A good business practice. Facultative cessions abroad are not allowed unless approved by the Insurance Commissioner. Earthquake, flood, typhoons, volcanic eruption. Standard fire perils include - fire, lightning. Inspections are conducted by Government Inspectors.
Coverage is written on an occurrence basis.
Bodily Injury between P12,000 and P50,000 depending on category and weight. Coverage applies to the Insured and any licensed individual driving with the Insured's permission. Passengers are deemed to be Third Parties. Fleet discounts available. Extra-Territorial and Medical Expenses are included under the Scheme.