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

**Syuryuken** · September 18th, 2012 02:03 PM

Originally Posted by rllopez1229

Mga sirs, help naman, ano po magandang idahilan sa affidavit, gusto ko po kasi ipasok sa insurance yung two tires ko, the other one has cut on it's wall while the other one has lump naman sa wall din which is sobrang delikado. Maaprobahan kaya ng insurance kung sabihin ko na may nagcut sakin then kumabig ako at nagutter? People's insurance ko din po ipapasok. sana po matulungan nyo ko..

Kung 2 years pa lang yang gulong mo pwedeng ipasok sa warranty

**kix808** · September 18th, 2012 02:11 PM

Originally Posted by _Qwerty_

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

pero nga ang intindi ko ang may depreciation values eh ung 3-yr old and up na car...mine is only going 2nd yr this october...gusto ko nga talga 620k, ndi pa naman ako nag conform.

**_Qwerty_** · September 18th, 2012 03:13 PM

pag labas pa lang nang casa sir may depreciation na.. kaya every year bumababa yung sum insured.. tapos within the year nag de depreciate pa din yun..

**niro2011** · September 18th, 2012 03:54 PM

just stay away from People's Gen Insurance for your own good.

**derf8666** · September 18th, 2012 07:55 PM

The major consideration in paying a total loss is the FAIR MARKET VALUE. 10% depreciation is not automatic. If your vehicle is insured for 600k and it so happens that the FMV of the vehicle at the time of loss is 600k, then the insurance is liable to pay you 600k less your participation only.

**_Qwerty_** · September 18th, 2012 08:43 PM

this is true if the accident happened at the same month the policy was released.. pero if say the policy was dated August 2011 and that time the FMV of the car is 600K, then the accident happened April 2012, the FMV is no longer 600K because 8 months has already passed and the FMV of the car is no longer 600K, so they deduct the depreciation fore these 8 months to the 600K FMV.

Originally Posted by derf8666

The major consideration in paying a total loss is the FAIR MARKET VALUE. 10% depreciation is not automatic. If your vehicle is insured for 600k and it so happens that the FMV of the vehicle at the time of loss is 600k, then the insurance is liable to pay you 600k less your participation only.

**jmu_steel** · September 21st, 2012 12:26 AM

question lang po..ano ba covered ng act of god?pag nakapark lang yung sasakyan tapos nabaha?o kahit pag umaandar tapos nabaha?

**RedAccent** · October 7th, 2012 02:07 AM

Hello to all. Im a newbie here. Just like to ask re insurance claim. Got the car last april (2012) from hyundai Q. Ave. (comprehensive ins. incl.). Unfortunately, my daughter got an accident the other day ("own damage"). she hit a small concrete that resulted to a dent and scratch just below the door (step board) about 1 1/2 meter long from the driver side. I texted our sales agent at Q.Ave re the requirements for claims and we have completed everything this morning. she also said, we can bring our car to any hyundai branch most convenient for estimate and bring all docs required.

My question is:
1. Do we have to bring the car direct to the casa of hyundai together with the docs OR, do we have to inform first the insurance company (People's General Insurance) and submit the requirements before we bring the car to Hyundai?

2. Secondly, do we have to pay the total cost incurred (from the casa) for the repair and have it reimbursed from the people's insurance OR, wait for them (People's Ins.) to send us/hyundai the LOA and we will just pay the extra charges (participation fee)? How much usually is the participation fee/charge?

Would appreciate your help. Sorry, Im new at claims.

**Manilablock** · October 7th, 2012 05:52 AM

Mga Sir ung fair market value pano ba nalalaman un, ito ba ay comparison sa mga pricing ng 2nd hand cars? or by percentage.

sa previous post nababasa ko na mababa ung FWV na offer ng insurance kesa sa owner ng car.

sample lang po ung RAV4 Gen2 4x4 AT with 70,980 Odo mga magkano po ang FMV

**fireblade** · October 7th, 2012 09:30 AM

Originally Posted by RedAccent

Hello to all. Im a newbie here. Just like to ask re insurance claim. Got the car last april (2012) from hyundai Q. Ave. (comprehensive ins. incl.). Unfortunately, my daughter got an accident the other day ("own damage"). she hit a small concrete that resulted to a dent and scratch just below the door (step board) about 1 1/2 meter long from the driver side. I texted our sales agent at Q.Ave re the requirements for claims and we have completed everything this morning. she also said, we can bring our car to any hyundai branch most convenient for estimate and bring all docs required.

My question is:
1. Do we have to bring the car direct to the casa of hyundai together with the docs OR, do we have to inform first the insurance company (People's General Insurance) and submit the requirements before we bring the car to Hyundai?

2. Secondly, do we have to pay the total cost incurred (from the casa) for the repair and have it reimbursed from the people's insurance OR, wait for them (People's Ins.) to send us/hyundai the LOA and we will just pay the extra charges (participation fee)? How much usually is the participation fee/charge?

Would appreciate your help. Sorry, Im new at claims.

Yes, you will have to bring the unit for service to make the appraisal. If the insurance is in house, they may make the LOA from there and the work begins soon after. You just have to pay participation fee base on your policy. You should not have it repaired and claim for reimbursement. They may not authorize this or may just give a lower reimbursement given that they have agreed rates with dealers and this is substantantially lower than what normal customers pay. If you did not get the insurance from the dealership, you may inform them now that you are bringing it to your dealership and they may advise you if its accredited or not.

hth.