Car transferred to new owner, should I get a new TPL?

[lemonicedtea]

Mga bro, newbie question lang po. I got a 2nd hand car registerred last May (ending plate 5) sa previous owner. I got it transferred under my name this month of September. Im planning to get a comprehensive insurance. Since the car has TPL registered to previous owner, is it still in effect until May 2011? or do I have to get a new TPL in addition to my comprehensive?

[lemonicedtea]

Wala po akong endorsement ng insurance to new owner, my question is ok lang ba kuha na lang ako ng TPL ulit? Will this cause a conflict sa LTO if may unexpired TPL pa ang nabili kong car?

[mark_t]

Wala po akong endorsement ng insurance to new owner, my question is ok lang ba kuha na lang ako ng TPL ulit? Will this cause a conflict sa LTO if may unexpired TPL pa ang nabili kong car?

Pa endorse nyo na lang po para di na kayo gagastos.
Call your servicing agent.

[atlantico]

Mga bro, newbie question lang po. I got a 2nd hand car registerred last May (ending plate 5) sa previous owner. I got it transferred under my name this month of September. Im planning to get a comprehensive insurance. Since the car has TPL registered to previous owner, is it still in effect until May 2011? or do I have to get a new TPL in addition to my comprehensive?

sir,dapat nung binili nyo ang car na yan may comprehensive insurance na para at least may peace of mind kayo or pinaka-warranty nyo na since its a 2nd hand car;existing pa po ang TPL nyan until next registration,puede kayong kumuha ng comprehensive pero next registration po ng car nyo sa may 2011,obligado po kayong kukuha ng bagong TPL,ganyan po kasi ang na-experience ko noon sa 2nd hand car na binili ko;ang TPL po talagang kailangan yan sa LTO pag pinarehistro mo na ulit ang sasakyan mo;

[lemonicedtea]

Thanks sa mga info mga bro.

Naikuha ko na sya ng comprehensive w/o TPL. Kaso i dont know san insurance company nai TPL nung previous owner nung niregister nya bago ko nabili. Since di ako makakuha ng endorsement, balak ko kumuha na lang ng TPL na bago para may peace of mind na ako. Nakarecord kaya sa LTO sang insurance company naka TPL ang mga registered car?

[derf8666]

If thats the case, ya you can get another TPL for your peace of mind, especially since there was a change of ownership. And since you dont know where your previous CTPL is and you wont be able to have it endorsed, just get a new one together with your comprehensive. Anyway its just a few hundred pesos. LTO doesnt have anything to do with it anymore. Importante ay makapagclaim ka pag may nabundol kang tao. Mahirap na rin.

[dr. d]

go to the tpl office and show them that you bought the car. they will transfer the tpl to your name at cheaper cost than if you were to purchase a new tpl.

[lukscudkil]

sir, if you were able to transfer the registration of your car it means your tpl was endorsed to you already or you got a new tpl. better ask the one who transfer your car reg. on what he did.

[mark_t]

You should always have a servicing agent for your policies.

[airtac]

Sir may tanong ako. May bibilhin akong 2004 honda crv this month. 3 ang end ng plate nya at hinde pa nya narenew. yun compre insurance nya paexpire na rin this month. Bali mapupunta sakin yun car na walang compre insurance at tpl dahil expired na rin yun registration nya. pwede ko ba ikuha muna ng compre insurance yun crv bago ko matransfer at marenew yun car registration? salamat!

[derf8666]

Pwede. but the policy will be named after whoever is in the registration. You can just add "and/or" name of new owner para in case of loss necessitating a cash settlement, you can still deposit the check without having to involve the previous owner..

[dr. d]

Sir may tanong ako. May bibilhin akong 2004 honda crv this month. 3 ang end ng plate nya at hinde pa nya narenew. yun compre insurance nya paexpire na rin this month. Bali mapupunta sakin yun car na walang compre insurance at tpl dahil expired na rin yun registration nya. pwede ko ba ikuha muna ng compre insurance yun crv bago ko matransfer at marenew yun car registration? salamat!

i wouldn't spend a cent on a car that is not yet owned by me. what if...? besides, if the car got in trouble and it is insured even remotely to you and they can't find the previous owner, guess who they'll run after?

[derf8666]

I was assuming that airtac had executed a deed of sale that will reflect transfer of ownership. So technically the car is already his, if that particular deed of sale had been signed by both buyer and seller and duly notarized by a notary public. It is very common for a buyer to wait until its registration date to have it processed at the LTO, para isang lakad na lang daw. Actually ang nakakatakot diyan is not for the buyer, but rather the seller. If the new owner (but not yet reflected in the LTO) met an accident, such as hit and run and there are witnesses who got his plate number, guess what? The authorities will come running after the previous owner, not the new owner..

[dr. d]

my 96 centavos' worth..
it's already march. what's preventing the new owner from transfering ownership and registering the car now? the insurance probably expires march 31. if he registers it april 1 or later, he gets to pay a fine. new owner actually spends more if he doesn't register the car this march.
registration and transfer of ownership cost maybe 15 percent of the comprehensive insurance and tpl. what's the logic in getting compre and failing to register/transfer ownership...
if new owner drives the car with expired registration and gets into an accident, i wonder what the insurance company will say once they find out the car's registration is expired..