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   AT A GLANCE
  • Coverage that includes third party liability (with additional coverage for bodily injury and property damage).

  • Provides coverage for loss or damage, and automobile passenger personal accident insurance.

  • PLGIC's Motor Vehicle products can be applied to both private and commercial vehicles.

 
With the growing rate of car accidents in the Philippines, 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. Drive with security with Paramount’s comprehensive motor vehicle insurance with coverage that includes third party liability (with additional coverage for bodily injury and property damage), loss or damage, and automobile passenger personal accident insurance. Each of our Motor products can be applied to both private and commercial vehicles.
 
     LOSS AND/OR DAMAGE COVER
 

This coverage protects and indemnifies the vehicle owner against loss or damage of the motor vehicle and its accessories and spare parts resulting from

  • Accidental collision or overturning.
  • Fire, external explosion, self-ignition or lightning.
  • Burglary, housebreaking or theft.
  • Malicious acts.

Coverage also extends to when the insured vehicle is being transported from one location to another.

       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.

       EXCESS BODILY INJURY/EXCESS LIABILITY INSURANCE.
    This coverage, subject to the Limits of Liability, will reimburse the vehicle owner for all sums actually paid by the vehicle owner to discharge liability in respect to bodily injury and/or death to a Third Party in an accident caused by the use of the motor vehicle when the Compulsory Third Party Liability (CTPL) limit has been exhausted.
       PROPERTY DAMAGE
    This coverage, subject to the Limits of Liability, will pay for all sums necessary to discharge liability of the vehicle owner in respect to damage to a Third Party property in an accident caused by and arising out of the use of the motor vehicle.
       NO FAULT-INDEMNITY COVER
    This coverage pays for any claim of bodily injury and/or death to any Third Party in an accident caused by the use of the motor vehicle without the necessity of proving fault or negligence of any kind, but is not to exceed Php15,000.
       AUTO PASSENGER PERSONAL ACCIDENT.
    This coverage protects the passenger (s), including the driver of the motor vehicle, against bodily injury resulting in death or disablement caused by an accident while operating, riding in, boarding or alighting from the insured vehicle.
       EXTENSIONS
   

ACTS OF GOD COVER

  • This coverage protects and indemnifies the vehicle owner against loss of or damage to the motor vehicle and its accessories and spare parts resulting from flood, typhoon, hurricane, volcanic eruption, earthquake, and other natural catastrophes.