Do not purchase any insurance from PEOPLE'S GENERAL INSURANCE!!!

[steer]

hello! help po..medyo desperate lang ako.
my very first car Toyota Vios 1.3 E matic 2011 model was flooded during habagat. Na assess sya na total damage/loss...my policy from People's GEn states na ang amount ng total loss and AOG is 648k..now. i got the conformity letter which they fax last Monday, Sept 10 after 3weeks of follow up (tutok) by phone. and in their letter, nasa 520K lang ung insurance liability na binibigay nila...hello?!!!! ang intindi ko siempre kung ano ung nasa policy coverage of 1 yr, ganun ang amt na kelangan nilang ibgay, saken, ok lang sana if kahit binigay man lang nila sa 600k wag 520k. i sent a reply to their conformity letter saying na they should give me the amt stated in the policy or kahit naman bawasan nila un pero wag naman below 600k. meron ba dito makakatulong na may kilala sa loob, please??!!!!!

if I understand how Car Insurances work...

For example your car is insured for 648k, by the time you claim for total loss, they would still check market value, if market value is lower than your insured amount, they would apply the market value, then minus depreciation.... medyo aping api tayong mga car owners...

[dfopiso]

parang ang standard devaluation nga eh 20% per year. baka pwedeng i-huggle, like kung low mileage pa

[Retz]

parang ang standard devaluation nga eh 20% per year. baka pwedeng i-huggle, like kung low mileage pa

hindi ba 10% lang bossing?

[dfopiso]

mukhang malakas itong si People's ah. Yung 3 year TPL ko thru my auto dealer sa kanila rin galing. buti na lang sa iba yung compre insurance ko

[dfopiso]

dapat yata mag class suit sa DTI mga nagka problema sa People's insurance

[dfopiso]

hindi ba 10% lang bossing?

yung depreciation yata 10% pero apparently meron pang additional devaluation, which in this case additional 10%. combining baka yan yung sabi nilang market value

[dfopiso]

mga related threads that may help

http://tsikot.com/forums/car-insuran...ml#post2003599

http://tsikot.com/forums/car-insuran...50/index3.html

[kix808]

hello! help po..medyo desperate lang ako.
my very first car Toyota Vios 1.3 E matic 2011 model was flooded during habagat. Na assess sya na total damage/loss...my policy from People's GEn states na ang amount ng total loss and AOG is 648k..now. i got the conformity letter which they fax last Monday, Sept 10 after 3weeks of follow up (tutok) by phone. and in their letter, nasa 520K lang ung insurance liability na binibigay nila...hello?!!!! ang intindi ko siempre kung ano ung nasa policy coverage of 1 yr, ganun ang amt na kelangan nilang ibgay, saken, ok lang sana if kahit binigay man lang nila sa 600k wag 520k. i sent a reply to their conformity letter saying na they should give me the amt stated in the policy or kahit naman bawasan nila un pero wag naman below 600k. meron ba dito makakatulong na may kilala sa loob, please??!!!!!

they sent me their 2nd letter, from 520k, 580k na sya. take it ko na...settle k pa ung sa toyota in hse na remaining balance..then isip nlang ng kapalit. Pero pede bang kuha nalang ako ng unit ulit continue ung contract with toyota inhse? possible ba un na option din?!3 more yrs pa ung loan ko kse.

[crazy_boy]

they sent me their 2nd letter, from 520k, 580k na sya. take it ko na...settle k pa ung sa toyota in hse na remaining balance..then isip nlang ng kapalit. Pero pede bang kuha nalang ako ng unit ulit continue ung contract with toyota inhse? possible ba un na option din?!3 more yrs pa ung loan ko kse.

Kung ako tatanungin mo, dapat follow yung sa policy na 640k. Yun yung contract niyo ng insurance company e. I won't settle for anything less if ako yun

[_Qwerty_]

640K yun nung time na ni issue yung policy.. read your policy.. may depreciation kasi yan.. so binabawas nila yun..