OBR Insurance Provider

Truck Insurance is a comprehensive protection plan that covers damages sustained by your truck during an accident through the Own Damage benefit, liabilities to third parties for their damaged properties or bodily injury sustained by third parties in an accident.

The Standard Insurance Truck Protect package offers the most comprehensive truck insurance protection in the market today. It ensures your truck is covered by the following protection features:

Compulsory Third Party Liability (CTPL) – This legally required coverage protects the assured against liability arising from death or bodily injury to a third party caused by the insured vehicle. Standard Insurance will settle valid claims subject to the policy limits.

Voluntary Third Party Liability (VTPL) / Excess Bodily Injury (EBI) – This coverage provides indemnities beyond the CTPL limits. It covers liabilities for damages caused by the insured vehicle to third-party property.

Third Party Property Damage (TPPD) – This feature protects the assured against liability for damages caused by the insured vehicle to third-party property. In the event of a collision or accident, the restoration of damage to property or the vehicle is covered under this benefit.

Own Damage (OD) / Theft – This coverage protects against damages to the insured vehicle from accidental collisions, overturning, falling, fire, and malicious acts by third parties. It also includes coverage for the loss of the whole vehicle or parts thereof due to theft or carjacking.

Personal Accident Insurance Rider (Auto-PA Coverage) – This coverage financially protects passengers (including the driver) against injury or death arising from a vehicular accident. It provides the necessary funds to cover hospital and medical bills resulting from the accident.

Acts of Nature Coverage (voluntary) – This coverage protects the insured vehicle against damages caused by natural events such as earthquakes, typhoons, floods, volcanic eruptions, lightning, fire, and other acts of nature. This feature ensures that when your truck is damaged by such events, you have the means to restore it to its original condition.