– refers to contract of insurance against a passenger and third-party liability for death or bodily injuries arising from motor vehicle accidents.
– covers loss of or damage to the insured vehicle caused by the insured perils specified in the policy
– is a protection coverage that will answer for legal liability for losses and damages for bodily injuries or property damage that may be sustained by another arising from the use and operation of a motor vehicle by its owner.
Motor Vehicle – Under Section3(a) of Republic Act No. 4136, any vehicle propelled by any power other than muscular power using the public highways. Excepting road rollers, trolley cars, bulldozers, forklifts, amphibian trucks and cranes if not used in public highways