What is CTPL?
CTPL, which stands for Compulsory Third-Party Liability, is an insurance policy required by the LTO for all vehicle owners prior to registration of their vehicle. It covers liabilities arising out of a vehicular accident that causes bodily injury or death of a third party person involving the insured vehicle.
Why You Need CTPL
Aside from it being required by the government, whether you will use the vehicle for private or commercial purposes, CTPL insurance will cover property damage, disablement, death, and/or medical expenses of a person that was injured during a road accident involving your vehicle.