POLL: Acts of God insurance coverage, do you have it?

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[SIZE=2]Claimants still need to pay participation fees, Standard Insurance says[/SIZE]

[SIZE=1][SIZE=2]10/21/2009 | 07:03 PM [/SIZE]
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S[SIZE=2]tandard Insurance Co. will still require claimants to pay participation fees once they claim car damages from the company, a senior executive said.

Fees may cover depreciation and deductible costs, Ernesto Echauz, the company’s chairman and chief executive officer, told GMANews.TV.

“At the minimum, it may reach two thousand pesos," Echauz said.

At the same time, the company gave an assurance that it will consider auto insurance claims which did not have ‘acts of God’ (AOG) coverage and process them “with the view of settling them."

However, the company is not liable for these claims since they did not have AOG cover in the first place.

All insured vehicles will be towed to the dealer shops and detailed – a process involving cleaning, soaping, and vacuuming the car’s interior – at no cost to the owners, Echauz said.

Auto insurance premiums that include AOG coverage are higher since this covers damages incurred from typhoons, flooding, earthquakes, and other disasters.

This was also announced in a separate press statement issued by the company on Wednesday.
The AOG coverage was extended to all comprehensive motor car insurance policyholders effective October 15, the company said.

A week after storm ‘Ondoy’ submerged three-fourths of Metro Manila, there were a total of 300 claims which had AOG and an additional of around 50 which did not have AOG, the company said.

The company even rented a “big" warehouse where damaged vehicles can be cleaned and later assessed, in preparation for major repair in their dealerships, Standard Insurance said. - GMANews.TV[/SIZE][/SIZE]
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Free cleaning lang pala at hindi naman cover ang parts replacement if unrepairable? Marketing strategy. Pero bakit 3x na akong nag-online inquire sa kanila since last week pero hanggang ngayon walang reply?

Ok ang quote sa akin ng Malayan, pero malaki ang deductible w/c is 1% of insured amount. Php18K ang total premium. Ok rin ba ang service nila? With AOG po.

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Ibig sabihin ba nitong result ng survey ay most tsikot member "can afford" ng insurance with AOG? Ibig sabihin din ba na karamihan sa mga hindi tsikot member ay "can't afford" ng with AOG? Ibig sabihin din ba na yung mga walang AOG coverage ay di nakakapag internet?

Of all insured motor vehicles in the Philippines, only 25 percent have AOG coverage, according to the 87-member Philippine Insurers and Reinsurers Association (PIRA).
http://www.gmanews.tv/story/175145/s...-cars-for-free

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from gmanews.tv

We'll still see if those with AOG coverage under Standard Insurance will get value from paying this premium. It's 4th week after Typhoon Ondoy and word from Standard Insurance is that they'll detail and clean the cars for now. No word yet if they will replace fully submerged cars. For now, am not seeing any value back yet to customers.

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so far ok naman ang Standard.. they've replaced everything that needs replacement sa car namin.. hopefully i can get the car back by saturday.

We'll still see if those with AOG coverage under Standard Insurance will get value from paying this premium. It's 4th week after Typhoon Ondoy and word from Standard Insurance is that they'll detail and clean the cars for now. No word yet if they will replace fully submerged cars. For now, am not seeing any value back yet to customers.

[kulapo76]

Sir update naman dito, nakuha nyo na po ba. Standard insurance din kasi ako pero parang ang bagal. Hanggang ngayon detailing pa din isang buwan na ang nakakalipas. Puro putik pa din sasakyan.

so far ok naman ang Standard.. they've replaced everything that needs replacement sa car namin.. hopefully i can get the car back by saturday.

[_Qwerty_]

natagalan kasi walang parts sa toyota.. more than 2 weeks naghintay.. hopefully makuha ko na this week.

Sir update naman dito, nakuha nyo na po ba. Standard insurance din kasi ako pero parang ang bagal. Hanggang ngayon detailing pa din isang buwan na ang nakakalipas. Puro putik pa din sasakyan.

[kulapo76]

Sir, nakuha nyo na?

natagalan kasi walang parts sa toyota.. more than 2 weeks naghintay.. hopefully makuha ko na this week.

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yes nakuha ko na nung saturday.. ni road test ko then may mga lumabas na problema.. binalik ko nung Monday.. nakuha ko ulit nung Monday afternoon.. so far ok na naman sya.. parang mas gumanda pa takbo.. problema na lang eh yung isang seatbelt sa 2nd row sira.. eh out of stock.. so ni request pa ulit..

Sir, nakuha nyo na?

[kulapo76]

Salamat sa info sir. Ano sir yung lumabas na problema? Baka sakaling maibilin ko na para madouble check nila bago irelease yung sakin. salamat ulit.

yes nakuha ko na nung saturday.. ni road test ko then may mga lumabas na problema.. binalik ko nung Monday.. nakuha ko ulit nung Monday afternoon.. so far ok na naman sya.. parang mas gumanda pa takbo.. problema na lang eh yung isang seatbelt sa 2nd row sira.. eh out of stock.. so ni request pa ulit..

[_Qwerty_]

1. nag lo loose yung contact nang shift indicator sa dashboard, ok naman ang takbo kahit mawala ilaw pag naka D, kaya lang pag walang ilaw yung P, hindi nag start.

2. tapos hindi sentro manibela.. medyo naka kabig sya sa kaliwa..

3. sira yung isang seatbelt..

Salamat sa info sir. Ano sir yung lumabas na problema? Baka sakaling maibilin ko na para madouble check nila bago irelease yung sakin. salamat ulit.