Results 121 to 130 of 141
-
Verified Tsikot Member
- Join Date
- May 2014
- Posts
- 1,318
September 30th, 2022 04:14 PM #121Won't declaring the car's worth higher than SRP for a brand new one only apply to the insurance policy if, for the declaration of the insurance policy coverage, you tell them to include items over and above items other than the original spec of the vehicle because you added aftermarket/accessories on top of the car's value? Such as, but not limited to, new RIMS, after market tires, headunit/infotainment, additional safety addons such as backup sensor/camera etc?
If the above is true, then it makes sense if it is being allowed be added to the car's value in the policy on top of the SRP of the vehicle you are buying brand new.
My two cents.
But in no instance have I had the chance where the value of the car of the policy is above the SRP or even higher than standard depreciation computation of costs of the vehicle. I don't put after market parts so it has never been a thing I had to consider though.
-
Verified Tsikot Member
- Join Date
- Nov 2019
- Posts
- 972
September 30th, 2022 08:11 PM #122Actually, the original SRP is higher so this insurer is only basing the original SRP for the value of the car's policy.
Purchase price of the car when it was new was not revealed to agent.
Car has no aftermarket parts, all are stock.
Agent immediately sent a quote based on the original SRP minus the depreciation (let's say 2 yrs depreciated value).
Maybe the insurance policy value will help value the car higher when the time comes na ibenta na.
Need to weigh both if sulit ba talaga to pay premium for this policy (based on SRP value) or reveal to the agent the actual purchase price of the car.
-
September 30th, 2022 10:41 PM #123
When I bought my new car last 2020, ung discounted price ginamit ko, not only because sayang din ung few kesos sa premium but also because I think na para masulit mo ung additional premium kelangan ma total mo ung car mo in 3 days. Sa totoo lang, mailalabas mo lang to the point of being able to total it is after 2 weeks, super swerte mo pa kasi 2 months on the average lumabas ang ,OR/CR. Enough na ung ung may cover ka na pag labas mo ng casa accidentally nabangga ka and the cost is 200k, swak na swak na ang premium mo.
-
Tsikoteer
- Join Date
- Oct 2013
- Posts
- 2,537
October 4th, 2022 10:00 AM #124so pumunta ako sa mafre branch office at nag pa quote ng comprehensive insurance, bale sa mafre office ay 350k ang insured amount pero sa online via broker (icomparemo/moneymax, etc) ay 377k ang insured amount na pareho mafre din
parang amusement park pala ito insurance, mas okay dumaan sa broker (klook) kaysa dumeretso sa head office
-
Tsikoteer
- Join Date
- Mar 2008
- Posts
- 52,731
October 4th, 2022 10:04 AM #125
-
October 4th, 2022 10:28 AM #126
yes.. mas ok may broker.. i get mine sa Marsh Philippines.. pag may claim.. sila na nag aasikaso..
-
Verified Tsikot Member
- Join Date
- Nov 2019
- Posts
- 972
October 4th, 2022 06:18 PM #127Need to renew again my insurance.
I brought this up to agent and they insist per panel daw talaga participation fee lahat ng car insurance.
Case to case basis lang daw tong na experience nyo but they won't promise na this is 1 time participation only if multiple panels ang involve.
Parang ayaw ko na tuloy mag renew sa kanila since if mag claim ako through them, mangyari is per panel talaga hingin nila na participation fee. Especially that most of experiences sa mga claims dito is 1 time participation fee lang nabayaran.
-
Verified Tsikot Member
- Join Date
- May 2014
- Posts
- 1,318
October 4th, 2022 06:30 PM #128Yeah. that seems like a bad deal. Even on an own damage report I did once, 1 incident had side panel, wheel arc and bumper, and 1 other incident was on the opposite side door panel. Both "incident" were repaired together and I only paid 2 participation for the repair if memory serves me right. Coz it has always been per incident.
If they go with per panel, that would be odd because what if it was a more "major" collision that isn't a total wreck. Are they going to charge you per part that needs replacement then? seems odd.
To note, we have Standard Insurance and/or Prudential with our family's vehicles. The inhouse casa/bank insurance is usually what we use for the first year of the car (or duration of loan) if and when we purchase
-
Tsikoteer
- Join Date
- Mar 2008
- Posts
- 52,731
October 4th, 2022 06:37 PM #129
-
October 4th, 2022 09:23 PM #130
Choice I would have made as well.:nod:
2024 Innova Zenix 2.0 V CVT (non-HEV) vs Innova...