BPI MS insurance problems.

**reactor** · September 27th, 2012 10:24 AM

based on my experience with my insurance broker, we always settle the insured value ng car sa FMV as per his advise. kasi if you will increase the price of the insured vehicle, tataas ang premium mo BUT once you make such claim (total wreck) sa FMV pa din mag base yung insurance. another tricky part pa ay say jan '12 ka nagpa insure ng car mo at a price of 1M then na wreck ang car mo after 6 months hiondi mo na makukuha yung 1M na insured value kasi depreciated na uli ang car mo in a span of months UNLESS na wreck ang car mo on the same month mga docs fee lang ang ibabawas sa insured value.

**nyagi** · September 27th, 2012 02:57 PM

insured value was set by the insurance when i got the policy. anyway, nakausap ko na sila ulit. i guess the amount given can be stretched by another 5k if willing to wait pa ako. she said it has to undergo the cycle again. di daw nya kaya ipa-approve insured value because:
a. they have to consider depreciation cost (5 months after the policy was paid)
b. adjuster's assessed value of the vehicle is very close to the FMV they got. difference of 500 pesos lang daw.

bottom line, i signed the offer. check will be ready by monday.

TS: hope your claim is moving as well. good luck!

**tribal** · October 2nd, 2012 09:37 PM

normally how many days ang processing kapag nagfile ng claim?almost 2 weeks na di pa din naapprubahan claim ko...e ang liit lang ng damage..till now nasa processing pa daw..

i asked them kung ganun ba talaga katagal and according to them e hindi naman daw, nataon lang na madami nagclaim daw nung habagat.so not sure kung dahilan lang yun or talagang matagal.first time ko kasi magclaim sa insurance e..

**tribal** · October 2nd, 2012 09:38 PM

normally how many days ang processing kapag nagfile ng claim?almost 2 weeks na di pa din naapprubahan claim ko...e ang liit lang ng damage..till now nasa processing pa daw..

i asked them kung ganun ba talaga katagal and according to them e hindi naman daw, nataon lang na madami nagclaim daw nung habagat.so not sure kung dahilan lang yun or talagang matagal.first time ko kasi magclaim sa insurance e..

**Lapella** · March 6th, 2013 12:10 AM

Originally Posted by mark_t

You always have an Agent. There will be a serial number in your policy identifying your Agent.
Broker, Agent, Intermediary, etc there is always a person behind these names.

The insurance industry is a regulated industry, hindi kayo puede gawing ''tanga".

And your agent can not avoid work by avoiding you and hiding by saying you are a "direct."

That is just crap.

Call your insurer and ask your agent to call you.

What if you haven't talked to the agent/serial number in the policy yet, and you already forwarded your claim docs to the bank as the bank will forward it to the insurer. If we try to contact this said agent/serial number, will he/she instruct me to submit again the necessary docs for claims? Or he/she can check with the insurer if I have already submitted my docs and he/she can take over for me from there?

**mark_t** · March 11th, 2013 10:02 AM

Originally Posted by Lapella

What if you haven't talked to the agent/serial number in the policy yet, and you already forwarded your claim docs to the bank as the bank will forward it to the insurer. If we try to contact this said agent/serial number, will he/she instruct me to submit again the necessary docs for claims? Or he/she can check with the insurer if I have already submitted my docs and he/she can take over for me from there?

1. You only submit claims document or files once.
Atleast 2 copies, 1 for your insurer and 1 for your file time stamped RECEIVED.
2. Your servicing agent takes it from there.

**mark_t** · July 9th, 2013 02:04 PM

We finally have a claim with BPI-MS. Participation at Php5392.50
For a broken windshield they are offering us PHP 3,107.05 cash settlement.

On a average claim of around 50kplus for a broken windshield, aba inu ungoy ata ako nito.

So CASA repair na lang parts plus labor pa.

**a9828** · July 9th, 2013 04:28 PM

Originally Posted by mark_t

We finally have a claim with BPI-MS. Participation at Php5392.50
For a broken windshield they are offering us PHP 3,107.05 cash settlement.

On a average claim of around 50kplus for a broken windshield, aba inu ungoy ata ako nito.

So CASA repair na lang parts plus labor pa.

dapat tinakot mo na magsusumbong ka sa insurance commission. kaya nga sila nandiyan di ba para sagutin yung actual costs kapag kailangan na

**mark_t** · July 9th, 2013 07:32 PM

No need, ipasok ko na lang sa Casa, I have just received the repair estimate of 70,114php from the dealer.

Pray it does not break again.

**nhiecah_nice29** · August 15th, 2013 10:10 PM

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