How long do you keep your car insured?

[Manilablock]

pag declare as total loss.. paano to babayaran ng insurance company ung owner ng sasakyan?

diba pag nabanga ang car mo at nag claim ka sa insurance, ung part na papalitan meron deduction due to depreciation.

kung insured ang car mo ng Php 500,000 pag total loss ba mag apply pa din ung depreciation?

[_Qwerty_]

kung more than 3 years na yung sasakyan.. papasok na yung depreciation..

diba pag nabanga ang car mo at nag claim ka sa insurance, ung part na papalitan meron deduction due to depreciation.

kung insured ang car mo ng Php 500,000 pag total loss ba mag apply pa din ung depreciation?

[Manilablock]

kung more than 3 years na yung sasakyan.. papasok na yung depreciation..

parang hindi fair para sa insured.

kasi ung car mo luma man yan, me mga parts na should have the same value as a bnew (sample ung glass, body panels, bumpers).

would you sell this parts at a lower cost for the purpose of replacing them with bnew parts?

[mark_t]

Since when should used parts should have the same value as brand new parts?

[boybi]

parang hindi fair para sa insured.

kasi ung car mo luma man yan, me mga parts na should have the same value as a bnew (sample ung glass, body panels, bumpers).

would you sell this parts at a lower cost for the purpose of replacing them with bnew parts?

Windshields walang depreciation. Participation lang babayaran mo if need to replace.
Not sure for other glass parts (windows, rear windshield).

Other parts of the car definitely may depreciation, depreciated na kasi old car mo.

[Retz]

ganyan talaga pag insurance if more than 3yrs na tsikot mo.... parang hati kayo ng insurance company sa pag bayad ng car parts kung may kailangan palitan.

[stickers]

kung more than 3 years na yung sasakyan.. papasok na yung depreciation..

After 3yrs pa ba mageffect yung depreciation? Dun sa insurance ko ngayon less 15% na agad yung insured value na binigay ng insurance. 2nd yr pa lang ng kotse ko.

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[_Qwerty_]

depende siguro sa insurance yan.. yung sa akin eh from standard.. on the 3rd year going to 4th year pa papasok yung depreciation..

After 3yrs pa ba mageffect yung depreciation? Dun sa insurance ko ngayon less 15% na agad yung insured value na binigay ng insurance. 2nd yr pa lang ng kotse ko.

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[qwertyqaz]

Hi! This is an old thread but rather than opening a new one, my questions will still fall under this subject.

We are already used to getting insurance for brand new cars and for cars less than 4 yrs. However, my father decided to grab an old 2004 Nissan Sentra 1.6 GSX M/T offer from my Tito (balikbayan and stays only a few months a year in the Philippines and they have several vehicles).

In short, hinog na hinog pa ang car and only 40k+ actual trip odometer (no tamper). Most of the time, hindi talaga nagagamit. Since they bought a new SUV, the Sentra could not fit the garage anymore and offered a very good price that even a GX would be put to shame Currently the insurance coverage is P100k CTPL up to September 2015 c/o MAFRE under my Tito's name.

My questions are:
1) Do we wait for September 2015 for a new coverage or get one immediately and under my father's name?
2) Is the Sentra limited to CTPL only? No other comprehensive option considering its more than a decade old?
3) Do we have any better options aside from MAFRE?

Thanks you in advance for your suggestions :-)

[SkyFlakes88]

Hi! This is an old thread but rather than opening a new one, my questions will still fall under this subject.

We are already used to getting insurance for brand new cars and for cars less than 4 yrs. However, my father decided to grab an old 2004 Nissan Sentra 1.6 GSX M/T offer from my Tito (balikbayan and stays only a few months a year in the Philippines and they have several vehicles).

In short, hinog na hinog pa ang car and only 40k+ actual trip odometer (no tamper). Most of the time, hindi talaga nagagamit. Since they bought a new SUV, the Sentra could not fit the garage anymore and offered a very good price that even a GX would be put to shame Currently the insurance coverage is P100k CTPL up to September 2015 c/o MAFRE under my Tito's name.

My questions are:
1) Do we wait for September 2015 for a new coverage or get one immediately and under my father's name?
2) Is the Sentra limited to CTPL only? No other comprehensive option considering its more than a decade old?
3) Do we have any better options aside from MAFRE?

Thanks you in advance for your suggestions :-)

Do you have the policy? Is it just CTPL? If it is and you want a full coverage then it's best to get one. Mapfre is also a good insurance co. If you want to try other companies then i would recommend Cibeles insurance my brother and wife is an agent. since i have been getting my insurance from them 15yrs and counting never had any claims problem with them.