Are you planning to buy comprehensive motorbike insurance in the Philippines? If yes, here are a few things you should know. Is motorbike insurance compulsory in the Philippines? Yes, all motorbike owners who apply for registration in the Philippines must first file for CTPL or TPL, also known as Compulsory Third-Party Liability insurance. Once insurance is obtained, the Land Transportation Office (LTO) will issue the vehicle’s registration. Note that each year, the motorbike’s registration needs to be renewed and it is the owner’s responsibility to obtain third-party liability insurance. If…
Comprehensive motorbike insurance guidelines in the Philippines
