Many Filipinos prefer to purchase motorcycles over cars because aside from being more affordable, they are also capable of bringing you to your destination faster, as these are able to weave through traffic.

However, motorcycles are also considered as more accident-prone than other vehicle types, so it is highly recommended for every motorcycle owner to comprehensive motorcycle insurance only from reputable firms.

Standard Insurance Company, Inc. is a multi-awarded firm that aspires to be "one of the World’s Top 10  finest general insurers by 2035." Since 1998, it has been ISO-certified for its quality management systems. In 2020, Standard Insurance was hailed as the Best Non-Life Insurance Company in the Philippines by World Finance.

It offers Motorcycle Protect, a comprehensive motorcycle insurance that lets you enjoy a safe and worry-free ride. Here are the benefits that it provides:

Compulsory Third Party Liability (CPTL)

The CPTL is a requirement for the registration of a motorcycle with the Land Transportation Office (LTO). It protects the policyholder against liability of bodily injury or death of third party due to an accident caused by the insured motorcycle.

Voluntary Third Party Liability (VTPL) / Excess Bodily Injury (EBI)

The indemnities beyond the CPTL limit will be shouldered by this coverage. It covers any indemnities arising from an accident caused by the insured motorcycle.

Third Party Property Damage (TPDD)

When the insured motorcycle causes an accident that damages property of a third party, this insurance feature will protect the policyholder against liability.

Own Damage (OD)

This feature provides coverage against damage to the insured motorcycle resulting from accidental collision, overturning, falling, fire, and malicious acts of a third party.

Personal Accident Insurance Rider (PA Rider)

If the insured motorcycle gets involved in an accident, the expenses for the injury or death of the passengers will be covered by the insurance.

To learn more about Motorcycle Protect, call the Standard Insurance customer service hotline at (+632) 8845-1111 or visit any of its offices nationwide. Interested clients may also send an inquiry through the Contact Us page on the Standard Insurance website or by sending an email to inquiry@standard-insurance.com.

Photo from Standard Insurance