BPI insurance terms..

[jagtemp]

my 2yro mazda was submerged in water,(yeah hanggang the roof). would
they just repair it or replace it with a new one?
coz i dont think it's repairable :/

anyone had any experiences on this?

[olm093]

late reply na siguro 'to, but just in case..

the insurance company does not replace vehicles. kung hanggang roof, most probably, made-declare yan as total loss, in which case babayaran ng insurance kung ano man ang buong fair market value dun sa coverage.

kung mortgaged ito, ciempre, ung banko ang may first grab dun sa proceeds...