Repair or Total Loss

[emman13]

Hingi lang po ko ng advise regarding sa 2018 Toyota Fortuner ko po. Nabili ko po sya September 2018 and under pa rin sya ng bank loan. Na aksidente po ko last week. Ask ko lang po kung declare in insurance ko total loss mag depreciate po ba value in insurance cover? Paano po yung downpayment ko at yung nahulog ko po. Thanks po

[ninjababez]

Hingi lang po ko ng advise regarding sa 2018 Toyota Fortuner ko po. Nabili ko po sya September 2018 and under pa rin sya ng bank loan. Na aksidente po ko last week. Ask ko lang po kung declare in insurance ko total loss mag depreciate po ba value in insurance cover? Paano po yung downpayment ko at yung nahulog ko po. Thanks po

total value minus depreciation (if applicable) babayaran ng insurance if declared total loss
eto tricky part, magkano na nahulog mo dun sa TOTAL amount due including interest
since 1 year old palang, either wala ka makuha or magbayad ka pa

[_Qwerty_]

wala na babalik sayo dyan.. yung d/p mo and nahulog mo.. wala na..

[emman13]

total value minus depreciation (if applicable) babayaran ng insurance if declared total loss
eto tricky part, magkano na nahulog mo dun sa TOTAL amount due including interest
since 1 year old palang, either wala ka makuha or magbayad ka pa

Ano po yung depriciation? Ng Fortuner po ba or ng insurance?

[istan]

Ano po yung depriciation? Ng Fortuner po ba or ng insurance?

Ng fortuner. Pag bumili ka ng fortuner ng same year model na iyo sa used market. Magkano? Minus mo yan sa presyo ng fortuner mo nun binili mo sya.
Yan ang depreciation.

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[glenn_duke]

Hingi lang po ko ng advise regarding sa 2018 Toyota Fortuner ko po. Nabili ko po sya September 2018 and under pa rin sya ng bank loan. Na aksidente po ko last week. Ask ko lang po kung declare in insurance ko total loss mag depreciate po ba value in insurance cover? Paano po yung downpayment ko at yung nahulog ko po. Thanks po

Tingnan mo yung current insueance mo kung ano nakalagay na insured value, minus depreciation then subtract mo remaining balance sa bank, yung natira yun ang pinaka malaking makukuha mo.

Normally hindi mona mababawi yung DP at nahulog mona na monthly ammortization.

[glenn_duke]

Hingi lang po ko ng advise regarding sa 2018 Toyota Fortuner ko po. Nabili ko po sya September 2018 and under pa rin sya ng bank loan. Na aksidente po ko last week. Ask ko lang po kung declare in insurance ko total loss mag depreciate po ba value in insurance cover? Paano po yung downpayment ko at yung nahulog ko po. Thanks po

Tingnan mo yung current insurance mo kung ano nakalagay na insured value, minus depreciation then subtract mo remaining balance sa bank, yung natira yun ang pinaka malaking makukuha mo. Ooferan ka ng insurance ng settlement amount na mas maliit sa insured value.

Normally hindi mona mababawi yung DP at nahulog mona na monthly ammortization.

[_Qwerty_]

and medyo matagal processing nyan.. so better talk to your bank na stop na monthly payment..

[Archerfish]

Sorry to hear that...

If it's declared as total loss, can you haggle that instead of declaring it as such, they instead pay for the maximum amount that they can pay, then you have it repair outside of casa?

[SidCoronel]

Sorry to hear that...

If it's declared as total loss, can you haggle that instead of declaring it as such, they instead pay for the maximum amount that they can pay, then you have it repair outside of casa?

You can not have a repair estimate at "A" then take the money and have it repaired at "B", most specifically if you're gonna earn money.

Insurance people are not dumb.

IF it is declared total loss, it will be a loss for YOU and the insurance, even a loss of income for the bank.

I know, I had 2 total losses last year.

The best you can do is to be tough on your stand to have it repaired vs total loss.