total loss or possible repair?

**zirkel** · February 5th, 2015 02:32 PM

Originally Posted by Yuki13

^ok yan ah, you get the car and the cash.

do you really want to repair the car? IMO spend the cash on a brand new unit

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^ok yan ah, you get the car and the cash.

do you really want to repair the car? IMO spend the cash on a brand new unit

cos im imagining na maliit lang makukuha kong pera because of depreciation. wala akong preference, but i wanna know lang saang option can i get the most benefit.

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Originally Posted by Yuki13

^ok yan ah, you get the car and the cash.

do you really want to repair the car? IMO spend the cash on a brand new unit

- - - - - - - - - - - - - - - - - - - - - -

^ok yan ah, you get the car and the cash.

do you really want to repair the car? IMO spend the cash on a brand new unit

cos im imagining na maliit lang makukuha kong pera because of depreciation. wala akong preference, but i wanna know lang saang option can i get the most benefit.

**zirkel** · February 5th, 2015 02:34 PM

Originally Posted by _Qwerty_

ilang % sagot nang insurance?? may depreciation na yan.. plus participation..

pinproblema ko yung pagpapaayos kasi kung sa casa ipagawa, magbabayad ako ng participation fee sa casa plus 30% ng amount ng new parts na ipapalit nila.

kung sa accredited shop ng insurance company ko naman ipagawa, pag surplus parts ang ipapalit nila, wala na kong babayaran.

so iniisip ko kung mas makakamura ba ako kung ipadeclare kong total loss. in which case bibigyan ako ng cash ng insurance which is amount insured (420,000) minus the salvage value. tapos ako ang magkikeep ng car ayon sa insurance policy.

**nhiecah_nice29** · February 5th, 2015 04:09 PM

Originally Posted by zirkel

pinproblema ko yung pagpapaayos kasi kung sa casa ipagawa, magbabayad ako ng participation fee sa casa plus 30% ng amount ng new parts na ipapalit nila.

kung sa accredited shop ng insurance company ko naman ipagawa, pag surplus parts ang ipapalit nila, wala na kong babayaran.

so iniisip ko kung mas makakamura ba ako kung ipadeclare kong total loss. in which case bibigyan ako ng cash ng insurance which is amount insured (420,000) minus the salvage value. tapos ako ang magkikeep ng car ayon sa insurance policy.

Sir may LOA ka na ba for total loss? kasi po ang alam ko aside from salvage value i-minus din yung partcipation fee mo.

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Originally Posted by zirkel

pinproblema ko yung pagpapaayos kasi kung sa casa ipagawa, magbabayad ako ng participation fee sa casa plus 30% ng amount ng new parts na ipapalit nila.

kung sa accredited shop ng insurance company ko naman ipagawa, pag surplus parts ang ipapalit nila, wala na kong babayaran.

so iniisip ko kung mas makakamura ba ako kung ipadeclare kong total loss. in which case bibigyan ako ng cash ng insurance which is amount insured (420,000) minus the salvage value. tapos ako ang magkikeep ng car ayon sa insurance policy.

Sir may LOA ka na ba for total loss? kasi po ang alam ko aside from salvage value i-minus din yung partcipation fee mo.

**kimbon** · February 5th, 2015 04:24 PM

Originally Posted by zirkel

pinproblema ko yung pagpapaayos kasi kung sa casa ipagawa, magbabayad ako ng participation fee sa casa plus 30% ng amount ng new parts na ipapalit nila.

kung sa accredited shop ng insurance company ko naman ipagawa, pag surplus parts ang ipapalit nila, wala na kong babayaran.

Ano ba ang insurance mo? pagka alam ko karamihan ng isurance company ay accredited ng mga casa. bat ka magbabayad ng 30% sa replaced parts eh compre naman insurance mo? tama ba? whatever nasirang parts during accident ay wala kang dapat bayaran except participation fee lang unless may exception clause sa insurance policy mo

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Originally Posted by zirkel

pinproblema ko yung pagpapaayos kasi kung sa casa ipagawa, magbabayad ako ng participation fee sa casa plus 30% ng amount ng new parts na ipapalit nila.

kung sa accredited shop ng insurance company ko naman ipagawa, pag surplus parts ang ipapalit nila, wala na kong babayaran.

Ano ba ang insurance mo? pagka alam ko karamihan ng isurance company ay accredited ng mga casa. bat ka magbabayad ng 30% sa replaced parts eh compre naman insurance mo? tama ba? whatever nasirang parts during accident ay wala kang dapat bayaran except participation fee lang unless may exception clause sa insurance policy mo

**Yuki13** · February 5th, 2015 04:37 PM

^5 years na yung jazz ni sir kaya may additional 30% participation sa pyesa.

**ka_omeng** · February 5th, 2015 04:58 PM

Sir pwede mag ask kung pano ka nabangga? May bumangga ba?

**cast_no_shadow** · February 5th, 2015 09:44 PM

same dilemma before car is already 6 years old nung nabangga still in compre insurance.

We got offered 2 options:

You get the car + an amount

Insurance get your car in exchange for the insured amount minus yung deductibles.

We opted to get the insured amount, hassle magpagawa ng malaking damage. Kaya nga even the insurance is declaring it as total loss sila.

Malaki pa yung amount ng damage sa value ng kotse.

Eto offer pala nahalukay ko pa hehe

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**robgowild** · February 5th, 2015 10:21 PM

Compute mo sir how much aabutin ng salvage value na idededuct sa amount insured mo. Kung less than 100k go for it. Then pa ayos mo nalang yung car with surplus parts tapos benta mo. Ang laki din kasi ng 30% na depreciation na babayaran mo sa parts eh kung ipapaayos mo and kung surplus naman for sure wala pang 1 year meron na lalabas na problem sa car mo.

In my exprience before kasi I opted for surplus parts to be installed para participation nalang bayaran ko. I still end up replacing some of those parts with brand new after 8 months. So after nun naisip ko sana brand new nalang kinuha ko para kahati insurance sa cost ng bagong part.

**sirkosero** · February 5th, 2015 10:34 PM

Originally Posted by zirkel

no, my insurance policy says that i get to keep the car. tapos ang makukuha ko is sum insured (420,000 pesos) minus salvage value.

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no, my insurance policy says that i get to keep the car. tapos ang makukuha ko is sum insured (420,000 pesos) minus salvage value.

too good to be true... you keep the car and get the money. hope you clear this with them and have everything documented and signed.

usually the insurance pays you and because they "bought" the car from you, this becomes their property.

**robgowild** · February 5th, 2015 10:36 PM

If you want to retain the car, another option would be to carefully assess which parts to be repaired, replaced by surplus and which to be replaced by brand new parts to ensure na good condition pa din yung car. Pag dating naman sa labor shoulder ng insurance.