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  1. Join Date
    Oct 2009
    Posts
    249
    #1
    Mga sir ask ko lang yung offer kasi sa akin for total loss is fare market value less participation, dadagdagan back nila ng VAT yun?

  2. Join Date
    Oct 2002
    Posts
    15,528
    #2
    alam ko non-vat yun kasi hindi naman sila ang magbabayad.
    check din yung policy mo.

  3. Join Date
    Sep 2005
    Posts
    15,326
    #3
    may depreciation pa yan.. so fare market value less depreciation less participation.

  4. Join Date
    Mar 2011
    Posts
    31
    #4
    Fair Market value or Current Market Value is the prevailing selling price of your car in the market. Depreciation I think, is already netted out in the equation, meaning considered or deducted na yung depreciation sa Fair Market Value. Insurance claims are VAT exempt I believe.

  5. Join Date
    Oct 2011
    Posts
    26,787
    #5
    Isn't it the premium that you pay for the amount insured of your vehicle, yan na susundin ng price pag total loss? e.g. Php500,000 ung own damage/theft premium that you pay is Php5K.

  6. Join Date
    Sep 2005
    Posts
    15,326
    #6
    yes yan yung masusunod tapos binabawas nila yung depreciation so they end up paying for the current fair market value..

    Quote Originally Posted by Retz View Post
    Isn't it the premium that you pay for the amount insured of your vehicle, yan na susundin ng price pag total loss? e.g. Php500,000 ung own damage/theft premium that you pay is Php5K.

  7. Join Date
    Oct 2009
    Posts
    249
    #7
    Thanks sir sa reply, kasi insured amount is 420k, offer nila is 350k less 2k sa participation, Bali total is 348k, worry ko lang baka pag release na ng check dagdagn ng deduction

  8. Join Date
    Mar 2005
    Posts
    2,237
    #8
    Question po kung insured siya ng 420k pero 350k lang ibibigay kung total loss, paano ma papakinabangan yung insured amount? Lets say kung na wreck yung car and if you opt to have it repaired? Or if may third party ka na na involve sa accident yun lang yung pinaka limit niya?

  9. Join Date
    Oct 2011
    Posts
    26,787
    #9
    Quote Originally Posted by _Qwerty_ View Post
    yes yan yung masusunod tapos binabawas nila yung depreciation so they end up paying for the current fair market value..

    Sir, bakit may bawas pa? dapat ung insured amount yan na ung depreciated value kasi binayaran mong pemium is based on that insured amount. make sense ba?

  10. Join Date
    Nov 2005
    Posts
    2,372
    #10
    Quote Originally Posted by nyvlem View Post
    Thanks sir sa reply, kasi insured amount is 420k, offer nila is 350k less 2k sa participation, Bali total is 348k, worry ko lang baka pag release na ng check dagdagn ng deduction
    sir double check your policy. kung ang insured amount is 420k dapat 420k less participation fee.

    bakit? kasi yan ung value na inasess nila for your car kaya hindi ka dapat pumayag na 350K, dapat diyan ang maleless lang is yung participation fee.

    tama si Sir Retz, pwede mong ilaban yan. hindi na issue ang depreciation kasi (1) may assessed value na yan at (2) ung policy mo is un yung value (depreciated) na.

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