Car Insurance

**gerome12** · July 24th, 2016 11:59 PM

Ma'am/Sir,

Good PM,

May tanong lang po sana ako about sa insurance processing sa CASA Mitsubishi po. Nabanga po kasi kotse ko habang nakapark lang, so ang nangyari covered ng insurance nung nakabanga. Ok na po lahat ng documents. Meron na LOA at sinisimulan yung repair. Tanong ko lang po sana pano po sa releasing. Yung participation fee kasi sagot nung nakabanga (company). Ako pa po ba ang dapat mag collect ng participation fee at magbigay sa casa para mareleasu yung unit ko?

Thanks po sa magreply.

**dreamur** · July 25th, 2016 12:15 AM

Your insurance company should take care of it. You only need to sign the release papers and drive your car out of the casa.

Sent from my SM-N910C using Tapatalk

**gerome12** · July 25th, 2016 12:20 AM

Thank you for your reply sir. So I'll just get my car next week and no need to contact the other party for the participation fee? Their insurance will take care of it, right?

Sent from my SM-G900F using Tsikot Forums mobile app

**dreamur** · July 25th, 2016 12:45 AM

I suggest you talk to the insurance incharge at the casa to confirm that everything will be shouldered by the other party to be sure.

Sent from my SM-N910C using Tapatalk

**gerome12** · July 25th, 2016 12:47 AM

Yes sir. That's the agreement.

Sent from my SM-G900F using Tsikot Forums mobile app

**gerome12** · July 25th, 2016 12:55 AM

I am just worried if I'll be the one to collect it from other party or their insurance will be the one to settle it.

Sent from my SM-G900F using Tsikot Forums mobile app

**dreamur** · July 25th, 2016 01:02 AM

It sounds like the agreement to collect the participation fee is not well explained. Is your insurance company aware that the other party will answer for your participation fee? If so, then you are safe. If not, chances are you pay first then collect.

Sent from my SM-N910C using Tapatalk

**gerome12** · July 25th, 2016 01:13 AM

Actually, it's their insurance not mine. I just submitted all requirements to other party and they are the one who submitted it to their insurance. What I deed is make some follow up with them until my car has the schedule for repair at casa.

Sent from my SM-G900F using Tsikot Forums mobile app

**nhiecah_nice29** · July 25th, 2016 08:04 PM

Wala po participation fee for third party claim. Wala po kayo dapat bayaran.

**GabNewbieX** · January 24th, 2017 02:02 PM

Hello po sana po may makatulong sken

pang 3rd year na po ng car ko due for Car Registration renewal sa LTO, hindi ko na po na update yung insurance na required ng bank, ang tanong ko po since required po ang CTPL sa Vehicle registration renewal. Kelangan ko po ba kumuha ng Comprehensive insurance or pwede na po ang CTPL lang?
since hindi ko dn po na renew yung insurance ko sa bank may penalty po ba sa ganun?

Thanks in advance po