Insurance Penalty?

[d3adp3ople]

Hi Mga ka-tsikot,

Kotse ko is financed by Eastwest.

Nag renew na ako this Sept 2018 ng insurance from BPi.

May nabasa ako kapag wala daw insurance may penalty daw at the end of the amortization.

As of now hindi ko pa na inform ang bank may renewed insurance nko. So far hindi naman ako hinahabol.

Ang question ko lang po baka naman sa last amortization ko may penalty na although nag rerenew naman ako.

[TheUninvited]

Call the bank

[cdl]

Hi Mga ka-tsikot,

Kotse ko is financed by Eastwest.

Nag renew na ako this Sept 2018 ng insurance from BPi.

May nabasa ako kapag wala daw insurance may penalty daw at the end of the amortization.

As of now hindi ko pa na inform ang bank may renewed insurance nko. So far hindi naman ako hinahabol.

Ang question ko lang po baka naman sa last amortization ko may penalty na although nag rerenew naman ako.

yes, call the bank or simply ask your new insurance if they were able to inform EastWest of your new insurance subscription. Hope this helps.

[12vdc]

Hi Mga ka-tsikot,

Kotse ko is financed by Eastwest.

Nag renew na ako this Sept 2018 ng insurance from BPi.

May nabasa ako kapag wala daw insurance may penalty daw at the end of the amortization.

As of now hindi ko pa na inform ang bank may renewed insurance nko. So far hindi naman ako hinahabol.

Ang question ko lang po baka naman sa last amortization ko may penalty na although nag rerenew naman ako.

Wag mo na antayin habulin ka. They will automatically renew the insurance if no advise was made from you and it will be charged on your next amort. Furnish them a copy of your new insurance policy, it should be Compre w/CTPL.