Honda Adv 150 cc 2021 model in the Philippines cash price is around 149,600 Pesos. The comprehensive motorcycle insurance is calculated based on current value of the motorbike. If you have bought a brand new Honda Adv 150cc in the Philippines. The comprehensive insurance for Honda Adv 150cc will cost you 6,561 Pesos. This is one time cost and your motorcycle is covered for 1 year.
The comprehensive motorcycle insurance covers own damage/theft. If you had a road accident and the motorbike got broken, The insurance company will pay you to fix your motorcycle and the cost to replace the parts. Same applies if your motorbike is stolen you will get full compensation to buy a new motorcycle.
Here is the brake down of the coverage:
| Comprehensive Cover with TPL and VTPL BI/PD | |||
| Description | Coverage | Premium | |
| Own Damage/Theft | 149,600.00 | 4,188.80 | |
| Acts of God (AOG) | 149,600.00 | Included | |
| Bodily Injury (BI) | 100,000.00 | 105.00 | |
| Property Damage (PD) | 100,000.00 | 555.00 | |
| Auto PA | 150,000.00 | FREE | |
| Basic Premium | 4,848.80 | ||
| TAXES | |||
| Documentary Stamp | 606.10 | ||
| Value Added Tax | 581.86 | ||
| Local Government Tax | 24.24 | ||
| Other Charges | 0.00 | ||
| Admin Fee | 500.00 | ||
| Total Premium | PHP 6,561.00 | ||
| Total Sum Insured | 499,600.00 |
Free Personal Accident for Driver and Passengers (Auto PA) up to authorized seating capacity with OD/Theft Cover:
Accidental Death and Disablement – P75,000.00 per person
Medical Reimbursement P15,000.00 per person
Burial Expense Benefit P15,000.00 per person
Free Riot, Strike, Civil Commotion and Malicious Damage Cover (RSCCMD) with OD/Theft Cover:
Deductible:
MOTORCYCLE: Fixed deductible of Php500 in respect of OD claims, each and every loss. 5.00% of sum insured in respect of theft claims, each and every loss.
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