Total Loss Coverage for 6 month old vehicle

[james00112233]

Mukhang mas ok pa ang insurance na BPI/MS when it comes to claiming as total loss. Yung Standard eh nag-issue pa yata ng statement sa news na tutulungan nila yung mga nasalanta ng bagyo tapos ganun lang pala yung gagawin nila sa mga clients nila...

[mark_t]

Mukhang mas ok pa ang insurance na BPI/MS when it comes to claiming as total loss. Yung Standard eh nag-issue pa yata ng statement sa news na tutulungan nila yung mga nasalanta ng bagyo tapos ganun lang pala yung gagawin nila sa mga clients nila...

Its Bank of the Philippine Islands- Mitsui Sumitomo

http://www.msilm.com/

http://www.bpims.com/index.asp

clients/agents/brokers should be particular on who is the partner of their insurance provider.

[mark_t]

* archie123456789 and compact - thank you for your tips and sharing your same experience. lesson learned BPI/MS na tlaga all my insurance - NEVER MAPFRE!!!!!!!!

it's a pity though that they even made a press release about MAPFRE Spain providing assistance to those afflicted by Ondoy by so so and Euros yet to their own clients they don't even give any consideration. If other insurance can provide total loss coverage esp to almost brand new vehicles, why can't they. I'm so sure they will be losing all the clients and all will be moving to BPI/MS.

*dieselNUBI - that's true. what MAPFRE did to save on the cost, they took our unit away from Hyundai Pasig withouth our permission and tasked Velocity Motors to clean the unit. All our cars are casa maintained so we were aghast to learn about Velocity doing the restoration. They returned the unit to Hyundai full of dents and scratches.

* bluejazz - i also have a car with standard insurance. I'm also seeking for total loss coverage since i heard it's too costly to repair a mazda 3, radio alone costs 55k. We're still in the process, but since it's 3 years old, I am not as eager to fight it compared with the practically brand new other car we have insured with MAPFRE.

*mark_t: per hyundai, 5 year warranty is voided. that's why we've been fighting for total loss for the car.

thank you all for your replies. Really appreciated.

Prepare yourself for a confrontation with your insurance co at

at the Insurance Commision. Voiding of the warranty should

be non negotiable.

[hammerhead2]

Prepare yourself for a confrontation with your insurance co at

at the Insurance Commision. Voiding of the warranty should

be non negotiable.

Mark, what do you mean by non-negotiable ang voiding ng warranty?

[hammerhead2]

Prepare yourself for a confrontation with your insurance co at

at the Insurance Commision. Voiding of the warranty should

be non negotiable.

Mark, what do you mean by non-negotiable ang voiding ng warranty?

[mark_t]

Mark, what do you mean by non-negotiable ang voiding ng warranty?

The vehicle is mortgaged so it should have a casa clause, only
HYundai should be repairing it so as not to void the warranty.

According to the owner the vehicle was pulled out of the Hyundai
Casa and serviced by an independent garrage practically voiding the warranty.
This action was not authorized by the owner and to some that will be stealing too.
If you ask the supreme court that will be theft. IMHO it is theft.
I would not agree to that so that is non negotiable,will you agree to that?

That Tucson comes with a 5year warranty and is another form of
financial protection for the owner.And now they lost that too and
not to their doing.

Without the 5 year warranty it is a total loss INMHO.

INMHO if they do decide to sue, they will win in their Theft and AOG cover.
Back to back pa.

[BingLim]

Thanks Mark. Funny, you know what Mapfre is now saying, they said they called us daw before they pulled out the unit and brought it Velocity (which they never did and which we would definitely not approve of as all our cars are casa maintained!). Having to deal with MAPFRE has been emotionally tiring for us. I can charge them big time for all the stress they brought us, the least you would have needed from an insurance company there to protect you. If they still will not give it us for total loss, we will see each other in court.

[Ramza]

guys pangit rin service sa FEDERAL PHOENIX , di na nga i-declare total loss yung totally submerged car mo babaratin pa yung palit ng parts mo. they do not really care for the safety of their clients, ang mahalaga sa kanila makatipid. balita ko nga madali kausap bpi/ms sa mga nasalanta ondoy. lesson learned. iwasan na natin ang mga walang malasakit na insurance company.

[Eddie Tan]

Hi. Good day.

Same with People's Insurance with my in-laws Altis 1.6 E, 9-months during Ondoy, fully submerged at Banaue area.

Was and is still being repaired by Toyota Pasong Tamo. Already past 4 months. Not yet completed.

We're insisting on FULL "reimbursement" for the P650,000 coverage from People's. They insisted on the repair. Not 70++% damage raw. Though Toyota Pasong Tamo did gave us a copy attesting the vehicle was a considered as flooded "level A" (roof level), they are not that insistent with People on our safety. (or maybe showing his expertise ??? at repair )

Hope - those of us, with almost similar situation, can do something together, to get a fair treatment from these inconsiderate insurance people.

ALL HELP will be appreciated.

[meledson]

Insurance is a business. Isa sa priority nila ay profit. I thik they will say that the safety is the casa's problem, not theirs.

But is the repair costs more than a brand new car. they will consider replacing.