total loss or possible repair?

**CVT** · May 11th, 2015 09:10 AM

Originally Posted by zirkel

pag declared syang total wreck, i get to keep the car. tapos ang makukuha ko is sum insured (420,000 pesos) minus salvage value.

If it's insured for P420K,- and the insurance agree that it's a total wreck,- just get the money and buy another vehicle.... IMO.

"The measure of a man is what he does with power" LJIOHF!

26.3K _/_/_/_/_/:piano:_/_/_/_/_/

**Juan Martinez** · May 11th, 2015 09:48 AM

Originally Posted by jenny01_mars13

Re: Car Insurance
Ako po ay may comprehensive insurance policy sa MAA , ang akin pong kotse na mitsubishi lancer 2012 ay na aksidente nuong march 11,2015 sa kennon baguio city at ito po ay declared nilang total loss from the beginning dahil na din po sa laki ng damage at cost of estimate, kung kaya nung ito ay mga 1 month pa lng ay tinawagan nila ako at sabi ay i total loss nila sa halagang 400k. Ang sabi ko po ay bakit po ganon ito po ay nka covered ng 500k nung ni renew ko sa knila ng february at nung march ay na aksidente nga po bkit ho kako ganon sabi po ay ksi 20% depreciation daw ho, eh sbi ko po binasa ko ang policy kpag total loss ay hindi mag aapply ang depreciation dhil ito ay sa parts lng o repair at not pag total loss. Sabi po ay hanggang 450k sabi ko po ay dagdagan nila kasi feb lng nila ni renew insurance at march pa lng nagka aksidente nga. So sabi po ay sasabihin sa commitee. Ngayon po ay antay ako ng antay at mag 2 buwan na po hindi nila ako ina update kung ano na po nangyari, ang text at tawag po ay hindi nila sinasagot, pero knina po ay nag follow up ako at sumagot na sabi po for repair ang aking kotse! 2 buwan po ako halos nag antay , sabi nila ay total loss hindi lng po ako pumayag na covered nila ng 500k pero gusto nila ay 400k ang ibigay at ngayon nabigla po ako na repair po at sa kung saan na talyer lng na sabi po ay surplus ang gagamitin pra po abot sa 300k na sagot lng ng MAA. At magbabayad pa po ako ng participation at depreciation. Total loss po nauwi sa repair at wala po akong pagpayag dun. paano po ba ang aking karapatan? Malinaw po na ako ay pinapaikot ng MAA, ako po ay hindi
Sang ayon sa repair at dahil halos ikamatay po ito ng aking asawa at kami po ay umasa sa sinabi nilang total loss ito inabot na ng ganito katagal. Kinausap ko po sila pero wla po silang masabi kundi ito daw po ay may LOA na, pwede po ba yun khit ako ay hindi pa nag a agree.

Ma'am/Sir, i- appeal mo sa Insurance Commissioner (IC). Ito yung address ng IC:

Atty. Emmanuel F. Dooc
Insurance Commissioner,
1071 United Nations Avenue, Ermita, Manila,

Attention:

ATTY. JOSEPH P. OSIAS
Head of Division
Public Assistance and Information Division

ito din yung phone numbers nila:

Tel. # 523-84-61 up to 70 (Trunk Line), 525-20-15 (Office of the Insurance Commissioner), 524-47-84 (Office of the Deputy Commissioner).

- yung motor vehicle policy po natin ay Open Policy. Meaning, in the event of a total loss, yung insurance company ay mag bayad ng ACTUAL FAIR MARKET VALUE ng inyong sasakyan. Ang basehan po ng actual fair market value ay kung ano yung value ng sasakyan mo immediately prior to the loss, atsaka yung actual fair market value is subject to the sum insured which is the maximum limit for which the insurance company is liable.
kung total loss naman, yung depreciation clause di na mag apply.

Ang sa inyo po, na-renew nyo yung insurance mo sa February 2015 for 500k as the insured amount of your car then a month later nangyari yung total loss at babayaran kayo ng 400k kasi sabi sayo may depreciation. sa tingin ko po unfair yan. no.1, wasto po kayo na di naman mag apply yung depreciation clause. no. 2 , yung actual fair market value from the term itself must be FAIR. one month lang nakalipas 100k na yata na- deducted sa value ng sasakyan mo. generally, 10 per cent lang yung annual depreciation sasakyan natin.

ideally, within 30 from the time you have communicated your loss, magbayad na yung insurance company. after that, they are liable for interest.

I hope this helps.

**SkyFlakes88** · May 11th, 2015 03:14 PM

Basta po yun insurance nyo ay tama sa fair market value nun time na ininsure nyo bale fully insured po kayo. Meaning at the time na ininsure nyo e 500k ang fair market value. Yun insurance po nag declare na total loss bale you should get around 490+k kasi po may kaunting less sa participation etc.

The insurer will try to offer you syempre the cheapest they think you will accept. If you deny it they up their offer until finally they get you to agree.

In this case d po tama na i withdraw nila yun declaration nila na total loss since siguro po 40% ang damage nang kotse nyo. Kaya you can reject again their offer and seek the help of the insurance commission to get a ruling in your favor as you feel that you are being short changed here sir.

**bmontellano** · October 29th, 2015 05:40 AM

[QUOTE=SkyFlakes88;2539040] Hingi po aq advise. Mejo parehas po kami ng situation. Ang u it q po ay kia picanto AT 2015. Market value po ng unit.ay 650. Standard Insurance po sa Alabang. Nabili po unit ng Feb. 2015 accidentally nabangga po nu g Sept. 2015. Wala pa po 1 year. Ngayon po mag 2 months nko nag ffollow up. Sabi saken ipasa ko daw mga orig docs sa main office nila. Including the statement of car loan fron the bank. Tama po ba un na ibbgay q sa kanila ung statement from bank? Magkano po dapat ang ibabayad ng insurance sa akin? TIA

**ninjababez** · October 29th, 2015 06:32 AM

double cheese burger

**ninjababez** · October 29th, 2015 06:32 AM

[quote=bmontellano;2633754]

Originally Posted by SkyFlakes88

Hingi po aq advise. Mejo parehas po kami ng situation. Ang u it q po ay kia picanto AT 2015. Market value po ng unit.ay 650. Standard Insurance po sa Alabang. Nabili po unit ng Feb. 2015 accidentally nabangga po nu g Sept. 2015. Wala pa po 1 year. Ngayon po mag 2 months nko nag ffollow up. Sabi saken ipasa ko daw mga orig docs sa main office nila. Including the statement of car loan fron the bank. Tama po ba un na ibbgay q sa kanila ung statement from bank? Magkano po dapat ang ibabayad ng insurance sa akin? TIA

since bank owned pa yung car (acquired via loan), bank ang babayaran ng insurance mo bro.
kung kunyari 650k ang insured value ng car mo tapos, 750k pa ang remaining balance mo, magbabayad ka pa ng 100k sa bank (remaining balance ng loan, could be lower kasi di naman full ang term), parang ganun pagkakaintindi ko.

**balas12c** · November 30th, 2015 04:10 PM

total loss I guess

**kamotekid1968** · December 31st, 2016 11:20 AM

Hello All,

Good Day! Hope all is well!

Inquire ko lang po if incase for repair ang original na quote ng casa the insurance declared it as total loss and di kami nag-agree dun sa offer, pwede po ba namin i-insist na irepair na lang? salamat po!

**confused shoes** · December 31st, 2016 12:51 PM

Originally Posted by kamotekid1968

Hello All,

Good Day! Hope all is well!

Inquire ko lang po if incase for repair ang original na quote ng casa the insurance declared it as total loss and di kami nag-agree dun sa offer, pwede po ba namin i-insist na irepair na lang? salamat po!

Palagay ko lang, matutuwa pa ang insurance company kasi mas mababa ang babayaran nila.
Pero kung ako sa yo at pumayag ang insurance sa total loss, doon ako sa total loss for safety reasons. Hindi naman siguro napakababa ang insured value ng oto.

**kimbon** · December 31st, 2016 01:24 PM

Originally Posted by kamotekid1968

Hello All,

Good Day! Hope all is well!

Inquire ko lang po if incase for repair ang original na quote ng casa the insurance declared it as total loss and di kami nag-agree dun sa offer, pwede po ba namin i-insist na irepair na lang? salamat po!

it depends on the insurance company. few of them are pain in the a** kapag claims na but some are considerate. May I suggest you write a formal letter , mention your reason/s (with konting drama). i agree with confused shoes but at the end of the day its your call. Why do you want for repair instead BTW