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BDO CAR INSURANCE – How Much Is the Premium Based on Type of Vehicle

Guide on BDO Car Insurance Premium Based of Vehicle Type

BDO CAR INSURANCE – Here is a guide on how much your premium may be based on the type of your vehicle.

After securing a vehicle, there are surely a lot of things that come into your mind. You might like to purchase a set of new mag wheels, install some sensors, buy the best dash cam, etc.

All the aforementioned things are great but there is something you must not forget to prioritize – a car insurance. It is important that you have a safety net everytime you are riding your car.

When it comes to insurance policies, there are several entities that offer it including banks. One of them is BDO Unibank.

BDO Car Insurance

BDO Unibank is one of the biggest banks in the Philippines. It has several branches nationwide and is also one of the most popular when it comes to the field of banking and finance.

With regard to the features of the BDO Car Insurance, it comes with a five-year offer of no depreciation for the auto parts. Usually, insurers only offer three (3) years.

It also has a locked-in value. In the unfortunate event of total loss, the owner will get the “total sum insured less deductible only”. There is no monthly depreciation as well.

With regard to the possible premium under the BDO Car Insurance, there are several factors linked to it. The following may take roles:

  • FMV – Fair Market Value or Unit Value
  • TPBI – Excess Third Party Bodily Injury
  • TPPD – Third Party Property Damage
  • PC – Private Car/Sedan (e.g., Toyota Vios, Mits. Lancer, Ford Focus, Honda Civic)
  • AUV/SUV – Asian Utility Vehicle/Sports Utility Vehicle (e.g., Isuzu Crosswind, Mits. Adventure, Ford Expedition)
Screengrabbed from BDO Unibank Website

Do you want to apply for the said insurance? You may visit the branch of BDO Unibank nearest to you.

Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.

READ ALSO: BDO HOME INSURANCE – Benefits Of Having Your House Insured

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