Third Party Liabilities

We already mentioned in our previous blog that having a Compulsory Third Party Liability (CTPL) is mandated by the Land Transportation Office (LTO) since the purpose of this insurance is to protect the public to the inevitable dangers brought by vehicles.

But what exactly is a CTPL? This type of insurance will pay the necessary amount which that is within the limits of the insurance policy. This is to relieve the insured vehicle owner from any liability and to assure the third-party victim that there will be financial assistance.

In other words, if you were a victim of a CTPL insured vehicle, you and your loved ones can claim compensation based on a CTPL policy under these conditions:

  • You are a third party to the owner of the insured car
  • The car that is insured caused you to sustain an injury or resulted in death
  • The injury you sustained requires hospitalization and/or may result in disability or death

We would also like to give you a few tips on how to file a CTPL insurance policy:

  1. Read the fine print. Of course, there is a standard generic CTPL policy. However, it is still important to read and to be familiar with the fine print of the said policy. All insurance policies may not contain the same fine print regarding limitations so better check every detail.
  2. Always keep calm during times of panic. God forbid that you met an accident with your vehicle. It’s a scary thought, right? The first thing you must do is the necessary first aid to the injured individual and call the authorities for proper assistance, medical attention and investigation.
  3. Always be honest and consider an amicable settlement
  4. Give the right information to the other party. You will have to exchange information regarding the names, address and contact details of the other party and witnesses; the name of the registered owner of the other motor vehicle, his address and his contact number; the name of the of the registered owner of the other motor vehicle, his/her address and his contact number and lastly, the details of the CTPL policy of the other vehicle.
  5. Take pictures of the car, scene of the accident and where it all took place. Always document everything that occurred at the scene of the accident and the extent of damage to the vehicles and property. Do not forget to show the plate numbers of the vehicles to easily identify the respective vehicles. If you have a dashcam installed in your car, it is better to preserve the video evidence for your reference.

Lastly, when filing a claim, wouldn’t it be great to get what is rightfully yours in such a short time?

So when availing a CTPL, why not get yours from the best? Get it from AA Guaranty Assurance Co., Inc.!

Visit AA CTPL to know more!

Because here in AA, #IkawAngBida

Summer Heat

It’s April and the weather is like an inferno. It’s difficult to walk outside without breaking a single sweat because obviously, summer is here.
Sure this season is really hard on our bodies, mood and electric bills. Not to mention that some would rather spend time in cooler places like malls just to avoid the heat.
With that said, it is essential to always have a handkerchief, small towel for your back and of course, a bottle of water to keep yourself hydrated.
Now, allow AA Guaranty Assurance to give you tips on how to keep cool during the summer season!

  1. Drink lots of water
    This has been said countless times before but you know, keeping yourself hydrated all the time is really important. However, water is not your only option to keep cool but it is the most accessible for most of us.
  2. Wear appropriate clothing
    Now is not the time to flaunt your jackets and sweaters. Always wear something that’s comfortable and clothes that doesn’t cover much of your skin. That way, you’ll be able to feel at least a slight breeze and also, not look ridiculously overdressed during the hot summer season.
  3. Exercise comfortably
    It would be recommended to get a gym membership and stay away from exercising in the heat. But if that’s not doable for you, do an alternative type of exercise such as swimming and various water sports that gets the job done.
  4. Know your cooling points
    If you are trapped in a hot area and can’t find a cool spot, best to get an ice pack or cold towel and apply to your cooling points. These are your wrists, forehead, neck and joint areas. By knowing your cooling points, you’ll be able to cool yourself off faster and more effectively.

And that my friends are some ways on how to cool your body down during the scorching heat. Don’t forget to always have yourself protected at all times and of course, if protection is what you need, you can always count on a non-life insurance company that can create products made for you. Get your insurance from the best. Get it from AA Guaranty Assurance Co., Inc.!