CTPL application and claim now easier: Cebuana Lhuillier and Federal Phoenix Team-Up for CTPL Service

MANILA, Philippines - If there’s one thing that everyone dreads about car ownership is the hassle that’s associated with the annual registration renewal. Aside from long queues at the local LTO office, having to check and double-check all pertinent documents is important to make sure the renewal procedure is quick. One very important document that every vehicle should have is Compulsory Third Party Liability or CTPL coverage.

Although most people look at CTPL merely as a requirement for vehicle registration, it plays a vital part in protecting any motorist from financial burden that may occur from bodily injury or death that happens to pedestrians or any other third party in the event of an accident. CTPL is the first layer of protection for a motorist before the bodily injury clause of a comprehensive insurance plan takes effect. Knowing its importance, it’s easy to see why having CTPL from a reputable insurance company is paramount and easy issuance and claims processing would be added bonuses. Thankfully, two big names: Cebuana Lhuillier and Federal Phoenix Assurance are joining forces to make life easier for motorists.

This groundbreaking partnership called “Cebuana Compulsory Third Party (CTPL) Insurance” or “Cebuana CTPL” for short makes it easy for any motorist to gain access to CTPL issuance through any of Cebuana Lhuillier’s more than 1,500 branches nationwide. Whether it’s a month away before the LTO registration date or beating the clock, vehicle owners can now renew their CTPL policies conveniently and without worry. Simply drop at any Cebuana Lhuillier pawnshop outlet and bring a copy of the LTO Certificate of Registration (CR) and the latest Official Receipt (OR), and your CTPL can be renewed in just a few minutes.

Federal Phoenix Assurance believes that its services should be made available to every Filipino and not just those living in urban areas. Because of their company motto of “no one left behind”, CTPL claims made through Cebuana CTPL is now painless and easy thanks to the innovative web-based technology it pioneered. Claimants can simply drop by any Cebuana Lhuillier pawnshop outlet where the claims documents are processed through an electronic and centralized system. This expedites the entire claims process and eliminates the slow and costly handling of documents. Claims may be processed in as little as two days.

Lastly, because Cebuana CTPL is directly connected to the LTO’s computer system, vehicle owners are assured that they are protected by one of the country’s biggest insurance companies backed up by the leading micro financing agency. This acts as a deterrent to the proliferation of fake CTPLs that has become rampant in the past years.

Thanks to the partnership between Federal Phoenix and Cebuana Lhuillier, getting CTPL becomes more accessible, more affordable, and quicker. In short, CTPL becomes one less headache to worry about during your car’s annual registration.