Total Loss Process - What to expect?

**Wh1stl3r** · July 18th, 2018 01:08 PM

A friend's Ranger was declared total loss. It formed a shoehorn on an electric post. Engine was still ok but the whole body was beyond repair.

Afaik as long as cost of repair (if possible) is greater than insured cost, total loss na yun.

**_Qwerty_** · July 18th, 2018 01:42 PM

yes it will take months.. baka mabilis na yung 6 months..

**19michele** · July 18th, 2018 06:53 PM

*Wh1stl3r thanks sa reply. Yung akin Kasi ok pa engine nya. Pero Ang body nya ay almost lahat may major dents. Malaki kaya repair cost Ng body kapag palit lahat Yun?

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**19michele** · July 18th, 2018 06:55 PM

*_Qwerty_ omg napaka tagal Naman 6 months. Sana maawa naman sila. Tagal Naman nun. Pero okay na siguro ganyan katagal as long as total Loss. Ayoko na Kasi Ng repair eh, Wala nako tiwala sa body integrity Ng car.

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**glenn_duke** · July 18th, 2018 07:42 PM

Originally Posted by 19michele

Hello everyone...any idea? Ito po ba ay total loss or for repair? Kung total loss what amount possible ko na makuha? 10minth old car palang sya..own damege..complete ko na requirement ko.kakapasa ko lang sa insurance Ng claim, last July 13, till now Wala pa updates... Malayan Insurance pala kinuha ko premium..how about sa medical expenses clain ano Ang requirements? Need your insights guys. How to attach photos here?

Naka experience na ako ng total loss, sa Charter Ping An insurance, pag umabot na ng 75% ng insured value yung repair estimate, pwede ng ipa total loss, kasi may possibility na may sira pa na hindi nakita sa estimate. 3 months after the release of the final repair estimate saka ako nabayaran, nagtagal dun sa adjuster at sa casa kung i total loss o repairable pa. In my case wrecked yung engine bay, hindi na umaandar yung makina. In total, 6 months from day of accident ang tinagal bago ako nabayaran. Ang binayad sa akin ay yung insured amount na nasa policy dineduct yung participation at depreciation, prorated sa months from issuance ng policy.

May Malayan Insurance din ako sa isa kong sasakyan, nag file ako ng own damage claim last May, hanggang ngayon wala pang feedback, second parang limited yung casa na accredited ang Malayan.

Sa itsura ng Fortuner mo, mukhang na idrive mopa pauwi, baka mahirapan kang ipa total loss kung walang major damage ang engine, kausapin mo lang yung adjuster.

**19michele** · July 18th, 2018 07:52 PM

Originally Posted by glenn_duke

Naka experience na ako ng total loss, sa Charter Ping An insurance, pag umabot na ng 75% ng insured value yung repair estimate, pwede ng ipa total loss, kasi may possibility na may sira pa na hindi nakita sa estimate. 3 months after the release of the final repair estimate saka ako nabayaran, nagtagal dun sa adjuster at sa casa kung i total loss o repairable pa. In my case wrecked yung engine bay, hindi na umaandar yung makina. In total, 6 months from day of accident ang tinagal bago ako nabayaran. Ang binayad sa akin ay yung insured amount na nasa policy dineduct yung participation at depreciation, prorated sa months from issuance ng policy.

May Malayan Insurance din ako sa isa kong sasakyan, nag file ako ng own damage claim last May, hanggang ngayon wala pang feedback, second parang limited yung casa na accredited ang Malayan.

Sa itsura ng Fortuner mo, mukhang na idrive mopa pauwi, baka mahirapan kang ipa total loss kung walang major damage ang engine, kausapin mo lang yung adjuster.

Sir Glenn, naka usap ko kanina Yung manager Ng Insurance Co. Kasama daw sya sa pag inspect Ng adjuster, at magsasama din daw sya agent from the casa. She told me na it looks like total Loss na daw. Nung makuha pala Yung car from actual incident pagkatayo Ng sasakyan Mula sa pagkakataob ay Hindi sya umandar, pina pump muna nila yung sa may engine bago umandar. Pagka check ko Naman sa wheel alignment ay parang Hindi na sya aligned. I'm worried po about my unit.

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**19michele** · July 18th, 2018 07:52 PM

Originally Posted by 19michele

Sir Glenn, naka usap ko kanina Yung manager Ng Insurance Co. Kasama daw sya sa pag inspect Ng adjuster, at magsasama din daw sya agent from the casa. She told me na it looks like total Loss na daw. Nung makuha pala Yung car from actual incident pagkatayo Ng sasakyan Mula sa pagkakataob ay Hindi sya umandar, pina pump muna nila yung sa may engine bago umandar. Pagka check ko Naman sa wheel alignment ay parang Hindi na sya aligned. I'm worried po about my unit.

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11 months old palang po Ang Fortuner.

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**glenn_duke** · July 18th, 2018 08:21 PM

Originally Posted by 19michele

Sir Glenn, naka usap ko kanina Yung manager Ng Insurance Co. Kasama daw sya sa pag inspect Ng adjuster, at magsasama din daw sya agent from the casa. She told me na it looks like total Loss na daw. Nung makuha pala Yung car from actual incident pagkatayo Ng sasakyan Mula sa pagkakataob ay Hindi sya umandar, pina pump muna nila yung sa may engine bago umandar. Pagka check ko Naman sa wheel alignment ay parang Hindi na sya aligned. I'm worried po about my unit.

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Cash or financing ba yung fortuner mo? remember kung financing yan, RCBC? Uunahing bayaran ng insurance yung banko, yung sobra yun lang mapupunta sa iyo. In most cases yung balance is not even enough to cover yung DP at yung 11 months na amortization mo.

Kung cash mo binili fort, titingnan ng insurance adjuster yung salvage value ng unit mo, then yung cost nila sa total loss claim mo, kung saan sila kikita o lesser cost to them duon sila.
At the end of the day, hindi mo makukuha yung full amount na ginastos mo sa pagbili nung fortuner.

And prepare yourself, sa total loss claim, aabutin ng 6 months yan bago ka mabayaran.

**19michele** · July 18th, 2018 08:34 PM

Originally Posted by glenn_duke

Cash or financing ba yung fortuner mo? remember kung financing yan, RCBC? Uunahing bayaran ng insurance yung banko, yung sobra yun lang mapupunta sa iyo. In most cases yung balance is not even enough to cover yung DP at yung 11 months na amortization mo.

Kung cash mo binili fort, titingnan ng insurance adjuster yung salvage value ng unit mo, then yung cost nila sa total loss claim mo, kung saan sila kikita o lesser cost to them duon sila.
At the end of the day, hindi mo makukuha yung full amount na ginastos mo sa pagbili nung fortuner.

And prepare yourself, sa total loss claim, aabutin ng 6 months yan bago ka mabayaran.

Cash po sya. Ano po Yung Salvage Value? Wala po Kasi ako idea sa Salvage Value, may depreciation po ba agad Ang unit kahit 11 months old palang? Okay lang total Loss, as long as good deal Ang amount na makukuha ko, bale sa mag expire na insurance ko next month. Wala Naman ba magiging problem sa akin?

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**glenn_duke** · July 18th, 2018 08:44 PM

Originally Posted by 19michele

Cash po sya. Ano po Yung Salvage Value? Wala po Kasi ako idea sa Salvage Value, may depreciation po ba agad Ang unit kahit 11 months old palang? Okay lang total Loss, as long as good deal Ang amount na makukuha ko, bale sa mag expire na insurance ko next month. Wala Naman ba magiging problem sa akin?

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Salvage Value yun yung kikitain ng insurance kung ibebenta nila "as is where is" yung unit mo, or kung ipapa repair nila outside sa casa and then resell it.
Sa 11 months wala pang depreciation yan, pero may participation kana. Wala namang dahilan para i renew mopa yung insurance mo sa unit na total loss,
you made the claim naman while your insurance is still active.

Look at your policy, the insured amount minus the participation, more on less, yan dapat matanggap mo.