PREFERRED PLUS MOTOR INSURANCE

Preferred Plus Motor Insurance is a comprehensive motor car insurance exclusive for BPI’s Preferred Banking client segment. This policy is an extensive coverage to protect your vehicle from Accidental Collision and Theft, Third Party Liability-Bodily Injury and Property Damage, and Acts of Nature.

 

PROGRAM MECHANICS:

  1. Open to all Preferred Clientsof BPI and BPI Family Savings bank.
  2. Qualified accounts are the following:
    1. Vehicles without existing coverage from BPI MS.
    2. Newly purchased vehicles under regular mortgage with BPI Family Savings Bank (except those under the Free Insurance program) or any other bank.
    3. Un-renewed BPI MS policies that are more than 30 days
  3. All vehicles must be for private usageonly and below 10 years of age.
  4. Active BPIMS policies are excluded.
  5. The package may be extended to the following:
    1. Entities owned by the Preferred Client (subject to submission of documentation to validate the relationship/ownership)
    2. If married – legal spouse and children
    3. If single - parents
  6. Preferred clients must submit a copy of their existing policy or ORCR to validate the vehicle description and its ownership.