Insurance Inquiry

[cast_no_shadow]

Tsikoteers! Good day!

inquiry lang regarding car insurance, specifically regarding comprehensive.
Details, Nabangga last week ng brother ko yun sasakyan namin and i can say ang laki ng damage!
own damage naman binangga niya kasi yun concrete barrier, thankfully naka comprehensive yung oto.

Heres my question:
1. For me gusto ko na lang sana i-declare na total loss yun sasakyan, looking at the damages and sa time na itatagal nun sa casa for the repair. Alam ko call ng adjuster ng insurance yun, still can i request it?
2. ano ba ang grounds nila to declare a damaged unit as total loss?
3. given na the insurance will declare it as total loss, how much will i shell out? mas malaki ba? aside sa participation may babayadan pa ba ako?
4. If the unit is declared total-loss will they pay the claimant immediately?

if may inputs pa kayo kindly add na lang.

Thanks in advance.

[1D4LV]

mind asking ano ang damage? any pictures?
hindi kasi basta basta pwede i declare as total loss eh.
yung isang kasama ko dito sa office, halos humiwalay na yung chassis, hindi pa dineclare as total loss. inabot din sya ng 420k++ sa repairs.

[_Qwerty_]

read your policy.. nakalagay don kung ilang % ang damage para ma declare as total loss.. most insurance has it at 70%

ilang years na yung oto? kung more than 3 years na.. if ever ma declare na total loss.. you will have to pay depreciation + participation.. yung iba.. 3 to 4 yrs.. 20%, 4 to 5 yrs.. 25%.. 5 to 6 yrs.. 30%.. and so on..

matagal ang investigation pag ganyan.. kailangan habaan ang pasensya.. mga 3 to 6 months yan.. pag total loss..

[mark_t]

Try mo sulatan muna kung puede nila i total loss.

Naka kita na ako ng radiator lang kailangan palitan, pina total loss ng owner at pumayag naman ang claims department.

Yon nga lang 5 yon insured na vehicles ng policy owner. Tawagan mo muna. Baka mag kasundo kayo.

[mark_t]

mind asking ano ang damage? any pictures?
hindi kasi basta basta pwede i declare as total loss eh.
yung isang kasama ko dito sa office, halos humiwalay na yung chassis, hindi pa dineclare as total loss. inabot din sya ng 420k++ sa repairs.

Ito talaga ang nagtataka ako bakit nila ginagawa,
eh di pag hindi naayos ang repair and kailangan i total loss ay ang dami ng talo ng insurance
co. (damaged parts, replaced parts,labor, garage fees plus total loss settlement) Paano nila i re recover yon?
Labor cost pa lang hindi na recoverable.

Versus

salvage for parts(or auction) plus add na lang ng cash to settle the claim. Tapos na. Kaunti lang reports na gagawin.