Third party refers not to the owner, driver, or pas­sen­ger of the in­sured ve­hi­cle. Also, the law re­quires a CTPL cov­er­age be­fore any ve­hi­cle (brand-new or not) is reg­is­tered with the Land Trans­porta­tion Of­fice. Please drive care­fully out there. Ap­ply for an mo­tor­car in­sur­ance cov­er­age to make your jour­neys on the road has­sle-free.

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