Comprehensive Commercial Insurance
If the scheduled vehicle is more than 2 years old at the time of the loss, repairs shall be undertaken by a non-dealer (non-casa) repair shop accredited with the company. All other terms and conditions of this policy remain unaltered.
1. Policy Name: Extended Third Party Bodily injury and Property Damage Tariff
2. Insurance Partner: PIONEER YOUR INSURANCE
3. Coverage Type: Unnamed Motor Vehicle Passenger Personal Accident Plan (UMPPAP)
Warranties & Clauses
• Annual Premium Rate: 3.1% (Fixed) Acts of Nature (AON) Fair Market Value (FMV) up to PHP 3 Million
• Annual Premium Rate: 0.5% (Fixed) Third Party Bodily Injury
• Coverage Limit of Liability: PHP 300,000 • Annual Premium Rate: PHP 585.00
• Coverage Limit of Liability: PHP 300,000 Annual Premium Rate: PHP 1,395.00 Unnamed Motor Vehicle Passenger Personal Accident Plan (UMPPAP)
• Coverage Limit of Liability (per seat): PHP 50,000.00
• Annual Premium Rate (per seat): PHP 162.50 Medical Reimbursement
• Coverage Limit of Liability (per seat): PHP 5,000.00
• Annual Premium Rate (per seat): PHP 162.50
Warranties & Clauses
If the scheduled vehicle is more than 2 years old at the time of the loss, repairs shall be undertaken by a non-dealer (non-casa) repair shop accredited with the company. All other terms and conditions of this policy remain unaltered.
The company will pay and/or replace the airbags including the cost of re-installation following its deployment or discharge consequent upon a sudden and accidental impact to the insured vehicle provided that due to such impact, the said vehicle sustained damages that are compensable under section iii of the policy. The company, however, will not pay for claims in respect of damage to the airbags nor for the cost of its re- installation under certain conditions.
This insurance excludes loss, damage, cost, or expense directly or indirectly caused by, resulting from, or in connection with any act of terrorism. Definition of the act of terrorism is provided. This endorsement also excludes actions taken in controlling, preventing, suppressing, or relating to any act of terrorism.
Agreement on repair procedures in the event of partial loss or damage to the insured vehicle/s using locally-available and/or locally-manufactured parts. Procedures for unavailable parts and tax- free vehicles are outlined.
Procedures in the event of a claim for tax-free vehicles for total or partial loss. Repair procedures and reimbursement for imported parts are detailed.
Agreement on the measure of loss or damage to accessories or spare parts forming part of a pair or set.
his contract does not cover any liability arising from asbestos-related claims.
The company will not be liable for any claim under this policy for loss or damage to accessories of the vehicle/s unless specifically declared to the company and noted in the policy with individual sums insured applicable to each item.
The company shall not indemnify the assured for any claim/s arising from accidents while the driver of the insured vehicle is under the influence of intoxicating substances.
This insurance excludes any loss, damage, liability, expense, fines, penalties, or any other amount directly or indirectly caused by, involving, or arising out of any infectious disease, virus, bacterium, Coronavirus (COVID-19), pandemic, or epidemic.