Do You Need Car Insurance In The Philippines?
Especially when driving in the mayhem of the Philippines, car insurance is essential. … Compulsory third party liability (CTPL) insurance is required for all vehicles, this is to ensure financial cover. Most of the time, you can buy your insurance at the Land Transportation Office (LTO) office in cash

When you register your car with the Land Transportation Office, you are required by law to get basic Compulsory Third Party Liability (CTPL) car insurance to protect against possible liabilities to third parties. According to the Insurance Code of the Philippines, a third party is defined as any person other than a passenger, family member, or household member of the vehicle owner.
In other words, CTPL protects pedestrians from potential damages or injuries that arise from the use of the insured car. This is compulsory and covers any bodily injuries or deaths caused for of up to P100,000. However, CTPL does not cover loss or damages to property, and is very limited in this regard.

What Paperwork Is Required In Getting Vehicle Insurance?
Once you have chosen the right insurance company for you the process begins. You will need the following requirements to apply for insurance.
Original Receipt (OR)
It shows that the vehicle’s registration has already been paid for by your dealership that you purchased the unit from or has been previously registered by the prior owner. Make sure to also have at least a photocopy and a digital copy of the latest OR on hand for later use.

Certificate of Registration (CR)
This document shows that your vehicle has been registered in the Philippines and that you are the owner. If your vehicle was purchased second hand it is highly recommended that you change the ownership details to yours.

Driving License
The Driver’s license will act as one of the primary ways to identify you when it comes time to submit insurance documents. It also proves that you are able to drive a vehicle.

Government ID
This acts as another means of identifying you when it comes to processing the required documents. You can use any sort of ID so long as it comes from the Philippine government.
Examples of such are as follows: Passport, SSS ID, Postal ID, Driver’s license, Voter’s ID, TIN, etc.
It is important to note that some companies may ask you for a physical copy of these documents so have them ready to make your application process move smoothly.

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Our Monthly Living Expenses Bohol, Philippines, 11th October 2018, https://youtu.be/MsOp9RM_ip0 Timestamp 10.00