Overview of Paramount Car Insurance
Unfortunately, the number of car accidents in Philippines is increasing every day. Thus it is more important than ever to protect yourself from the financial hit you will have to bear in the event of an accident. Paramount Insurance and Surety Corporation ventured into the non-life insurance business in 1950, which includes the field of Car Insurance. With these years of experience in the field, Paramount knows exactly what its customers are looking for and how they can be served best.
Paramount covers not only private cars, but also commercial trucks that you use for your business so you can be at peace knowing that all your vehicles are well protected. The Plan includes passenger personal accident insurance, third party liability (with bonus coverage for bodily injury and property damage) and coverage for loss/damage.
Features and Benefits of Paramount Car Insurance
Loss And/Or Damage Cover:
This plan will give you a comprehensive coverage for any loss/damage to the vehicle, its accessories as well as spare parts which has resulted from accidental collision, overturning, malicious acts, external explosion, self-ignition, lightning, fire, housebreaking, theft or burglary
Compulsory Third Party Liability (CTPL)
In accordance with the Limits of Liability, this covers all the expenses which will be incurred in order to excuse the covered individual who is driving the vehicle from injury/death of Third Party.
Excess Bodily Injury/Excess Liability Insurance
In accordance with the Limits of Liability, this covers all the expenses which will be incurred in order to excuse the covered individual who is driving the vehicle from injury/death of Third Party, when the CTPL limit is exhausted.
In accordance with the Limits of Liability, property damage cover includes the amount necessary to relieve the insured of the damage cause to a Third Party property when he/she is in an accident (while driving the vehicle).
No Fault-Indemnity Cover
For this coverage you do not need to prove fault or negligence of any kind. However the maximum this coverage is worth is Php15,000. All claims of bodily injury and/or death to the Third Party is included in this coverage.
Auto Passenger Personal Accident.
Everyone, from the vehicle’s driver to the passenger(s) in the vehicle, will be protected from death/all bodily injury.
Covers all the damage to the vehicle, its spare parts and accessories caused by natural disasters like hurricane, flood, earthquake, volcanic eruption, typhoon etc.
FAQ forParamount Car Insurance
- What is the contact number I can use to make more inquiries?
- How can I make payments for car insurance?
- What all does loss/damage of the vehicle include?
- Are passengers included in the coverage?
- What kind of vehicles can be insured in this plan?
You can call +632 772 9200 or +632 772 9300 to reach Paramount.
For Car Insurance and other Non-Life Insurance policies, you can go to any of the offices to make the payments. The address of the various offices can be found on the official website. You can make your payments by cash or check. Checks must be written out to ‘Paramount Life & General Insurance Corporation’.
Accidental collision, overturning, malicious acts, external explosion, self-ignition, lightning, fire, housebreaking, theft or burglary is included in the coverage.
Yes, any bodily damage to passengers and the driver is included in the coverage. Bodily injury which results in death/disablement while operating, boarding, riding in, or alighting from the insured vehicle is covered.
Both private and commercial vehicles can be insured in this plan. Third party liability is also applicable for all your insured vehicles.