Total Loss Process - What to expect?

[yubby24]

Ayun so borderline total loss na nga daw unit namin mga 1.8 years palang siya.
Ano masasuggest nyo guys? tuloy na total loss or parepair pa if ever possible?

May nakaexperience na ba ng natotal loss tapos kumuha ulit ng auto loan with the same bank?

Ipa-total loss mo na lang at kuha ka na lang ng bago ulit for the peace of mind. Kung ganyang borderline total loss na, kahit pa magawa yan at mapatakbo ulit, hindi natin alam kung lahat nga ba ng sire eh naayos ng mabuti.

[dr. d]

Ayun so borderline total loss na nga daw unit namin mga 1.8 years palang siya.
Ano masasuggest nyo guys? tuloy na total loss or parepair pa if ever possible?

May nakaexperience na ba ng natotal loss tapos kumuha ulit ng auto loan with the same bank?

total loss.
get a replacement car with the settlement money.

fixing the old car...
it probably won't be the same.... either physically, structurally, functionally, or psychologically.
we also had some experience.

[_Qwerty_]

magkano worth nung car? baka lugi ka pa lalo na kung naka loan for 5 years..

[ArjAngel]

magkano worth nung car? baka lugi ka pa lalo na kung naka loan for 5 years..

mga 1.2 namin nakuha, 4 years to pay, about 1.8yrs na ung age ng vehicle ngayon.

total loss.
get a replacement car with the settlement money.

fixing the old car...
it probably won't be the same.... either physically, structurally, functionally, or psychologically.
we also had some experience.

pano ba nadedetermine yung current price? sila (insurance) ba unang magooffer ng value?

[dr. d]

mga 1.2 namin nakuha, 4 years to pay, about 1.8yrs na ung age ng vehicle ngayon.




pano ba nadedetermine yung current price? sila (insurance) ba unang magooffer ng value?

from what i understand,
if it is total loss, the maximum receive-able amount is the maximum amount indicated in the contract.
but these guys are skilled in utilizing depreciation to an art, in further lessening the receivable amount.
bottomline, "it's haggling time!".

also, if owner spent loads of money to load up on accessories but did not reflect these on the insurance, the insurance sure as hades won't cover them.

[ArjAngel]

actually dilemma ko din is if kukuha ako ng bagong unit after matotal loss marereset yung auto loan ko, another 4 years while if paparepair ko is resume lang current payment tama ba? assuming makakuha ulit ako ng bago sa value na bibigay ng insurance, sa bank daw nila didirect, if may sobra pa, yun yung makukuha ko.

sa mga nakakuha sa insurance usually ba enough yung binibigay nila to apply for another auto loan?

at kinocover ba ng insurance yung storage fee if total loss?

[_Qwerty_]

lagyan natin nang figures..

for example:

SRP nang sasakyan = 1M
down 20% (200T), 5 years loan = 18T a month monthly amortization for 5 years
total payout to the bank after 5 years = 18T x 60 = 1.08M

1.8 years = 20 months x 18T = 360T
Total cash out to date = 200T + 360T = 560T

2nd year value as per insurance = 910T (10% depreciation)

Total Loss = Insurance will give bank 910T
Bank Balance = 720T (40 months)
Bank will give you back = 910T - 720T = 190T less 2T participation = 188T

*560T na nailabas mo then 188T babalik nang bank, so talo ka nang 372T

actually dilemma ko din is if kukuha ako ng bagong unit after matotal loss marereset yung auto loan ko, another 4 years while if paparepair ko is resume lang current payment tama ba? assuming makakuha ulit ako ng bago sa value na bibigay ng insurance, sa bank daw nila didirect, if may sobra pa, yun yung makukuha ko.

sa mga nakakuha sa insurance usually ba enough yung binibigay nila to apply for another auto loan?

at kinocover ba ng insurance yung storage fee if total loss?

[ArjAngel]

lagyan natin nang figures..

for example:

SRP nang sasakyan = 1M
down 20% (200T), 5 years loan = 18T a month monthly amortization for 5 years
total payout to the bank after 5 years = 18T x 60 = 1.08M

1.8 years = 20 months x 18T = 360T
Total cash out to date = 200T + 360T = 560T

2nd year value as per insurance = 910T (10% depreciation)

Total Loss = Insurance will give bank 910T
Bank Balance = 720T (40 months)
Bank will give you back = 910T - 720T = 190T less 2T participation = 188T

*560T na nailabas mo then 188T babalik nang bank, so talo ka nang 372T

Salamat po sa computation sir! Tingin niyo ok lang na parepair namin? per casa repairable naman siya, di naman daw tinamaan engine.
Di rin ako sure saan nagbase ang insurance baka sa repair price, about 480k worth na kasi kaya siguro dinedeclare na borderline total loss.

may nakaexperience na ba na pinili na parepair instead of total loss claim?

[_Qwerty_]

pag ni repair kasi hindi lang naman engine ang concern.. yung safety nung chasis (kung tinamaan).. alignment nang mga gulong, etc.

for peace of mind I suggest pa total loss mo na lang and moved on.. get a new car..

Salamat po sa computation sir! Tingin niyo ok lang na parepair namin? per casa repairable naman siya, di naman daw tinamaan engine.
Di rin ako sure saan nagbase ang insurance baka sa repair price, about 480k worth na kasi kaya siguro dinedeclare na borderline total loss.

may nakaexperience na ba na pinili na parepair instead of total loss claim?

[dct]

Salamat po sa computation sir! Tingin niyo ok lang na parepair namin? per casa repairable naman siya, di naman daw tinamaan engine.
Di rin ako sure saan nagbase ang insurance baka sa repair price, about 480k worth na kasi kaya siguro dinedeclare na borderline total loss.

may nakaexperience na ba na pinili na parepair instead of total loss claim?

Really not worth it. Isipin mo parang chop chop na ang sasakyan mo. Not really that safe. Tapos maiinis ka lang like may sabit pag nagsasara ng pinto kasi di talaga nila makukuha ang alignment. And etc etc..

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[sirkosero]

Really not worth it. Isipin mo parang chop chop na ang sasakyan mo. Not really that safe. Tapos maiinis ka lang like may sabit pag nagsasara ng pinto kasi di talaga nila makukuha ang alignment. And etc etc..

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In short, expect mo na parang taxi na ride qualiy ng kotse mo.

Tapos workmanship issues talaga problema

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[ajarnel.perez]

In short, expect mo na parang taxi na ride qualiy ng kotse mo.

Tapos workmanship issues talaga problema

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Mga sir gusto ko lang po sanang mag seek ng advice, we were involved in a vehicular accident last day, and 24 hours palang yung age ng car. Bali yung car po namin ang may kasalanan, nabangga po namin ang dumptruck. If ganya po ang nangyari like it's the drivers fault wala naba kaming makukuha sa insurance? Or like mas mag-less bayong makukuha namin kasi kami yung may kasalanan sa aksidenti?
Hoping for your kindest replies. Thank you

[dr. d]

Mga sir gusto ko lang po sanang mag seek ng advice, we were involved in a vehicular accident last day, and 24 hours palang yung age ng car. Bali yung car po namin ang may kasalanan, nabangga po namin ang dumptruck. If ganya po ang nangyari like it's the drivers fault wala naba kaming makukuha sa insurance? Or like mas mag-less bayong makukuha namin kasi kami yung may kasalanan sa aksidenti?
Hoping for your kindest replies. Thank you

unless the contract specifically dis-allows for self-fault, it should be the same, po, whoever was at fault.

[_Qwerty_]

basta comprehensive insurance.. sagot yan nang insurance kahit sino may kasalanan.

Mga sir gusto ko lang po sanang mag seek ng advice, we were involved in a vehicular accident last day, and 24 hours palang yung age ng car. Bali yung car po namin ang may kasalanan, nabangga po namin ang dumptruck. If ganya po ang nangyari like it's the drivers fault wala naba kaming makukuha sa insurance? Or like mas mag-less bayong makukuha namin kasi kami yung may kasalanan sa aksidenti?
Hoping for your kindest replies. Thank you

[dct]

basta comprehensive insurance.. sagot yan nang insurance kahit sino may kasalanan.

Basta hindi lasing or naka droga ha..

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[dr. d]

at balido ang lisensiya nung nangyari ang nangyari.

[Jayr024]

unless the contract specifically dis-allows for self-fault, it should be the same, po, whoever was at fault.

Mga boss sino naka experience dito na bago ideclare or lumabas ang evalution ng insurance pnahatak or inilabas ang unit para mas mabilis ang pag gawa at cash settlement? Natatakot ako gilid lang tama ng sskyan ko lumabas airbag pero baka dw total loss kaya gusto ko pullout at sa labas ko ipagawa. Any idea mga boss?

[dr. d]

Mga boss sino naka experience dito na bago ideclare or lumabas ang evalution ng insurance pnahatak or inilabas ang unit para mas mabilis ang pag gawa at cash settlement? Natatakot ako gilid lang tama ng sskyan ko lumabas airbag pero baka dw total loss kaya gusto ko pullout at sa labas ko ipagawa. Any idea mga boss?

i would wait for the insurance adjuster's verdict, before i do anything.
after all, "binayaran ko yang insurance na yan. in all likelihood, participation fee lang ang ibabayad ko for the repair."

pag pinagalaw nyo sa ibang "un-authorized repair facility", your insurance might not pay for anything.

[sirkosero]

Mga boss sino naka experience dito na bago ideclare or lumabas ang evalution ng insurance pnahatak or inilabas ang unit para mas mabilis ang pag gawa at cash settlement? Natatakot ako gilid lang tama ng sskyan ko lumabas airbag pero baka dw total loss kaya gusto ko pullout at sa labas ko ipagawa. Any idea mga boss?

Bakit ka naman matatakot? Kaya ka nga nagbayad ng insurance para sa mga ganyan eh

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[cast_no_shadow]

Mga boss sino naka experience dito na bago ideclare or lumabas ang evalution ng insurance pnahatak or inilabas ang unit para mas mabilis ang pag gawa at cash settlement? Natatakot ako gilid lang tama ng sskyan ko lumabas airbag pero baka dw total loss kaya gusto ko pullout at sa labas ko ipagawa. Any idea mga boss?

Alin ang nakakatakot?

Bakit pinaayos/pinagalaw mo agad? Wala pa pala advise ang insurance mo to proceed.

If declared total loss it means mas malaki yung cost ng repair if ipapagawa pa.

Mukhang sa ginawa mo mas magiging kumplikado claim mo.

Usually pag malaki ang damage ilan inspection at dismantling yan nung adjuster to check and account all the damages vs the estimate of repair.

Are we missing something? May takot ka ba na ma denied claim mo?


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