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  1. Join Date
    Mar 2017
    Posts
    7
    #1
    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.

  2. Join Date
    Nov 2011
    Posts
    1,111
    #2
    Call the bank

  3. Join Date
    Feb 2019
    Posts
    27
    #3
    Quote Originally Posted by d3adp3ople View Post
    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.

  4. Join Date
    Nov 2009
    Posts
    3,474
    #4
    Quote Originally Posted by d3adp3ople View Post
    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.

Tags for this Thread

Insurance Penalty?