questions on claiming insurance

[jovz]

ganun po ba pano kaya po pag nabangga na, may posibilidad po ba na macaclaim o may paraan po, tapos hit and run un ngyari

[SkyFlakes88]

ganun po ba pano kaya po pag nabangga na, may posibilidad po ba na macaclaim o may paraan po, tapos hit and run un ngyari

Ask the former owner to transfer the ownership of the policy to you sir. Madali Lang po. Tatawag lang nya sa insurance co. Regarding sa claim im not sure po policies nila but as long as naka enforce yun policy sa kotse i think you can claim pero dapar coordinate nyo sa old owner

[Juan Martinez]

question lang po macacaclaim po ba pag yun comprehensive insurance ay nakapangalan pa po sa dati may ari

no. in property insurance, it is important that the property owner must have insurable interest at the time the contract of insurance was entered into AND at the time of the loss. To illustrate: Mr. X bought a brand new car on May 5, 2015 and at the same time he took a comprehensive insurance of the same car. On May 11, 2015, the said car figured an accident resulting to a total loss. There is no question that Mr. X will get the insurance proceeds.
BUT, it is another story if on May 9, 2015 Mr. X sold the car to Mr. Y and on May 11, 2015 the car sold figured an accident resulting to a total loss. In this case, neither Mr. X nor Mr. Y can get the insurance proceeds, because:
(a) Mr. X, the first owner, although he had insurable interest at the time the insurance contract was entered into, he did not have insurable interest anymore at the time of the loss because he sold the car already to Mr. Y.
(b) Mr. Y is not entitled to the insurance proceeds, because, although he was the owner of the car at the time of the loss/accident, he did not have insurable interest over the car at the time Mr. X took a comprehensive insurance over it.
Lesson: whenever there is transfer of ownership of the car under insurance, the transfer must be communicated to the insurance company, so that another policy, if the latter would consent thereto, would be issued under the name of the transferee.

if I may OT a little. this is the difference between life and property insurance. in life insurance, it is ENOUGH that you have insurable interest over the person insured at the time the contract of insurance is entered into. For example, Mr. X insured his wife for 5M. After 4 years of living together, his wife left him and caused the annulment of their marriage, later his ex-wife together with her new boyfriend died in a car accident. In this case, Mr. X can and will get the life insurance proceeds of her wife even if he is no longer the husband.

[jovz]

thanks po sir sana makaclaim kasi malaki po yun damage rear part po ng innova

[jovz]

thanks po sir sana makaclaim kasi malaki po yun damage rear part po ng innova, kahit po ba matagal na nabili yun sasakyan pwede pa rin po kya ipatransfer yun insurance

[_Qwerty_]

basta in force pa yung comprehensive insurance, all you need is a letter from the old owner to the insurance company mag issue lang sila nang letter na ni transfer na sayo..

[dr. d]

Ask the former owner to transfer the ownership of the policy to you sir. Madali Lang po. Tatawag lang nya sa insurance co. Regarding sa claim im not sure po policies nila but as long as naka enforce yun policy sa kotse i think you can claim pero dapar coordinate nyo sa old owner

can the transfer be effected simply by showing the insurance company the deed of sale?
years ago kasi, that's what i did... and i did..

[Juan Martinez]

can the transfer be effected simply by showing the insurance company the deed of sale?
years ago kasi, that's what i did... and i did..

it's all up to the insurance company. contract of insurance is a contract, and we all know that in a contract there must always be a meeting of minds between the contracting parties.

[_Qwerty_]

some insurance requires you to update the OR/CR kasi kung anong name don yun ang ilalagay nila..

can the transfer be effected simply by showing the insurance company the deed of sale?
years ago kasi, that's what i did... and i did..

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some insurance requires you to update the OR/CR kasi kung anong name don yun ang ilalagay nila..

can the transfer be effected simply by showing the insurance company the deed of sale?
years ago kasi, that's what i did... and i did..

[jovz]

sana po talaga may paraan pa

[SkyFlakes88]

can the transfer be effected simply by showing the insurance company the deed of sale?
years ago kasi, that's what i did... and i did..

This depends on the policies of the insurance co. If the insurance of your car is still in forced and if the co.permits it there won't be any problem but usually they require the go signal of the former owner.

There are cases kasi na yun former owner will cancel the insurance and get the pro rata rebate on the policy. Meaning d po nya sinama yun insurance sa pagbili nyo nang kotse.

[dr. d]

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This depends on the policies of the insurance co. If the insurance of your car is still in forced and if the co.permits it there won't be any problem but usually they require the go signal of the former owner.

There are cases kasi na yun former owner will cancel the insurance and get the pro rata rebate on the policy. Meaning d po nya sinama yun insurance sa pagbili nyo nang kotse.

mighty indecent of him!

[SkyFlakes88]

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mighty indecent of him!

Not so sir. When buying a car usually the insurance coverage is an option if the sellers will declare it to the buyer. If not then he can just cancel the insurance and get back the premium at pro rata rate from the co.

It's the seller's right sir nothing wrong with it.

[dr. d]

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Not so sir. When buying a car usually the insurance coverage is an option if the sellers will declare it to the buyer. If not then he can just cancel the insurance and get back the premium at pro rata rate from the co.

It's the seller's right sir nothing wrong with it.

it is just that, some people, me included, assume it is part of the sale. call it innocence. but if the seller does intend to cancel the insurance and refund his pro-rated premium and not mention it to the buyer, i call that indecent.

[SkyFlakes88]

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it is just that, some people, me included, assume it is part of the sale. call it innocence. but if the seller does intend to cancel the insurance and refund his pro-rated premium and not mention it to the buyer, i call that indecent.

Well some feel that way sir but what you're buying is the car not the insurance that comes with it because the owner paid for the car also without insurance and opted to have it insured thus also has to pay for the premium. Therefore the insurance really does not come with the car except of course for the TPL which is required by the law.

When we are buying a 2nd hand car we normally don't expect it to be fully insured in the first place sir do we. As i have said it is an option of the seller and a bonus for the buyer.

[jovz]

ano po yun tinatawag na LOA

[_Qwerty_]

Line/Letter of Authority.. this is what the car insurance issues to the casa / repair shop.. this guarantee the shop that the insurance will pay the costs of repair as stated in the LOA... so hanggang walang LOA hindi sisimulan ang repair..

[jovz]

ah parang ibig po sabihin may tsansa na insurance yun magbabayad, after po nito ano na po sunod na step

[jovz]

ano nga po uli kaya reasons pag po surplus parts ang ipapalit sa nabanggang piyesa sa halip na brand new po

[_Qwerty_]

ilang taon na ang sasakyan??

pag more than 3 years na, may depreciation na pag brand new parts.. ibig sabihin may portion na yung owner ang magbabayad.. pag surplus.. walang depreciation.. sagot lahat nang insurance..

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ilang taon na ang sasakyan??

pag more than 3 years na, may depreciation na pag brand new parts.. ibig sabihin may portion na yung owner ang magbabayad.. pag surplus.. walang depreciation.. sagot lahat nang insurance..