Paramount
Product Overview
| Vehicle Use | Private |
| Allow Custom Retail: | Yes |
| Allow Customer Fleet: | Yes |
| Allow Foreigners: | Yes |
Cover Details & Options
| Cover Type | Vehicle Type | Minimum Insured Value | Maximum Insured Value | Maximum Vehicle Age |
|---|---|---|---|---|
| Comprehensive | Sedan | PHP0.00 | PHP10,000,000.00 | 10 |
| Compulsory Third Party Liability (CTPL) | Sedan | PHP0.00 | PHP100,000.00 | 10 |
| Comprehensive | SUV, AUV, Van, Pickup | PHP0.00 | PHP10,000,000.00 | 10 |
| Compulsory Third Party Liability (CTPL) | SUV, AUV, Van, Pickup | PHP0.00 | PHP100,000.00 | 10 |
Covered Risks
| Risk Type | Included in Basic Cover | Deductible |
|---|---|---|
| Own Damage/ Theft | Additional Premium | N/A |
| Acts of Nature | Additional Premium | N/A |
| Strike, Riot, Civil Commotion | Additional Premium | N/A |
| Compulsory Third Party Liability | Additional Premium | N/A |
Product Advantages and Limitations
| Benefit | Accepts up to 10-year old cars |
Paid Add-Ons
| Add On Type | Cover | Deductible Text |
|---|---|---|
| Voluntary Third Party Liability - Property Damage | PHP500,000.00 | N/A |
Fees
| Fee Type | Fixed Fee Range | Premium Percentage |
|---|---|---|
| Documentary Stamps | PHP0.00-PHP20,000,000.00 | 0.12500% |
| Value Added Tax | PHP0.00-PHP20,000,000.00 | 0.12000% |
| Local Government Tax | PHP0.00-PHP20,000,000.00 | 0.00200% |
