Be it for work, travel, or everyday mobility, motorcycles remain one of the most preferred modes of transportation in the country. And why not? They are easy to drive, park, maintain, and afford.
All these attributes have led to a rise in the number of motorcycle owners in the country, and the figures are only growing year on year. With so many two-wheeled vehicles on the road, safety issues arise due to the high risk of accidents and collisions. The answer to all these problems is motorcycle insurance.
We have already discussed the basics of motorcycle insurance in detail, as well as the add-ons that every Filipino rider should consider. Today, we’ll shed light on Personal Accident Coverage and explain why this add-on matters for riders and should be considered. You see road accidents when you least expect them, and without proper protection, riders may face harsh financial and emotional burdens.
In this article, we’ll discuss the importance of this coverage and how it’ll help motorcycle riders stay safe, secure, and financially protected. So, without any delay, let’s begin …
Personal Accident coverage in motorcycle insurance - The basics
Personal Accident (PA) coverage is one of the most essential parts of motorcycle insurance; however, it is often overlooked. This add-on provides financial support if the rider suffers injury, disability, or death in an accident.
What counts as a personal accident? As per PA coverage, accidents may include impact-related events such as collisions, slips, road crashes, and sideswipe incidents. In short, as long as the injury or loss is unintentional or sudden, it typically qualifies under PA coverage.
What is the importance of personal accident coverage for daily riders? The fact is, the more often you ride, the higher the risk, which makes this particular coverage essential.
Also Read: Top motorcycle insurance add-ons every Filipino rider should consider
Personal Accident Coverage vs. Compulsory Third Party Liability (CTPL) Insurance
What is CTPL insurance & what coverage does it offer?
CTPL insurance is mandatory by law in the country and is required for LTO vehicle registration. As for coverage, it protects against third-party bodily injury or death. It does not cover the insured motorcycle or the policyholder.
CTPL & PA coverage combo
When a motorcycle rider's insurance plan includes both CTPL and PA coverage, it leads to complete protection against third-party liability, medical reimbursement, and hospital & medical bills.
Key features of PA coverage
Let us now discuss the key features of personal accident coverage in the Philippines -
Medical reimbursement for injuries: This ensures coverage against medication, hospital bills, consultations, and emergency treatments.
Permanent disability compensation: It also provides monetary assistance for limb loss, mobility impairment, or vision impairment.
Accident death benefits: Providers offer financial compensation if the rider dies in an accident.
Additional coverage
Some insurance providers also offer additional protection, including a daily allowance to ease expenses during a hospital stay and ambulance services.
Photo from FreepikPersonal Accident coverage: Why it matters
Here are the top reasons why a rider is recommended to opt for personal accident coverage -
Takes care of financial burden after an unexpected accident or collision: Matters like hospital stay, medical bills, and income loss quickly drain savings. PA coverage ensures financial assistance during such events.
High accident rate among riders: Each year, the number of motorcycle accidents continues to rise. You see, riders are among the most vulnerable on the road, especially on heavily trafficked roads and highways.
Peace of mind: Knowing that you are protected on the road adds a lot of confidence. Furthermore, the rider’s family gains assurance that they have full support in the event of an unfortunate incident.
Factors affecting PA coverage needs
Here are a few factors that influence a rider's personal accident coverage requirements -
- Daily riding frequency
- Budget
- Type of motorcycle
- Risk exposure
Personal Accident claim: Step-by-step guide
Step 1: After the accident, first ensure everyone's well-being. Next, notify the insurance provider immediately.
Step 2: Provide accident details to the provider and ask about documentation requirements
Step 3: Gather all the required documents
Step 4: Duly complete the claim form along with all the needed documents
Step 5: Co-operate with the adjuster, provide all the required details and make sure to be truthful
Step 6: Wait for evaluation and approval
Also Read: 10 Powerful tips for faster motorcycle insurance claim approval in the Philippines
Documents required for the claim process -
Usually, a provider requires the rider to submit the following documents: a valid ID, a vehicle OR/CR, a police report, medical records, and policy documents.
Also Read: 6 Essential documents you need when filing a motorcycle insurance claim in the Philippines
Common misconception about Personal Accident coverage
Misconception 1: PA coverage is part of CTPL insurance
Reality: CTPL insurance only covers third-party liability. It does not cover you or your motorcycle. If you require PA, ask the provider to add it to your policy against an extra premium.
Misconception 2: PA coverage is for frequent riders
Reality: All riders, whether frequent or occasional riders, require protection. An accident can happen to anyone, anytime.
Cost of Personal Accident coverage
The cost of PA coverage varies significantly based on the plan’s benefits - it could range from a basic package to comprehensive coverage with high protection for accidental death, medical expenses, and disability. Overall, the PA coverage cost could range from PHP 250 to PHP 1000.
Factors affecting PA coverage cost -
- Coverage limit
- Riding habits
- Type of motorcycle
- Age of the bike and rider
Tips to stay protected on the road
Photo from istock- Choose the right insurance provider with a fast claim process, customer service, and good reviews.
- Enhance your insurance plan with add-ons such as roadside assistance and Acts of God coverage.
- Review your policy annually and update coverage as needed.
Also Read: How wearing proper motorcycle gear helps with insurance claims
Bottom line
The inclusion of Personal Accident coverage in the insurance plan goes beyond basic safety - but in reality, it protects riders' finances, family, and future. You see, every Filipino rider has diverse peace of mind on the road, and PA coverage does precisely that - it ensures that whenever an unexpected incident happens, you are never alone to face financial burden.
Overall, Personal Accident coverage is accessible, affordable, and a wise decision for a rider who wants to stay safe and protected.
FAQs
Q1. Does CTPL insurance include Personal Accident coverage?
Ans. No, CTPL insurance only offers protection against third-party injuries or death.
Q2. Is Personal Accident coverage required by law?
Ans. No, PA coverage is not mandatory, but it is highly recommended for the protection it offers.
Q3. Can a rider file a Personal Accident coverage claim without a police report?
Ans. It is recommended to notify the local authorities about the incident and get a police report. It helps process the claim faster and validates the fact.
Q4. What injuries are covered under PA coverage?
Ans. PA coverage offers protection against accidental injuries, death, and disability.
Q5. Does PA coverage offer protection to the pillion rider?
Ans. PA coverage applies only to passenger coverage if it is mentioned in the plan.
Q6. Does PA coverage offer protection against motorcycle damage?
Ans. No, PA coverage only protects against injuries.
Q7. Are medical bills fully reimbursed under PA coverage?
Ans. Medical bills are reimbursed up to the policy limit.
Q8. Is PA coverage expensive?
Ans. Not much, PA coverage is affordable.
Q9. What documents are required to file a PA claim?
Ans. Usually, the following documents are required: police report, IDs, vehicle registration, medical records, and a claim form.
Q10. How long is the claim approval process?
Ans. The claim approval process usually takes 5 to 15 days.
Also Read: Smart insurance tips for Filipinos buying used motorcycles
