Help, PSBank auto insured my car and I cant get the ORCR

**glenn_duke** · June 9th, 2015 05:13 AM

Parehas tayo ng case. Na auto insured din sa Charter Ping-an yung sasakyan kinuha ko thru PS Bank. Pero sa akin yung second year insurance ko na Prudential din ay pinadala sa PS Bank yung kopya ng policy kaya hindi na auto insured. Pero sa third year, nakalimutan kong i-renew sa Prudential dahil nasa abroad na kami nakatira. Kaya na auto-insured sa Charter Ping-an. Nung umuwi ako at pinuntahan ko yung PS BAnk, hinanap ko yung policy ng Charter Ping-an for the unpaid insurance, wala daw binibigay na policy yung Charter Ping-an hanggat hindi fully paid. So pinuntahan ko yung isang satellite office ng Charter Ping-an, and totoo nga hindi sila naglalabas ng policy hanggat hindi fully paid. But when they checked sa computer database nila, andun nga yung insurance policy ng sasakyan ko, pero hindi ma-issue dahil hindi bayad. Paperless daw sila, yun ang sabi sa akin ng ahente nila.

Wala kang magagawa diyan, kailangan bayaran mo yan para makuha mo yung ORCR mo. Ganun ginawa ko, binayaran ko, kasi naipasok na sa database ng computer nila. Pinakiusapan panga sila nung taga PS Bank na bawasan yung premium at hindi naman nagamit, pero hindi pumayag.

Medyo mas maayos sa ganyan ang BPI/MS, nagpapadala sila ng propose policy and then pag nag lapse yung insurance mo, auto insure kadin sa BPI/MS pero papadalhan ka ng kopya ng policy kahit hindi pa bayad.

**Sabana** · June 9th, 2015 08:32 AM

I don't trust PS Bank. My car was fully paid as of 2010 but it took them 5 years to release the OR. They even required us to submit some documents that had nothing to do with our mortgage. It took a demand letter from a lawyer for them to release it.

**Pidel Polano** · June 9th, 2015 10:42 AM

Originally Posted by glenn_duke

Parehas tayo ng case. Na auto insured din sa Charter Ping-an yung sasakyan kinuha ko thru PS Bank. Pero sa akin yung second year insurance ko na Prudential din ay pinadala sa PS Bank yung kopya ng policy kaya hindi na auto insured. Pero sa third year, nakalimutan kong i-renew sa Prudential dahil nasa abroad na kami nakatira. Kaya na auto-insured sa Charter Ping-an. Nung umuwi ako at pinuntahan ko yung PS BAnk, hinanap ko yung policy ng Charter Ping-an for the unpaid insurance, wala daw binibigay na policy yung Charter Ping-an hanggat hindi fully paid. So pinuntahan ko yung isang satellite office ng Charter Ping-an, and totoo nga hindi sila naglalabas ng policy hanggat hindi fully paid. But when they checked sa computer database nila, andun nga yung insurance policy ng sasakyan ko, pero hindi ma-issue dahil hindi bayad. Paperless daw sila, yun ang sabi sa akin ng ahente nila.

Wala kang magagawa diyan, kailangan bayaran mo yan para makuha mo yung ORCR mo. Ganun ginawa ko, binayaran ko, kasi naipasok na sa database ng computer nila. Pinakiusapan panga sila nung taga PS Bank na bawasan yung premium at hindi naman nagamit, pero hindi pumayag.

Medyo mas maayos sa ganyan ang BPI/MS, nagpapadala sila ng propose policy and then pag nag lapse yung insurance mo, auto insure kadin sa BPI/MS pero papadalhan ka ng kopya ng policy kahit hindi pa bayad.

with my case kce nakainsure naman sya yun nga lang hindi nabigyan ng copy yung banko... gusto ko talaga i-contest ito.. with your case kce hindi ka nakapag pa insure

**SkyFlakes88** · June 9th, 2015 01:41 PM

You have a good argument sir but in my opinion you have failed to inform the insurer that your car is in mortgage thus they did not send a copy of the policy to the bank. Which is your fault sir and your contract with the bank includes an auto insurance clause which means to protect their interest on the car they will automatically provide insurance for you in case you forgot your duty.

If i were you sir i'd just ask for a consideration or discount and pay the premium of the said insurance and move on. It's just me sir no offense.

**Pidel Polano** · June 9th, 2015 02:00 PM

Originally Posted by SkyFlakes88

You have a good argument sir but in my opinion you have failed to inform the insurer that your car is in mortgage thus they did not send a copy of the policy to the bank. Which is your fault sir and your contract with the bank includes an auto insurance clause which means to protect their interest on the car they will automatically provide insurance for you in case you forgot your duty.

If i were you sir i'd just ask for a consideration or discount and pay the premium of the said insurance and move on. It's just me sir no offense.

basically I dont have idea talaga na kailangan ipaalam sa bank na ganun nga.. dahil sa mga nauna kong insurance wala naman akong naging problema sila na ang bahala hindi narin naman ako nirequire na isubmit pa sa banko ang policy.. they do what needs to do..

if they do autoinsured sana binigyan ako ng notice.. email dahil naka register naman ako sa kanila, text message, call..

so i went to bank kanina to explain my side.. I asked kung pede iwaive yung fee na hinihingi ng insurance..

**SkyFlakes88** · June 9th, 2015 02:08 PM

Originally Posted by Pidel Polano

basically I dont have idea talaga na kailangan ipaalam sa bank na ganun nga.. dahil sa mga nauna kong insurance wala naman akong naging problema sila na ang bahala hindi narin naman ako nirequire na isubmit pa sa banko ang policy.. they do what needs to do..

so i went to bank kanina to explain my side.. I asked kung pede iwaive yung fee na hinihingi ng insurance..

Sir it is your duty po kasi.ignorance of it doesn't excuse you sir of your duty to the bank. That is why there is in your contract of auto insurance. When the car is completely yours then you don't have to inform anyone sir. What you did now is the best option sir. In case ayaw nila you could go to sa discount but eventually you have to pay them sir.

**SkyFlakes88** · June 9th, 2015 02:15 PM

Regarding the notification from the bank. They should actually inform you and also collect from you but that is the fault of your loan officer in any case the bank will enforce your contract and you will still have to pay in the end sir. In their short comings still they can hold your CR until you comply with their terms. It's a looong battle sir and it is more in the favor of the bank.

**Pidel Polano** · June 9th, 2015 02:37 PM

Originally Posted by SkyFlakes88

Regarding the notification from the bank. They should actually inform you and also collect from you but that is the fault of your loan officer in any case the bank will enforce your contract and you will still have to pay in the end sir. In their short comings still they can hold your CR until you comply with their terms. It's a looong battle sir and it is more in the favor of the bank.

kaya nga eh.. bank at insurance mahirap kalaban.. kahit singkong duleng sisingil at sisingilin parin.

**SkyFlakes88** · June 9th, 2015 02:49 PM

Oo sir ganyan po talaga. Kaya po dapat alam po natin mga details nang pinirmahan natin na contract. Think of it as a tuition fee na lang sir. Ako din may mga details unsure sa contract namin but very minor na lang sir.

One thing also sir may friend po ako na yun CC at car loan nya isang bank din. Nabayaran na nya yun car loan pero ayaw irelease yun CR dahil nag default sya sa CC nya. They can tie up your multiple loans with them. If you default in one damay lahat yan.

**Pidel Polano** · June 9th, 2015 03:14 PM

tumawag na PSbank, ayaw talaga nila i-wave at wala rin discount.. useless ang pakikipag negotiate.. nag leave pa ako para lang kunin ung document galing sa isang insurance... talo ka na sa absent talo ka pa sa oras halos 6 months na pakiki digma sa insurance at sa banko..