Insurance hack

[Aiai]

I can't believe that someone will ask this question... What's supremely unbelievable is that some people condone this with an answer. Shame!

1. Pwede bang icash out nalang ung naestimate sa damage?
2. Since per accident ang bayad P2,000, pwede bang create your own damage nlng na idadamay mo na yung katabi para mapagawa nadin since may sira din yung katabi?
3. Pag nanakaw na o total loss, bibigyan ka ba ng brand new tapos tuloy yung monthly amort?

Pano po pagka naibigay na po yung LOA sa casa po pwede pa kaya icash out na lang po tapos sa talyer na lang ipapagawa?

[SidCoronel]

Pano po pagka naibigay na po yung LOA sa casa po pwede pa kaya icash out na lang po tapos sa talyer na lang ipapagawa?

Of course not. Before you were issued the LOA you submitted a repair estimate from Casa. Ergo, the LOA was issued to the Casa by the insurance... Letter Of Authorization... to the Casa to repair the damage based on the repair estimate of the Casa that you submitted.

Why would you want to have it encashed and have the repair done by a talyer?

A rhetorical question...

[Yatta]

Pano po pagka naibigay na po yung LOA sa casa po pwede pa kaya icash out na lang po tapos sa talyer na lang ipapagawa?

Nope. The insurance will pay the casa directly. Not a single centavo will drop into your hands.

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[danegoesonline]

Nope. The insurance will pay the casa directly. Not a single centavo will drop into your hands.

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May kilala po ako e cash bnbgy s knia. Gngmtn ng legal actions.

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[Aiai]

May kilala po ako e cash bnbgy s knia. Gngmtn ng legal actions.

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Pasensya na ho di kasi ako maalam sa insurance kaya po ako nagtatanong.

Bale ho yung estimate sa casa umabot po ng 59k. may loa na po tapos yung approved repair cost 22k po yung deductible 7k yung company net liability po eh 14k.

Tanong ko po yung 14k lang po yung shoulder ng insurance? Yung iba po eh sa amin na po?

Kaya po ako nagtanong kung pwede encash tapos sa labas na lang ng casa ipagawa talyer po ba tawag doon.

Salamat ho sa sasagot

[_Qwerty_]

kung 59K ang estimate.. bakit naging 22K lang ang LOA? pano nila magagawa yun kung 22K lang?? deductible lang ang babayaran mo..

[dr. d]

kung 59K ang estimate.. bakit naging 22K lang ang LOA? pano nila magagawa yun kung 22K lang?? deductible lang ang babayaran mo..

what is the vehicle, how old is it, and what is the scope of the fix?

ang hinala ko, ay depreciation cost.
kung pukpok, masilya't pinta lang, ay walang depreciation cost yan.
but kung may papalitang piyesa, ay baka may depreciation cost yan.

[Aiai]

what is the vehicle, how old is it, and what is the scope of the fix?

ang hinala ko, ay depreciation cost.
kung pukpok, masilya't pinta lang, ay walang depreciation cost yan.
but kung may papalitang piyesa, ay baka may depreciation cost yan.

Honda city 2018 mt po. One year pa lang ho nung july 27.

Ang case pong naifile ehh napagtripan ginuhitan po ng mahaba tas star po yung isa po self accodent papalbas po ng gate... Bale gasgas at konting yupi lang po.

Kaya nga po. Kaya nga ipinasok ng insurance tpos ang laki oa ng babayaran.

Nung nagpaestimate ho kami eh sa casa na rin po ginawa yung report.

Depende ba ho talaga sa insurance kung magkano icocover nila?

[dr. d]

ang hirap naman sumagot..
dala-dalawa kasi ang threads na pinuntahan...

[Walter]

You have the option to get cash payment from insurance in lieu of repair ... They will still deduct depreciation and participation fee ...