Insurance for old cars?

[dr. d]

Per my experience lang ito so it can just be anecdotal or dahil di ko lang naencounter alternatives but here goes.

1) If may "break" yung bayad ng insurance mo (i.e first 5 years insured, 6th year di mo pinainsure then gusto mo 7th year maginsurance ulit as an example) mahirap or hindi ka makakakuha basta basta kasi walang guarantee yung insurance company about the vehicle na since may period ka na hindi insured. Di nila alam if may nangyari in that period while it wasn't insured and ngayon gusto mo pakargo sa kanila via whatever. I don't think willing sila inspect yun given the depreciated value of the car, unless we are talking about highly valued cars like supercars, sports cars (iba usapan dun since they can hold value unlike regular vehicles).

2) Assuming meron nga kumagat for said vehicle, what's the insured value? less than 200k na right? Baka less than 100k na nila declare yan since it is a 23 year old vehicle... What are you expecting to pay in insurance premiums then? And given na less than 100k ang insured value, any damage or coverage you want to claim that is even slightly significant, pwede na declare as total loss yung vehicle dahil nga sa % of the insured value the company covers.

So, I am not sure what the purpose then of the compre insurance for a 23 year old vehicle is, unless it is a "classic car", sports car or a vehicle that has retained or can increase in market value over time. TPL lang kunin mo diyan kasi that's what you can get that is practical and required legally to register. other than that, there is no point to get compre for such an old vehicle dahil wala din naman towing assistance or anything that I can see that would be of any equitable value for what could be a high premium relative to the value of the vehicle.

actually,
my concern is not so much for my 2003 corolla.
my major concern is for the other party. his car and/or his health.
... papano ba ito?

[travajante]

actually,
my concern is not so much for my 2003 corolla.
my major concern is for the other party. his car and/or his health.
... papano ba ito?

This was what I pointed, doc. Increase coverage for the other party...[emoji116]

For a pre-classic old car, I'd be more concerned of 3rd party liability & would add coverage on top of the 100k CTPL. Excess Bodily Injury & 3rd party property damage of at least P300k each won't be much premium-wise. The road rootcrop population is on an unstoppable uptrend. Protect yourself from them...Mind peace.

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[Wh1stl3r]

actually,
my concern is not so much for my 2003 corolla.
my major concern is for the other party. his car and/or his health.
... papano ba ito?

That's what travs addressed in his post doc. Additional TPL insurance.

[KatsuraKotaro]

help a noob please. anybody tried online CTPL offered by Mapfre? para makabawas sana ng time on renewing my registration.

thanks in advance masters!

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[WallyWest]

Na-iinsure ba ang OTJ?

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[xwangbu]

AAP will insure an older car if papasa sa visual inspection - kahit via video or pics lang.

[Deestone]

I ask Nica of Phil British and yes they can insure old cars.

[_Cathy_]

Thanks my agent discounted it so I'll get with AOG 😊

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[papi smith]

Thanks my agent discounted it so I'll get with AOG [emoji4]

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How much was it finally? And the value assigned to the car?

[_Cathy_]

How much was it finally? And the value assigned to the car?

P6K. 200k na lang, 2010 Altis 1.6 G M/T. Sa casa yan kaya gusto ko



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