Brand New Approved Car Loan - Insurance Policy nabibigay ba agad kasabay ng sasakyan?

[john09]

Hi mga sir, ask ko lang kasi naapprove yung loan ko at ready na for release... pero tinatanong ko yung insurance policy pero sabi after one week pa daw maibibigay..

Standard ba yun? alam ko kasi di ba sa ibang insurance dapat ready na agad yung policy?

[macstar1]

Hi mga sir, ask ko lang kasi naapprove yung loan ko at ready na for release... pero tinatanong ko yung insurance policy pero sabi after one week pa daw maibibigay..

Standard ba yun? alam ko kasi di ba sa ibang insurance dapat ready na agad yung policy?

In my case, insured by BPI MS from day 1 (daw), since sa BPI ako nag car loan.
Pero almost a month bago na receive ang policy by snail mail

[john09]

In my case, insured by BPI MS from day 1 (daw), since sa BPI ako nag car loan.
Pero almost a month bago na receive ang policy by snail mail

awtz.. thanks.. pero sa akin sabi ng agent after a week pa daw.. ano kaya ang magiging katibayan ko na insured na nga yung unit na ilalabas ko..

sa case mo sir, ano ang hawak mo na papers na insured na nga from Day 1?

Thanks.

[lukscudkil]

if you got your insurance from your dealer or from the financing bank usually 1 to 4 weeks but if issued by your preferred agent the bank needs a copy of your policy prior sa release meaning you can have your copy also.

[john09]

if you got your insurance from your dealer or from the financing bank usually 1 to 4 weeks but if issued by your preferred agent the bank needs a copy of your policy prior sa release meaning you can have your copy also.

Thanks. so yung receipt ko from casa (with breakdown na insurance) eh pwede ko magamit as reference na talagang naka insured na yung unit kahit na after 1 week pa ung policy?

[_Qwerty_]

dont worry, hindi papayag ang banko na ilabas mo yan nang walang insurance..

[lukscudkil]

keep your receipt or might as well issue a check payable to the insurance company(proof of payment)

[mark_t]

Ganito po ang nangyayari.

Once you or dealer gives notice to your insurance agent, in a form of PRO FORMA INVOICE. (ito po yon
birth certificate ng sasakyan niyo)

The underwriter issues a Certificate of Cover to the Bank. 1 page na papel po ito containing details
of your PRO FORMA INVOICE.

Now this Certificate of Cover is individually signed by a underwriter. Once it is signed, insured na kayo.
This will be scanned and sent to the bank.

Now your Account Officer in the bank when he or she receives this file and sees it on his laptop or desk top.
Will print it, initial it, and call your dealer to release your car.

Now the whole process takes around 1-2 hours. Pag may problem sa internet connection etc, it will take a day.

The PRINTED Insurance Policy follows, first in first out. Normally tuloy tuloy lang printing ng printing machine.

Once it runs out of paper, then they sort. 3 days to 30 days nasa iyo na copy nyo.

So kung umuulan o may bagyo medyo matagal dahil papel ito. minimum 3 days kahit naka plastic pa.

Ngayon kung sinasabi ng car salesman nyo na hindi pa insured sasakyan nyo. Nagsisinugaling sya.
Madalas ito mangyari na i insist nila na hindi kayo insured at kailangan nyo kumuha sa kanila.
Dito ka na tatamaan ng mga participation na minimum 10,000.
Pag hindi mo na pansin.

[mark_t]

Hi mga sir, ask ko lang kasi naapprove yung loan ko at ready na for release... pero tinatanong ko yung insurance policy pero sabi after one week pa daw maibibigay..

Standard ba yun? alam ko kasi di ba sa ibang insurance dapat ready na agad yung policy?

.......

Kung maaga ninyo na i submit ang pro forma invoice, like 3days ahead
then ma ready na agad ang policy.

[mark_t]

By tradition pag sabi ng Agent ninyo na insured na kayo then insured na kayo by 12:00noon of the day.
So kung umaga sinabi sa iyo, tanghali ng araw na iyon ang effectivity.
Kung hapon naman nya tinanggap, then kanina pang tanghali sya nag umpisa insured.

[Roden Villegas]

Kami nga 1 month and 2 weeks na samin yung sasakyan wala pa kami copy nung insurance at wala pa rin plaka!!!!

[stickers]

Kami nga 1 month and 2 weeks na samin yung sasakyan wala pa kami copy nung insurance at wala pa rin plaka!!!!

Nakuha mo na insurance policy mo paps?

[Roden Villegas]

Nakuha mo na insurance policy mo paps?

Uu papa, buti bago magkabangas eh nabigay na yung insurance papers. Insured na pala sya the day na dinala samin yung sasakyan, late lang nabigay yung papers

[Retz]

mabilis lang kahit less than a week.

[spiff41398]

Got our insurance policy 3 days after I got the car. Cash purchase though.

[Champ637]

Guys, anong risks if di pa agad nakuha ang insurance policy tapos na-aksidente ang sasakyan? Ganito kasi case ko eh... Newbie ako sa process ng pagclaim ng insurance. Thanks sa mga sasagot.

- - - Updated - - -

Guys, anong risks if di pa agad nakuha ang insurance policy tapos na-aksidente ang sasakyan? Ganito kasi case ko eh... Newbie ako sa process ng pagclaim ng insurance. Thanks sa mga sasagot.

[_Qwerty_]

walang kaso yun kung may insurance naman at hindi mo pa lang nakukuha yung policy.. basta sigurado lang na in effect yung insurance..

[kapitan88]

ciiw, insurance is a pre-requisite ng bank. protection din nila yan, hindi marerelease ang unit mo, w/o insurance.

[Champ637]

^ & ^^ salamat po.