Pls Suggest Car Insurance Companies

[Ganidmahn]

I would also like to ask for a 1 year insurance quotation for my 2nd hand 2008 isuzu alterra 4x2. Bought it for 863k.
Please PM me your quotations thank you ( with and Without AOG )

regards,
AJ

[Ganidmahn]

Sorry na double post

[mark_t]

Derf,

You wrote that you used to work in the claims department of a insurance co.
Why would a claim take months to resolve?

[mark_t]

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.

Answer to
1. Yes you can actually have multiple claims in a year.
2. It is not enough to have ctpl only. 10 year old and above vehicles are insurable,
subject to inspection or submission of an existing or expired policy.

[mark_t]

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?

Tama ka, participation lang.

And tama din si derf, up to 50% depreciation.

I defends on how the policy was written.

As to 80-90% depreciation wala pa ako nakita na ganyan.

[mark_t]

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.

Underwriters, but not all underwriters would decline coverage on old vehicles.
Condition of the vehicle should be the primary consideration
because it says a lot about the owner of the thing to be insured.

The owner is actually half the risk.

[mark_t]

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.

Whoever has insurable interest, should be the owner of the policy.

In this case, the former owner does not have insurable interest.

The present owner has insurable interest and possession. It goes that the policy be named ofter the owner.

But on CTPL these would not apply as it clearly shows tax avoidance.

No policy should be issued without proof of insurable interest.

[mark_t]

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?

You will not be able to claim on your CTPL without proper endorsement.
Have your deed of sale notarized. This would allow you to have you car insurance policy under your name.

[weslu]

Mga sirs....is below a good deal?
- P934,000 coverage AOG, P934,000 coverage for own destruction/ theft, P200k for bodily injury, P200k for property damage all for a premium of P23,034.58
- 0.5% lang ang participation
- magiging about P28-29k ang premium pag 0% participation for damages P10k and up; pag below P10k, meron pa ring 0.5% participation
- quote from Standard Insurance
- vehicle is a 2012 hyundai tucson theta II GL AT, bought last Nov 2011

Also, any feedback on Pioneer Insurance?

[Retz]

Paano ang payment scheme niyo sa insurance company? pwede bang monthly installment sa insurance quotation?

[mark_t]

Paano ang payment scheme niyo sa insurance company? pwede bang monthly installment sa insurance quotation?

Lahat ng insurance pareho lang ang payment terms.

Single Pay -

30 days to 120 days - ito standard ito sa lahat ng trade.

Semi Annual or 6 MONTHS

Quarterly

[mark_t]

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?

So long as you have properly endorsed all documents and they have accepted the risk then there should be no problem.

[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.

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:

Thanks _Qwerty_ and derf8666 for the infos. Pagaaralan kong mabuti.

[Lapella]

Sir, parang wala pang 35K yan in total?

Di pa kasama diyan Sir yung Documentary Stamp and VAT.

[Retz]

Di pa kasama diyan Sir yung Documentary Stamp and VAT.

ah okay sir.

[Lapella]

How about UCPB Gen insurance? Any reviews?

They have a promo now.

[james00112233]

How about UCPB Gen insurance? Any reviews?

They have a promo now.

pwede ko bang malaman kung ano yung promo nila?

[Retz]

Tied-up ba ng Toyota Otis ang People's General Insurance?

[nincompoop!!]

Hi everyone,

Please help if this quote from Standard Insurance is reasonable. Also, would you recommend them?

C O V E R A G E Sum Insured Premium
I. Compulsory Third Party Liability
II. Own Damage/Theft/AON 960,000.00 20,160.00
III. Excess Third party Liability
a.) Bodily Injury 500,000.00 520.00
b.) Property Damage 500,000.00 1,635.00

Taxes 5,611.81

1) *24 Hour Roadside Assistance (specific areas only)
2) Acts of God Coverage (Typhoon, Flood, Earthquake, Hurricane, Volcanic Eruption).
3) Strike, Riot and Civil Commotion (SRCC) Cover.
4) Unnamed Passenger Personal Accident (UPPA) Insurance – Ps 50,000.00 per person based on vehicle seating capacity:
5) Unit model with a maximum of 12 years old up to present for PC and CV will be accepted for CASA repair
6) Basis of indemnity in respect of loss/damage to the insured vehicle is company's fair market value at the time of the loss.

[hello101]

Can anyone give me a quote for a comprehensive insurance for a second hand 2006 honda fit? Thanks.