Car Insurance

[gerome12]

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]

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

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[motoristaako89]

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

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Hi sir, what if the one hit me don't have insurance, it's the insurance company's responsibility to go after him right? and I don't need to wait if the other party will pay up or not, is that correct? in short, I-rerelease nila agad ang sasakyan upon repair kahit hindi pa sila naka-singil doon sa nakabangga?

[dreamur]

Hi sir, what if the one hit me don't have insurance, it's the insurance company's responsibility to go after him right? and I don't need to wait if the other party will pay up or not, is that correct? in short, I-rerelease nila agad ang sasakyan upon repair kahit hindi pa sila naka-singil doon sa nakabangga?

That is correct po assuming you have the LOA from your insurance company.

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➰Shine the light➰
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[gerome12]

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?

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[dreamur]

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.

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[gerome12]

Yes sir. That's the agreement.

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[gerome12]

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.

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[dreamur]

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.

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[gerome12]

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.

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[nhiecah_nice29]

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

[GabNewbieX]

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

[jakewise]

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

Bank requires Comprehensive Insurance if your car is mortgaged with them, if it is, they usually remind you to renew your comprehensive insurance annually since only TPL is paid for three years for brand new vehicles. TPL insurance is required by law for every renewal, in your case, since you said that your car is already three years old, I would presume it is already due for renewal. In case your car is not mortgaged with any bank, Comprehensive Insurance is not a must for renewal, although it is highly recommended you get one, I don't believe the bank will penalize you for not renewing your insurance with them.

[GabNewbieX]

Bank requires Comprehensive Insurance if your car is mortgaged with them, if it is, they usually remind you to renew your comprehensive insurance annually since only TPL is paid for three years for brand new vehicles. TPL insurance is required by law for every renewal, in your case, since you said that your car is already three years old, I would presume it is already due for renewal. In case your car is not mortgaged with any bank, Comprehensive Insurance is not a must for renewal, although it is highly recommended you get one, I don't believe the bank will penalize you for not renewing your insurance with them.

Thank you sir sa reply

on a tight budget pa po kasi for now kaya hindi ko pa ma renew yung compre at the same time I'm shopping around pa for a better and cheaper insurance package.

Due na po pareho and Car Reg. & TPL, advisable po ba sa situation ko now na kumuha ng TPL sa LTO upon renewal?

[_Qwerty_]

hindi ka makakapag renew pag walang TPL, required nga diba.

Thank you sir sa reply

on a tight budget pa po kasi for now kaya hindi ko pa ma renew yung compre at the same time I'm shopping around pa for a better and cheaper insurance package.

Due na po pareho and Car Reg. & TPL, advisable po ba sa situation ko now na kumuha ng TPL sa LTO upon renewal?

[jakewise]

Thank you sir sa reply


on a tight budget pa po kasi for now kaya hindi ko pa ma renew yung compre at the same time I'm shopping around pa for a better and cheaper insurance package.

Due na po pareho and Car Reg. & TPL, advisable po ba sa situation ko now na kumuha ng TPL sa LTO upon renewal?

I am not sure if I got your question correctly. Are you asking if advisable kumuha ng TPL Insurance sa mga Insurance offices near LTO? If that is your question, then the answer is NO kasi usually mas mahal ang premium ng mga Insurance companies beside LTO offices based on my observation. Nevertheless, it is a must for you to get your TPL insurance as it is a prerequisite for your renewal.

[kimpia]

Hi Guys,

Vigattin Insurance

If you are really looking now for the cheapest on line motor car insurance you have have a free quote in just few step in a minute,very quick and easy, Cheapest Comprehensive Auto Motor Car Insurance in the Philippines. They offer QBE Seaboard , Standard Insurance,People's General Insurance, Alpha Insurance and Stronghold.
The give free Roadside assistance, terms up to six equal payments, free passenger accident of 250,000.00 and fix 2,000.00 participation. Customers experienced a very quick action on claims.


for more info. you can visit their website
Cheapest Car Insurance in the Philippines
or drop by at their office at
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I hope this may help you, Godbless.

[kimpia]

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

Hi sir .
advice ko po n amas maganda po kung kukuha kayo ng comprehensive insurance para sa sasakyan niyo po , and i recommend yung website nato Cheapest Car Insurance in the Philippines , salamat po sir sana makatulong po ako sa problema niyo . maraming salamat po in advance . Godbless ! .

[SpinCycle]

If the cost of repair is only 4k max, wag mo na ipasok sa insurance. Hassle pa to process everything and get the approvals. And may chance na tataas pa premium mo for next year.

Bakit wala pa yung policy mo? Dapat binibigay sa yo agad yun as soon as you pay for it.


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[Alonze]

Baka poh may mapadaan na agent ng federal phoenix nid 1 poh para sa renewal 2015 po naka insured thanks