Motorcycle Insurance Philippines - Buy/Renew Bike Insurance Policy Online

Why do I need motorcycle insurance?

Motorcycle insurance provides financial protection to riders in case they suffer injuries, damages, loss, and theft. It is also a must for motorcycle racers who plan to compete on level ground and even on on-road, motocross tracks.

How does motorcycle insurance work?

Motorcycle insurance works just like most car insurances in the country. The rider needs to pay an insurance premium for the insurance policy.

How much does motorcycle insurance cost?

The insurance premium depends on the net price of the motorcycle. Other factors that are also considered on the amount of the insurance include riding history, address, motorcycle type, security, and modifications.

What does motorcycle insurance usually cover?

Motorcycle insurance usually covers bodily injury or death, damage to the motorcycle for any collisions involving parked or moving vehicles, fences, concrete, or guardrails, damages caused on the third party’s vehicle in case of an accident, car or bike rental while the motorcycle is being repaired due to a covered accident, and towing and basic roadside assistance. Not all insurance companies provide the same coverage so it’s best to compare and choose which one is the most practical.

How do I apply for motorcycle insurance?

The following documents must be submitted to the insurance provider: official receipt (OR) of motorcycle, motorcycle registration document, valid government ID, photos of motorcycle. After submitting the documents and the payment, the application will be processed right away. The insurance policy will can be effective after 48 hours.

Can a motorcycle being used to drive for ride sharing companies be insured as well?

Some insurance companies cover motorcycles that are used for ride-hailing or delivery services.

How do I file an insurance claim?

The following documents must be submitted to the insurance provider: policy copy and official receipt of premium payment, police report affidavit, insurance claim form, before-and-after photos of vehicles involved, and estimate. The insured will be receiving the Letter of Attorney (LoA) authorizing the repair of the vehicle after two weeks. Within these weeks, the insurer will conduct inspections to verify the events stated in the police report.

Is the motorcycle covered while being transported?

The motorcycle continues to be covered during transit by land, inland waterway, lift, or elevator. If the motorcycle is being transported by aircraft or by inter-island vessels navigating on open seas, the motorcycle will not be covered.

Is the motorcycle covered while being towed?

The motorcycle continues to be covered while being towed as long as the damage is due to accidental collision. If the damage is due to improper towing, it will not be covered.

In case the insured sells the insured motorcycle, does the insurance cover go with it?

The CPTL covers the insured and not the insured motorcycle. Since the insurance policy is a personal contract, it does not go automatically with the change of ownership. To avail of the policy benefits, the original insured must submit a written request to the insurance company to transfer the insurance cover to the new owner. The insurance company has to approve the request and issue an endorsement to the policy indicating the name of the new owner as the new insured.