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Vehicle Insurance
Motor Vehicle Insurance
Insurance that protects against losses that may arise in connection with the ownership and use of motor vehicles.
Coverage Types
Comprehensive vs TLO
The covered risks can be seen in the comparison table below.
COMPREHENSIVE
Provides compensation for both total loss and partial damage.
TLO (TOTAL LOSS ONLY)
Provides compensation for total loss only, where the repair cost equals or exceeds 75% of the actual vehicle value.
Risk Comparison
Covered Risks
| Covered Risk | Comprehensive | TLO |
|---|---|---|
| Malicious Acts | ||
| Theft | ||
| Collision | ||
| Fire | ||
| Riot | ||
| Earthquake | ||
| Flood | ||
| Landslide | ||
| Typhoon | ||
| Tsunami | ||
| Personal Accident | ||
| Volcanic Eruption |
Legend:CoveredNot Covered
Extended Coverage
Extended Coverage
The following extended coverages are available:
1.
Third Party Liability
TPL
2.
Personal Accident
3.
Typhoon, Storm, Flood, Hail & Landslide
TSFHL
4.
Earthquake, Tsunami & Volcanic Eruption
EQVET
5.
Strike, Riot, & Civil Commotion
SRCC
6.
Terrorism & Sabotage
Consultation
Discuss your Motor Vehicle Insurance needs
Contact our Motor Vehicle team for professional consultation.