Repair or Total Loss

[SidCoronel]

Hingi lang po sana ako ng advise. yung 2023 suzuki ertiga gls namen binaha kasi. declared siya ni insurance na total loss.. 2yrs na siya this oct. sa mga ganitong scenario po ba makaka expect kami ng money in return? may remaining balance pa po siya sa bank kasi naka financing siya.

Short answer... Don't expect na ma return money mo 100%. Best news is your loan will be terminated.

[dr. d]

bottom line,
the insurance provider gets paid first.
whatever remains, filters down to you.

i agree. tawaran nyo pa. insurance payments are not etched in stone, and are subject to haggling if one knows how.

[anthon05]

Hingi lang po sana ako ng advise. yung 2023 suzuki ertiga gls namen binaha kasi. declared siya ni insurance na total loss.. 2yrs na siya this oct. sa mga ganitong scenario po ba makaka expect kami ng money in return? may remaining balance pa po siya sa bank kasi naka financing siya.

Two options to replace your car or cash. If you want insurance company will replace your Ertiga , They can
find a 2023 model bale 2nd hand as replacement or a new one and you will pay depreciation. meaning value ng 2023 against new model. you can negotiate pero kung you ask for Cash , you are lucky if you get half the price of the unit when you bought it. In this case might be just half of what you already paid. ang obligation ng bank is to
settle also yung loan sa bank and what you already paid. Better you talk to your insurance rep thank you