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  1. Join Date
    Sep 2019
    Posts
    8
    #1
    Hi guys 1st time car owner here sino po ba dito insured with Mercantile Insurance Co.? can you please give feed backs as of now I consider them for the reasons below. But what I am trying to know is your actual experiences getting claims and assistance from them.

    I consider them for this following reasons,

    1. Premium relatively cheaper than others
    2. Deductibles can be waved 3 times in 1 year which is applicable to any casa or non casa repair shops
    3. Cost of deductibles is 2000 also cheaper than others.



    Thank you guys in advance.

  2. Join Date
    Sep 2005
    Posts
    14,766
    #2
    u need to find out how long for them to release LOA, and also inquire at your casa if they are accredited and if they are paying on time.. otherwise, casa will hold your car if they are not paying on time.

  3. Join Date
    Jun 2015
    Posts
    267
    #3
    Quote Originally Posted by MC14_ View Post
    Hi guys 1st time car owner here sino po ba dito insured with Mercantile Insurance Co.? can you please give feed backs as of now I consider them for the reasons below. But what I am trying to know is your actual experiences getting claims and assistance from them.

    I consider them for this following reasons,

    1. Premium relatively cheaper than others
    2. Deductibles can be waved 3 times in 1 year which is applicable to any casa or non casa repair shops
    3. Cost of deductibles is 2000 also cheaper than others.



    Thank you guys in advance.
    Mukang sa moneymax galing yang quotation na yan sir ah hehe

    I have the same question

  4. Join Date
    Feb 2015
    Posts
    174
    #4
    Up. Nagpa quote dn ako sa moneymax and mercantile din ang may best offer.

    Sent from my ASUS_Z00AD using Tapatalk

  5. Join Date
    May 2016
    Posts
    540
    #5
    Speaking of moneymax, I tried them recently for this year's insurance. They quoted me Mercantile and Mapfre, with near identical premiums. Difference was deductible or participation fee. Mercantile 2k, Mapfre 3k.

    Did a quick fb search for Mercantile, read a lot of bad feedback like delayed releasing of LOAs, not sure if it's all 100% real.

    Mapfre on the other hand was recommended by my sales agent. Supposedly swift LOA processing and big plus is tied up with my dealer. Downside is the higher deductible.

    I suggest you ask around FB, something might come up. Also double check the insurance provider if your casa is accredited by them. Not all are accredited afaik.

  6. Join Date
    Feb 2015
    Posts
    174
    #6
    Yep. Puro bad reviews nabasa ko for mercantile and SGI. Di ako tumuloy.

    Sent from my ASUS_Z00AD using Tapatalk

  7. Join Date
    Aug 2018
    Posts
    3,555
    #7
    I also got Mafre from Moneymax.

    Sent from my HUAWEI VNS-L31 using Tapatalk

  8. Join Date
    Feb 2015
    Posts
    174
    #8
    Mapfre din inoffer sken ng moneymax. Pro ang baba ng coverage for my 5 yr old car.
    Mercantile, 405k * 8.8k prem
    Mapfre, 285k * 6.7k prem

    Sent from my ASUS_Z00AD using Tapatalk

  9. Join Date
    Aug 2018
    Posts
    3,555
    #9
    Quote Originally Posted by kaidemitsui View Post
    Mapfre din inoffer sken ng moneymax. Pro ang baba ng coverage for my 5 yr old car.
    Mercantile, 405k * 8.8k prem
    Mapfre, 285k * 6.7k prem

    Sent from my ASUS_Z00AD using Tapatalk
    My 8 yo car is at 290k for 7.1K with them.
    At hindi malayo ang quote sa Mercantile at same deductible of 2k kaya nag Mafre nako.

    Sent from my HUAWEI VNS-L31 using Tapatalk

  10. Join Date
    May 2016
    Posts
    540
    #10
    Quote Originally Posted by kaidemitsui View Post
    Mapfre din inoffer sken ng moneymax. Pro ang baba ng coverage for my 5 yr old car.
    Mercantile, 405k * 8.8k prem
    Mapfre, 285k * 6.7k prem

    Sent from my ASUS_Z00AD using Tapatalk
    Flexible naman sila afaik. Nagawa ko yun sa mapfre ko this year. Try to request increased coverage to match the competing quote for an even comparison.

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