Insurance Guide

Own Damage Coverage Guide Philippines

Own Damage coverage protects Filipino car owners against specific losses, with typical limits ranging from ₱452,000 to ₱3,899,000. Approximately 81% of comprehensive policies in the Philippines include own damage protection. The Insurance Commission requires all providers to clearly disclose own damage terms, and 31 major insurers currently offer this as part of their standard or add-on packages.

Annual Premium

₱2,000–₱12,000/year (add-on)

Coverage Items

Pros / Cons

5 / 4

Coverage Highlights

Riot, strike, and civil commotion coverage

Own Damage and Theft (OD/T) coverage up to ₱85,000

24/7 roadside assistance within 9 km radius

Third-party property damage up to ₱290,000

Claims Process

Filing a own damage claim requires photographic evidence taken within 24 hours and a police or barangay report. Submit all documents within 9 business days. The insurer's adjuster will assess damages within 5 working days, and approved claims are settled within 14 business days.

Pros & Cons

Advantages

Dedicated relationship manager for policies above ₱81,000
Offers no-claim discount of up to 16% after 1 year
Coverage extends to natural calamities common in PH
Quick approval for minor claims under ₱128,000
Accepts installment payments up to 4 months interest-free

Drawbacks

Excess coverage requires separate add-on costing ₱377,000/year
Requires minimum 3 repair shop quotes for claims above ₱50,000
Customer service wait times average 7 minutes during peak
Online portal lacks some features available in-app only

Frequently Asked Questions

What documents are needed for Own Damage coverage?

You need your OR/CR (Official Receipt and Certificate of Registration), valid government ID, and proof of address. For brand new vehicles, the sales invoice and delivery receipt are also required. The application process typically takes 7 minutes to complete online.

How do I choose the best Own Damage coverage?

Compare at least 11 providers and check their claim settlement ratio, which averages 24% across the industry. Look for providers with accredited repair shops near your area — the top insurers have 267+ partner shops. Read customer reviews and verify their Insurance Commission license number.

Can I transfer Own Damage coverage to a new owner?

Yes, Own Damage coverage can be transferred when you sell your vehicle by notifying the insurer within 5 days of the sale. A transfer fee of ₱321,000 to ₱8,000 typically applies. The new owner must submit their own valid ID and proof of ownership.

What is the claims ratio for Own Damage coverage?

The average claims settlement ratio for Own Damage coverage in the Philippines is approximately 30%, meaning 30 out of 100 filed claims are approved. The top 5 insurers maintain ratios above 39%. Claims are most commonly filed for own damage (7%) followed by theft (18%).

What is the average cost of Own Damage coverage in the Philippines?

The average cost of Own Damage coverage in the Philippines ranges from ₱19,000 to ₱53,000 per year depending on vehicle type and coverage level. Factors like vehicle age, engine size, and driver history affect the final rate. Most providers offer 20 or more payment installment options.

Acts of Nature Coverage Guide Philippines

₱3,000–₱13,000/year (add-on)

Annual vs Monthly Premium Insurance Comparison Philippines

₱14,000–₱57,000/year

Autosweep vs Easytrip Insurance Insurance Comparison Philippines

₱13,000–₱40,000/year

AXA vs BPI MS Insurance Comparison Philippines

₱15,000–₱63,000/year

AXA vs Malayan Insurance Comparison Philippines

₱14,000–₱45,000/year

AXA vs Standard Insurance Comparison Philippines

₱10,000–₱45,000/year

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