Car owners with comprehensive insurance for their motor vehicles are not required to buy compulsory third-party liability (CTPL) coverage when registering with the Land Transportation Office (LTO).Insurance Commissioner Reynaldo A. Regalado said comprehensive insurance coverage should meet the...
Understanding auto insurance
It may be your dream car or just your daily driver, but the big question always pops up. Do I need comprehensive insurance? In the Philippines, the law only requires TPL (Third Party Liability) at the very minimum during the LTO annual registration. Comprehensive...
