Motor Insurance
Named as one of the highly ascribed non-life insurance companies in the Philippines, Corporate Guarantee & Insurance Company (CGIC) was officially launched on 16th August 1997.
Offering various non-life insurance products catering to Motor, Fire, Personal Accident, Casualty, Marine and Bonds requirements, CGIC was registered with the Securities and Exchange Commission on 19th June 1997 and the Insurance Commission on 25th July 1997.
CGIC is among the top 25 out of more than 60 non-life insurance players in the country today.
The company takes pride in its ISO 9001:2000 certification for maintaining Quality Management System, given on 23rd April 2004.
The slogan "We Value our Commitment" is again backed by an ISO 9001: 2008 certification, a testament to CGIC's commitment in providing quality non-life insurance products and services, through efficient and effective systems and procedures.
Our CGIC offers the following Motor Insurance Coverage:
Owe Damage & Theft Cover - provides protection for loss (carnap) of the insured vehicle, loss of declared accessories (built-in & add-ons) and damage to the insured vehicle due to accident.
Compulsary Third Party Liability (CPTL) Cover - provides protection for death and bodily injury to third party (pedestrians) that got hit by the insured vehicle, which serves also a primary requirement for vehicle registration at the Land Transportation Office (LTO)
Voluntary Third Party Liability - Bodily Injury (VTPL-BI) Cover - provides protection for death and bodily injury to third party (pedestrians) that got hit by the insured vehicle in excess of the limits provided under the CTPL Cover.
Voluntary Third Party Liability - Property Damage (VTPL-PD) Cover - provides protection for damage to properties owned by third party that got hit by the insured vehicle.
Unnamed Passenger Personal Accident (UPPA) Cover - provides protection for death, bodily injury and medical reimbursement to any persons riding in the insured vehicle due to accident.
Acts of Nature (AON) Cover - provides protection for damage to the insured vehicle due to natural calamities
