Total Loss Declaration on Flooded Cars

[roydok]

The 1-year old Hyundai Accent 1.4 A/T of my friend was completely submerged in the recent floods. He wishes that the vehicle be declared as a total loss by his insurance. Can you suggest ways of convincing his insurance company to do just that?

Thanks.

[dfopiso]

^ meron bang AON yung compre insurance nya? kung going to 2nd year na auto, around 90% ng original value na lang insured amount

[Starex_Gold]

The 1-year old Hyundai Accent 1.4 A/T of my friend was completely submerged in the recent floods. He wishes that the vehicle be declared as a total loss by his insurance. Can you suggest ways of convincing his insurance company to do just that?

Thanks.

Did this before dun sa 10 months old FD ko (Ondoy 2009)

The car wasn't fully submerged. Pero dashboard level so ang daming papalitan. I told my service adviser to make an estimate na pwedeng ideclare na ng total loss. The estimate was 700K worth of parts The value of the FD is 805K.

I also justified na yun remaining 26 months ng warranty ay void na dahil sa flood. So ayun na-grant ng insurance.

BTW, dapat meron AOG / AON.

Ano insurance company niya?

[jut703]

Ang alam ko basta 80% of cost yung damage, pwede na ideclare as loss. Di ko lang maalala kung market value or purchase cost.

[Retz]

nakalagay naman sa AOG ang equivalent ng insured amount.

[dfopiso]

magiging madalas na yata ang mataas na baha ... baka magtaasan na insurance premium nyan

[Retz]

hindi ba malugi ang car insurance company sa dami ng nag cl-claim sa AOG?

[dfopiso]

^ yan ata ang delikado, baka mag-declare ng bankruptcy. For me, I opted sa free insurance ni BPI

[_Qwerty_]

read your policies.. nakalagay don kung ilang percent nang damage para ma declared as total loss.. some are 70%.. some 80%..

medyo habaan ang pasensya.. at matagal ang processing nito..

[dfopiso]

thanks Qwerty sa advice