Course 5510 lessons

Auto and property insurance

A deep dive into protecting your car and your home in the Philippines: what CTPL and comprehensive coverage really pay for, the exclusions that catch people off guard, and how to insure against flood, typhoon, and everyday disaster risk.

CTPL vs comprehensive car insurance

Compulsory Third Party Liability, or CTPL, is the minimum car insurance required by law to register any vehicle in the Philippines. Despite the name sounding broad, what it actually covers is narrow: it pays for injury or death caused to other people, like a pedestrian or the occupants of another vehicle, in an accident you're at fault for. It does not pay for damage to property, and it does not pay a single peso toward your own car.