Pls Suggest Car Insurance Companies

[Retz]

yes, effective Dec. 2011.

Coverage
500T = 1635
400T = 1515
300T = 1395
200T = 1245
100T = 1095

It's true pala. thank you sir.

[Lapella]

2.5G VNT M/T SRP PHP1,381,000.00

Insurance Quote: 35k w/ AOG

Pricey? Any thoughts?

[_Qwerty_]

that's about right sir.. ok na yang quote nya..

2.5G VNT M/T SRP PHP1,381,000.00

Insurance Quote: 35k w/ AOG

Pricey? Any thoughts?

[Lapella]

that's about right sir.. ok na yang quote nya..

Details:

OD/THEFT INCLUDED Covered:1,381,000.00 Premium:19,334.00
ACTS OF GOD Covered:1,381,000.00 Premium:6,905.00
VTPL BODILY INJURY Covered: 100,000.00 Premium:180.00
VTPL PROPERTY DAMAGE Covered: 100,000.00 Premium:1,095.00
AUTO PASS (5) SEATER Covered: 100,000.00 Premium:250.00
P 20,000 each

DEDUCTIBLE : Php. 6,905.00 for each and every loss

If there will be changes/adjustment that I should ask for, which is which?

Many thanks.

[_Qwerty_]

ang baba sir nung VTPL.. sana at least 300T to 500T

Details:

OD/THEFT INCLUDED Covered:1,381,000.00 Premium:19,334.00
ACTS OF GOD Covered:1,381,000.00 Premium:6,905.00
VTPL BODILY INJURY Covered: 100,000.00 Premium:180.00
VTPL PROPERTY DAMAGE Covered: 100,000.00 Premium:1,095.00
AUTO PASS (5) SEATER Covered: 100,000.00 Premium:250.00
P 20,000 each

DEDUCTIBLE : Php. 6,905.00 for each and every loss

If there will be changes/adjustment that I should ask for, which is which?

Many thanks.

[Lapella]

ang baba sir nung VTPL.. sana at least 300T to 500T

How about the 20k each per person. Is 50k/person the norm?

[_Qwerty_]

actually it should be:

AD&D P= 50,000/seat
Med. Expense P= 10,000/seat
Burial Assistance P= 5,000/seat

and this should be free.. in your quote they charged you Php250.00.

How about the 20k each per person. Is 50k/person the norm?

[Lapella]

actually it should be:

AD&D P= 50,000/seat
Med. Expense P= 10,000/seat
Burial Assistance P= 5,000/seat

and this should be free.. in your quote they charged you Php250.00.

If you don't mind, what do you mean by AD&D?

Also, should I ask for the Med expense and Burial assistance as you've mentioned above?

[keroroblu]

mga sir goodpm po...tanong lang po kung ano pinaka magandang insurance yung tipong madaling kausap talaga..kahit na ngatngat ng daga sa wirings ng engine bay eh pwede sa kanila... yung insurance ko kasi "MAA" inhouse ng honda.,pinaabot nila ng 1mo. ang oto.. tapos biglang sasabihin sayo eh deny daw....araaayyyy... bwiisseeeeettt..sana mga 1week lang sana nag labas na sila ng judgement ng hindi tumagal sa kanila ng ganun... help lang mga sir... para pag renew ko next year eh mailipat ng magandang insurance oto ko.. salamat mga master...

[derf8666]

Details:

OD/THEFT INCLUDED Covered:1,381,000.00 Premium:19,334.00
ACTS OF GOD Covered:1,381,000.00 Premium:6,905.00
VTPL BODILY INJURY Covered: 100,000.00 Premium:180.00
VTPL PROPERTY DAMAGE Covered: 100,000.00 Premium:1,095.00
AUTO PASS (5) SEATER Covered: 100,000.00 Premium:250.00
P 20,000 each

DEDUCTIBLE : Php. 6,905.00 for each and every loss

If there will be changes/adjustment that I should ask for, which is which?

Many thanks.

If you don't mind, what do you mean by AD&D?

Also, should I ask for the Med expense and Burial assistance as you've mentioned above?

That already is a very competitive quote. My quote would have been in the same range. But do take note that the premium should not be your ONLY consideration. You have to look at the company din and the agent. Insurance is a contract of promise based on trust. Parang pinahawak mo lang muna yung pera sa insurance para pagdating ng claim, ay sila naman ang bahala sa iyo.

Example 1: Premium 10,000. Claim damage 20,000. Isang tawag lang sa agent to report. Insurer pays 20,000 less participation within a very reasonable time.

Example 2: Premium 8,000. Claim damage 20,000. Agent nowhere to be found. You are left alone doing your own follow up. After months of follow up and negotiation, they finally agreed to pay you 10,000.

Which one is the better deal?

You should probably increase your VTPL coverage. 100k is just not practical anymore, especially since your vehicle is somewhat on the expensive side. Should at least be 200k or preferably even more.

As for the PA coverage, you dont have to ask for the extra coverage as they are already included in the typical PA coverage. Although they dont indicate it in the table of premium or coverage, it is written on the policy somehwere in the clauses section. AD & D is accidental death and disablement. No, PA coverage is not generally free, although some insurance companies do include it for free since this coverage is considered a "safe" coverage for insurers. Here is an example of PA coverage from federal phoenix with the corresponding premium:

SCHEDULE OF BENEFITS

PLAN B
Accidental Death & Disablement 100,000
Medical Reimbursement 10,000
Surgical Benefit 10,000
Burial Benefit 5,000
Double Indemnity 200,000
* Higher amount of benefits maybe provided with corresponding adjustment in premiums.

ANNUAL PREMIUM (exclusive of taxes)

Per Declared Vehicle Plan B
1 to 5 seater, including driver PPhp 985
6 to 10 seater, including driver Php 1,500
11 to 12 seater, including driver Php 1,800

[Retz]

Details:

OD/THEFT INCLUDED Covered:1,381,000.00 Premium:19,334.00
ACTS OF GOD Covered:1,381,000.00 Premium:6,905.00
VTPL BODILY INJURY Covered: 100,000.00 Premium:180.00
VTPL PROPERTY DAMAGE Covered: 100,000.00 Premium:1,095.00
AUTO PASS (5) SEATER Covered: 100,000.00 Premium:250.00
P 20,000 each

DEDUCTIBLE : Php. 6,905.00 for each and every loss

If there will be changes/adjustment that I should ask for, which is which?

Many thanks.

Sir, parang wala pang 35K yan in total?

[Retz]

Questions on comprehensive car insurance:

1.) Isang claim lang ba valid ang car insurance per year? If you are involve in 2 or more accidents a year, pwede bang i-claim un sunod na accident?

2.) For old cars, let say 10 yr old above. Is it feasible or valuable to have it enrolled in a comprehensie car insurance? or CTPL should already suffice.

[jon_i9100]

Gentlemen,

Pwede ko pa i-enroll sa Comprehensive ang aking sasakyan 2001/Nissan/A.T 2nd hand ko siya nabili at di ko plan na ilipat sa name ko yun CR? May mai-suggest kayo na insurance company yun well worth ang bayad importane sakin kasi yun acts of god/flood. at kahit di sakin naka name yun OR/CR pero meron ako deed of sale sa akin na ba mai-papangalan yun Insurance? di ba mahirap sa pag claim?

[_Qwerty_]

yes kahit ilang accidents..

yung ibang insurance hindi na tumatanggap nang 10 yrs above.. lugi ka din kasi.. aside from participation.. baka 80% to 90% on parts ikaw na din babayad dahil sa depreciation.. so useless yung comprehensive.. mag ipon ka na lang nang fund for repairs.

Questions on comprehensive car insurance:

1.) Isang claim lang ba valid ang car insurance per year? If you are involve in 2 or more accidents a year, pwede bang i-claim un sunod na accident?

2.) For old cars, let say 10 yr old above. Is it feasible or valuable to have it enrolled in a comprehensie car insurance? or CTPL should already suffice.

[Retz]

yes kahit ilang accidents..

yung ibang insurance hindi na tumatanggap nang 10 yrs above.. lugi ka din kasi.. aside from participation.. baka 80% to 90% on parts ikaw na din babayad dahil sa depreciation.. so useless yung comprehensive.. mag ipon ka na lang nang fund for repairs.

Sir qwerty, pardon me but what do you mean by the above bold statement? hindi ba participation lang ung babayaran mo? bakit may 80-90% parts?

[_Qwerty_]

participation lang.. sa brand new cars age 1 to 3 lang yan.. 100% sagot nila yung parts.. check your policy.. for older cars.. you pay a percentage na for the parts.. the older the car is.. the greater the percentage you pay..

Sir qwerty, pardon me but what do you mean by the above bold statement? hindi ba participation lang ung babayaran mo? bakit may 80-90% parts?

[Retz]

participation lang.. sa brand new cars age 1 to 3 lang yan.. 100% sagot nila yung parts.. check your policy.. for older cars.. you pay a percentage na for the parts.. the older the car is.. the greater the percentage you pay..

ah, hindi pala inclusive ang parts sa participation fee for vehicle more than 3 years old na? ngayon ko lang nalaman ito. ang dami kasi nakasulat sa insurance policy nakakalito basahin.

[derf8666]

Questions on comprehensive car insurance:

1.) Isang claim lang ba valid ang car insurance per year? If you are involve in 2 or more accidents a year, pwede bang i-claim un sunod na accident?

2.) For old cars, let say 10 yr old above. Is it feasible or valuable to have it enrolled in a comprehensie car insurance? or CTPL should already suffice.

1. Wala namang limit as long as you dont go over your sum insured. Of course, if you have multiple claims or a big claim, chances are they wont renew your policy next year, either that or they will increase your premium.

2. The insurance companies do not want to accept old vehicles for compre insurance coverage. And theres a big reason why. They have more claims than the newer vehicles. So that means it is better for owners of older vehicles to insure their cars, that is if there are any takers. As long as you have a car, it is always advisable to have a compre insurance. Not only for the own damage claim of your vehicle, but more so for third party accidents. Maximum participation for parts replaced is 45% of the value of the parts for cars older than 7 years and 50% for mechanical parts like suspension, tires, etc.. If youre saving on money, you can have the option to replace the damaged collision parts with surplus, in which case you dont need to share in the cost of the parts. No participation on the depreciation.

[derf8666]

Gentlemen,

Pwede ko pa i-enroll sa Comprehensive ang aking sasakyan 2001/Nissan/A.T 2nd hand ko siya nabili at di ko plan na ilipat sa name ko yun CR? May mai-suggest kayo na insurance company yun well worth ang bayad importane sakin kasi yun acts of god/flood. at kahit di sakin naka name yun OR/CR pero meron ako deed of sale sa akin na ba mai-papangalan yun Insurance? di ba mahirap sa pag claim?

The insurance will always be under the name that appears on the CR. However, if you have a deed of sale, they do allow an "and/or" coverage. Ya, some insurance will accept more than 10 year- old vehicles, subject for inspection.

[aamd]

I would like to ask for 1 year insurance quotation for a brand new Mitsubishi Mirage AT. The price of the 2013 mirage is 638,000 less 25,000 discount. Quotation with Acts of God and Without acts of God

Please PM me your best offer and contact number.

regards.

al