Total Loss Process - What to expect?

**19michele** · July 18th, 2018 10:05 PM

Originally Posted by glenn_duke

Salvage Value yun yung kikitain ng insurance kung ibebenta nila "as is where is" yung unit mo, or kung ipapa repair nila outside sa casa and then resell it.
Sa 11 months wala pang depreciation yan, pero may participation kana. Wala namang dahilan para i renew mopa yung insurance mo sa unit na total loss,
you made the claim naman while your insurance is still active.

Look at your policy, the insured amount minus the participation, more on less, yan dapat matanggap mo.

Siguro Naman. Panalo sila kapag ipa total Loss nila. Pero I don't know Kung paano Ang lakaran sa ganito. Eh di participation lang mababawas sa akin Kung sakaling total Loss?

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**glenn_duke** · July 18th, 2018 10:48 PM

Originally Posted by 19michele

Siguro Naman. Panalo sila kapag ipa total Loss nila. Pero I don't know Kung paano Ang lakaran sa ganito. Eh di participation lang mababawas sa akin Kung sakaling total Loss?

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Tingin ko rin either tabla o panalo insurance sa salvage value ng unit mo, intact pa yung engine, at mataas resale value ng latest fortuner.
Nasa policy mo yung schedule ng charges/deductibles, pero in a less than 1 year old unit, dapat participation lang ang deductible.
Just dont expect na mababayaran ka agad, it will take months.

**19michele** · July 18th, 2018 11:35 PM

Originally Posted by glenn_duke

Tingin ko rin either tabla o panalo insurance sa salvage value ng unit mo, intact pa yung engine, at mataas resale value ng latest fortuner.
Nasa policy mo yung schedule ng charges/deductibles, pero in a less than 1 year old unit, dapat participation lang ang deductible.
Just dont expect na mababayaran ka agad, it will take months.

Siguro mas preferred ko na siguro Ang total Loss. Kasi medyo Wala akong tiwala kapag repair na Ang sasakyan eh, though intact pa Ang engine nya.

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**boybi** · July 19th, 2018 11:37 AM

It still boils down to your relationship with your insurer. If first time mo palang sa kanila, expect na magtatagal yan. If matagal ka na sa kanila and maayos naman ang mga transactions nyo, pwede nila bilisan ang pag release ng claim mo. Mas tututukan kasi nila.

Kaya it's best na kung ok ka naman sa current insurance provider mo, dyan ka na lagi magpa insure kahit mas mahal ng konti ang premium. Kasi alam nilang loyal ka, mas aalagaan ka nila.

**19michele** · July 19th, 2018 12:13 PM

Originally Posted by boybi

It still boils down to your relationship with your insurer. If first time mo palang sa kanila, expect na magtatagal yan. If matagal ka na sa kanila and maayos naman ang mga transactions nyo, pwede nila bilisan ang pag release ng claim mo. Mas tututukan kasi nila.

Kaya it's best na kung ok ka naman sa current insurance provider mo, dyan ka na lagi magpa insure kahit mas mahal ng konti ang premium. Kasi alam nilang loyal ka, mas aalagaan ka nila.

Inaasikao Naman po sir boybi. Nakaka usap ko Naman po Yung manager, maayos Naman paliwanag nya. Sasama daw si manager sa pag occular check sa unit, sasama daw sya sa adjuster, magsasama din daw sya Ng agent from casa. I talk to her na Sana Yung unit I declare nalang na total Loss. Pero nabanggit nya sa akin na 75% daw na repairable para ma declare na total Loss. Pero in her assessment upon seeing sa photos Ng unit, she can tell daw na total Loss. I hope supportahan nya sa adjuster at sa agent Ng casa na gawing total Loss. I hope and pray na maging total Loss nalang para palitan nalang Ng bago.

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**bongbojador** · August 20th, 2018 05:45 PM

Originally Posted by 19michele

Inaasikao Naman po sir boybi. Nakaka usap ko Naman po Yung manager, maayos Naman paliwanag nya. Sasama daw si manager sa pag occular check sa unit, sasama daw sya sa adjuster, magsasama din daw sya Ng agent from casa. I talk to her na Sana Yung unit I declare nalang na total Loss. Pero nabanggit nya sa akin na 75% daw na repairable para ma declare na total Loss. Pero in her assessment upon seeing sa photos Ng unit, she can tell daw na total Loss. I hope supportahan nya sa adjuster at sa agent Ng casa na gawing total Loss. I hope and pray na maging total Loss nalang para palitan nalang Ng bago.

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Total lost na ba unit mo, how much ang naging depreciation?

**19michele** · October 28th, 2018 02:10 AM

Update ko sa Insurance claim ko. Okay na. Na claim ko na checke ko in 3 months process. Salamat sa Diyos. Got our new unit. Salamat din sa mga payo nyo [emoji4]

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**atforever** · November 21st, 2018 09:03 AM

My similar experience din po ako sinasabi agad ng insurance n total lost. Ano po b basis ng total lost?. Natamaan po ako ng Truck sa Pampanga. Pagdating ko sa insurance ko at sa Toyota total Lost din ang sinasabi.

46494593-34871377916-7327277437231296-n-1 — imgbb.com

Naglagay po ako ng picture para makita nyo.

**bugoys** · November 21st, 2018 10:56 AM

Originally Posted by 19michele

Update ko sa Insurance claim ko. Okay na. Na claim ko na checke ko in 3 months process. Salamat sa Diyos. Got our new unit. Salamat din sa mga payo nyo [emoji4]

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How much did your insurance paid you? Was it a initial offer only or you negotiate for a higher offer?

**19michele** · November 21st, 2018 04:36 PM

Originally Posted by bugoys

How much did your insurance paid you? Was it a initial offer only or you negotiate for a higher offer?

Initial offer Lang po. Ayoko na makipag negotiate, para matapos na. It's about 91% of the unit price insured, Ang nakuha ko na settlement. For 3 months.

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