Help: estimate for the deductible...

**grace_glide** · November 8th, 2011 06:22 PM

Hey guys!

My 2-month old car got hit. Dent (big) and scratches (bigger) on and around the rear door. I already brought the car in the service center for the fix. I am not really sure of the exact digits, but it's a 5-figure bill of estimates for the repair of the damages. The insurance has approved it and I'm wondering how much should I prepare in my pocket when I got to get my car. How much do you think is my participation fee? By the way, the estimate is around 34K. (biggest damage)!

Thanks for your thoughts in advance...

**jhnkvn** · November 8th, 2011 07:19 PM

Most participation fees are flat or fixed. I would first ask your insurance company first before asking the Tsikoteers here. Participation fees vary on your agreement with your insurance company. For example, if I get hit my participation fee is at a fixed 2,000php but I pay a higher insurance premium annually than most. On the otherhand, I believe fellow Hyundai owner Starex_Gold has a low insurance premium annually but pays somewhere around 8,000+php as his participation.

34k isn't bad at all. Largest I had was 60k upwards for a new door

**renzo_d10** · November 8th, 2011 07:29 PM

More often than not 3,500php ang participation fee. Fixed.

**grace_glide** · November 8th, 2011 07:45 PM

wow thanks!

BPI/IM is my insurer. In my case with that figure, the door is going to be replaced too. HEHE.. It was a nasty hit.

I'm glad if they nailed it around Php 3000! Thanks! I don't exactly know how they arrive at that cost but, I don't mind a detailed computation either, but I just need estimates, I might not bring enough money and will walk home unclaimed my car.

very helpful!

**jhnkvn** · November 8th, 2011 07:50 PM

Depends on the car din Renz

then again, hopefully this is not one of those once-in-a-blue-moon Porsche or Ferrari that got into an accident right? haha..

**grace_glide** · November 8th, 2011 08:02 PM

It's only a civic (1.8 2011) sir, not those P or F. hehe.. I'm quite anxious now, having to wait for the days until they have it all fixed and advice me it's pick-up time! How long was your car in the repairs for that new door? (parts have arrived, a relief!)

**jhnkvn** · November 8th, 2011 08:31 PM

Can't quite remember. Less than a week if memory serves right. Yun matagal was the new door since I had to import one all the way from Korea.

As for a rough estimate on your insurance premium, I think this would be helpful:

H. BPI-MS:
Coverage:
Own Damage/Theft: P880,000.00
Bodily Injury: P300,000.00
Property Damage: P300,000.00
Passenger Personal Liability: P250,000.00 (5 passengers incl driver *50K each)
Convulsion of Nature: P880,000.00

Premium: P25,788.46 (with aog)
Deductible/participation fee: P4,400.00

Read more: http://tsikot.com/forums/car-insuran...#ixzz1d732m6kr

**grace_glide** · November 8th, 2011 08:57 PM

Heaps of help indeed. Thanks sir!

I will drive soon. The greatest loss that i lose is my confidence - to be behind the wheel again.

thank you thank you!