What is the difference between comprehensive and TPL?
In general, a comprehensive car insurance policy will cover you for a wide range of damages, injuries, and loss to your passengers, your vehicle, and other property. Third party car insurance is more restrictive, covering damage to other vehicles and their passengers, but typically not much else.
Do you still need TPL If you have comprehensive insurance?
Philippine law requires all vehicle owners to purchase a compulsory Third Party Liability (TPL) insurance policy before they register or renew their vehicles at the LTO. Comprehensive car insurance can also be purchased for extra protection, but isn’t required by law.
Do I need both comprehensive and third party insurance?
CTP is for people only and does not cover damage to any vehicles, yours or someone else’s. Comprehensive covers damage to your vehicle and others’ vehicles and property, but does not cover people. Other insurers who do not offer CTP or green slip insurance may offer third party property insurance.
When would you use TPL insurance?
As mentioned earlier, the LTO requires this when purchasing a new car or renewing a car’s registration. By law, this means that you have to have TPL coverage before you’re even allowed to drive your vehicle on the road. That way, drivers on the road are covered from third-party related damages/injuries.
Is comprehensive insurance the same as fully comprehensive?
Comprehensive car insurance – also known as fully comprehensive – covers damage to yourself, your car as well as compensating a third party if you are involved in an accident. It also covers you for theft and fire damage.
What does TPL insurance cover?
TPL stands for “third party liability,” and may also be referred to as Compulsory Third Party Liability insurance. TPL insurance protects you from the liability that you will incur in the case of an accident that has injured or killed a third party.
Does comprehensive insurance include third party?
Comprehensive car insurance covers damage to your car whereas third party, fire and theft do not when an accident is deemed your fault. Comprehensive is a higher level of insurance and therefore has you covered more than third party, fire and theft.
Is Comprehensive better than third party?
What is the difference between comprehensive and third party fire and theft car insurance? Comprehensive cover protects your vehicle against accidental damage claims while third party fire and theft doesn’t.
How do I know if my insurance is comprehensive or third party?
One major difference between third-party insurance and comprehensive insurance is the range of protection offered to you and your vehicle. While a comprehensive plan provides multiple protection covers for you and your vehicle, a third-party cover is limited to offering protection against the claims of a third party.
Does comprehensive insurance cover personal property?
Almost every fully comprehensive car insurance policy includes some level of cover for your personal belongings if they’re stolen or damaged within your car. So you won’t be able to claim if you have third-party only insurance, or third-party, fire and theft (which only covers the theft of your car).
