Risks Subject to Underwriting Approval

List of vehicles that are subject to approval:

  • Vehicles over 8 years old
  • Vehicles with less than P250,000 Fair Market Value (FMV)
  • Imported vehicles and/or vehicles not appearing in the Premium Rate Schedule
  • Motorcycles
  • Aluminum Vans
  • School Buses
  • Tourist Buses
  • Vehicles used for the carriage or passengers or for hire or reward
  • Motortrade vehicles
  • School buses