<p style="text-align:justify">It is agreed and warranted that in case of sale or transfer of ownership by any instrument of the Insured vehicle described in this policy the Insured Owner/Seller (s) shall:</p>

<ol>
	<li style="text-align: justify;">Ensure that the buyer(s) will transfer/register the vehicle in the name of the buyer with the Land Transportation Office (LTO) by requesting him to do so.</li>
	<li style="text-align: justify;">Must incorporate in the Deed of Sale or on the Instrument transferring ownership a condition that the buyer shall hold harmless the Insured Ownership/Seller from the consequences arising from an accident involving the vehicle and that the buyer shall fully assume responsibility for such consequences.</li>
	<li style="text-align: justify;">The Insured Owner/Seller must file with the LTO office where the vehicle was registered a copy of the Deed of Sale and keep a proof of such filing. Notwithstanding the foregoing, the Insured or buyer(s) warrant to hold harmless the company from any liability whatsoever after the sale or transfer of ownership of insured vehicle.</li>
</ol>
