Total Loss Process - What to expect?

[dr. d]

Insurance pays the bank kung naka loan. Kung sobra ang bayad ng insurance, yun mapupunta sa owner.

Kapag kulang ang bayad ng insurance, owner pays the difference sa bank

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kung mamalasin,
yung bangko was able to recoup much of its investment,
while the car "owner" has literally zero.

[Biermeister]

Hello everyone,

Update lang. So, pinapaassess na ni casa yung damage sa insurance and mukhang total loss talaga siya. Although ok naman yung makina (amazing din pala talaga makina ni hyundai), bumigay naman ata yung ECU. Di mapin point kung ano yung prob pero overall di talaga magagamit yung car.

Any idea po how much yung affidavit for damaged vehichle? Someone told me 1.5k daw. Totoo ba?

Thank you!


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[dr. d]

Hello everyone,

Update lang. So, pinapaassess na ni casa yung damage sa insurance and mukhang total loss talaga siya. Although ok naman yung makina (amazing din pala talaga makina ni hyundai), bumigay naman ata yung ECU. Di mapin point kung ano yung prob pero overall di talaga magagamit yung car.

Any idea po how much yung affidavit for damaged vehichle? Someone told me 1.5k daw. Totoo ba?

Thank you!


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mura lang ang affidavit! ilang daan lang.

but why are you tasked with producing it?
hindi ba, yung nag-evaluate ng sasakyan ang dapat magbigay niyan?

[Biermeister]

mura lang ang affidavit! ilang daan lang.

but why are you tasked with producing it?
hindi ba, yung nag-evaluate ng sasakyan ang dapat magbigay niyan?

Yun nga, tumawag kasi sakin yung casa, tapos need ko daw isubmit yon. Plano ko sana ASAP iprocess para if ok lahat, baka makukha ako ng new unit.


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[dr. d]

Yun nga, tumawag kasi sakin yung casa, tapos need ko daw isubmit yon. Plano ko sana ASAP iprocess para if ok lahat, baka makukha ako ng new unit.


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"who made the inspection of the damaged car?"

[Biermeister]

"who made the inspection of the damaged car?"

Nakakalito talaga actually. Baka makipag-usap nalang muna ako bukas regarding this. Pero hopefully maging ok na to ASAP kasi ang hirap ng transpo dito samen. [emoji24]


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[17Sphynx17]

Nakakalito talaga actually. Baka makipag-usap nalang muna ako bukas regarding this. Pero hopefully maging ok na to ASAP kasi ang hirap ng transpo dito samen. [emoji24]


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Yung pinagdalhan na talyer/casa is either Hyundai ba mismo or approved talyer ng insurance?

Tsaka tama din sinabi nila.

Bakit ikaw magsusulat ng affidavit? Gusto nila ikaw magcertify na total loss na yung kotse? Labo naman nun.

Anu sabi ng insurance mo? Alam ko hindi mo nga dapat kinakausap yung talyer at yung insurance kausap mo kasi sila makikipagdeal sa talyer kung anung sabi. (Correct me if I am wrong here).

[cast_no_shadow]

Baka naman notarized affidavit of what happened sa incident? Instead of police report kaya affidavit ang hinihingi ng insurance.


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[Biermeister]

Yung pinagdalhan na talyer/casa is either Hyundai ba mismo or talyer insurance?

Tsaka tama din sinabi nila.

Bakit ikaw magsusulat ng affidavit? Gusto nila ikaw magcertify na total loss na yung kotse? Labo naman nun.

Anu sabi ng insurance mo? Alam ko hindi mo nga dapat kinakausap yung talyer at yung insurance kausap mo kasi sila makikipagdeal sa talyer kung anung sabi. (Correct me if I am wrong here).

Yung sasakyan is nasa casa mismo. Sila nagcontact kay AXA, tapos yun yung advise daw ni insurance - magsubmit daw ako ng affidavit, OR/CR, license etc.


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[Biermeister]

Baka naman notarized affidavit of what happened sa incident? Instead of police report kaya affidavit ang hinihingi ng insurance.


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I think, yan yung hinahanap. So Affidavit of Damage to Vehicle po diba?


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[cast_no_shadow]

Yung sasakyan is nasa casa mismo. Sila nagcontact kay AXA, tapos yun yung advise daw ni insurance - magsubmit daw ako ng affidavit, OR/CR, license etc.


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I think, yan yung hinahanap. So Affidavit of Damage to Vehicle po diba?


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Yes basically yan ang requirements to claim. Wala ka ata police report kaya notarized affidavit will do.


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[Biermeister]

Yes basically yan ang requirements to claim. Wala ka ata police report kaya notarized affidavit will do.


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Sige, magkano kaya to usually? Baka may idea ka sir. [emoji16]


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[17Sphynx17]

Yung sasakyan is nasa casa mismo. Sila nagcontact kay AXA, tapos yun yung advise daw ni insurance - magsubmit daw ako ng affidavit, OR/CR, license etc.


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Okay. Gets na. So affidavit lang to narrate na nabaha yung kotse.

Pero nung unang dinala weird lang na hindi pa hiningi sa iyo yung mga yan. Usually pag wala mga yan, no touch si casa sa kotse mo muna kasi hindi nila makakausap si insurance dahil walang docs. But I guess since bago, in house insurance sila ng Hyundai nung binili mo? Kaya pwede madefer yung docs nung una. Ngayon lang kelangan na.

Ang affidavit is notary lang binabayad mo. kung swerte ka sa notary, 150php or less. Kung malas, minimum 500php. kahit san ka naman pwede magpanotary.

yung affidavit, paminsan may sample format yung insurance policy mo, or macheck mo naman online. Pero hindi ito aabot ng libo. Sobrang garapal na ng kausap mo kung libo hiningi e nagpapanotarize ka lang ng affidavit mo.

[Biermeister]

Okay. Gets na. So affidavit lang to narrate na nabaha yung kotse.

Pero nung unang dinala weird lang na hindi pa hiningi sa iyo yung mga yan. Usually pag wala mga yan, no touch si casa sa kotse mo muna kasi hindi nila makakausap si insurance dahil walang docs. But I guess since bago, in house insurance sila ng Hyundai nung binili mo? Kaya pwede madefer yung docs nung una. Ngayon lang kelangan na.

Yes po, in house si AXA sa kanila. [emoji846]


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[dr. d]

Yung sasakyan is nasa casa mismo. Sila nagcontact kay AXA, tapos yun yung advise daw ni insurance - magsubmit daw ako ng affidavit, OR/CR, license etc.


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i think that they are asking you to submit your affidavit of the events.
you will have to make a kuwento of what happened and why your car drowned. this narration is then notarized by you at your expense (mura lang, pexman!), and submitted to the insurance.
you are also asked to submit the OR CR and your driver's license.
the casa is the one who will communicate to the insurance provider, as to the condition of the car, kung total loss nga.

[Biermeister]

i think that they are asking you to submit your affidavit of the events.
you will have to make a kuwento of what happened and why your car drowned.
you are also asked to submit the OR CR and your driver's license.
the casa is the one who will communicate to the insurance provider, as to the condition of the car, kung total loss nga.

Exactly [emoji16]


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[Biermeister]

Hello again

After 1 month, ngayon pa nakapagsubmit "daw" si casa sa insurance ng quote. Mga 400k+ daw yata. When I called the insurance naman wala pa daw nasubmit, baka nasa claims department pa daw. (Ganon po ba talaga yun? Or baka nagsinungaling yung casa sakin? Haha)

Anyway, if total estimated cost ng repair is 400k, possible kaya na total loss na? Yung ibang parts, sa korea pa daw ioorder. Malamang, tatagal pa talaga to mga next year ko na makukuha yung car. Until now nagbabayad pa naman ako sa bank. Walang palya kahit hindi ko nagagamit. May way kaya para mastop muna yung payment?

Thank you again!


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[tarzegetakizerd]

Hello again

After 1 month, ngayon pa nakapagsubmit "daw" si casa sa insurance ng quote. Mga 400k+ daw yata. When I called the insurance naman wala pa daw nasubmit, baka nasa claims department pa daw. (Ganon po ba talaga yun? Or baka nagsinungaling yung casa sakin? Haha)

Anyway, if total estimated cost ng repair is 400k, possible kaya na total loss na? Yung ibang parts, sa korea pa daw ioorder. Malamang, tatagal pa talaga to mga next year ko na makukuha yung car. Until now nagbabayad pa naman ako sa bank. Walang palya kahit hindi ko nagagamit. May way kaya para mastop muna yung payment?

Thank you again!


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Kung 400k lang yung quote price nila, edi hindi pa din total loss. Hindi naman siguro close to 400k yung insured value nung reina

"In insurance claims, a total loss or write-off is a situation where the lost value, repair cost or salvage cost of a damaged property exceeds its insured value, and simply replacing the old property with a new equivalent is more cost-effective. Such a loss may be an "actual total loss" or a "constructive total loss" "

[Biermeister]

Kung 400k lang yung quote price nila, edi hindi pa din total loss. Hindi naman siguro close to 400k yung insured value nung reina

"In insurance claims, a total loss or write-off is a situation where the lost value, repair cost or salvage cost of a damaged property exceeds its insured value, and simply replacing the old property with a new equivalent is more cost-effective. Such a loss may be an "actual total loss" or a "constructive total loss" "

Sabi kasi nung taga casa, if 75% daw nung total amount insured baka itotal loss nila. Pero grabe ang tagal. Gusto ko nalang matapos. Haha


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[Biermeister]

Hello again [emoji3]

So casa called me today and asked me to submit a letter with my signature on it, stating why the claim was filed late. It will be submitted daw sa insurance.

Normal ba to?? Parang ang weird kasi sila naman cause kung bakit matagal yung claim. Halos every other day nga ako tumatawag kung nakapag file na ba sila. Tapos sabi, still finalizing daw sa prices. Last week hindi ako nakatawag kasi nabusy ako sa work. Monday this week lang ata sila nakapagfile kasi tumawag ako ulit, which is more than a month na since the incident happened.

Sino na nakaexperience ng ganito? Para kasing pinapasa sa akin yung blame if ever hindi makaclaim ng insurance. Need ko na ba magseek ng help sa abogado?

Thanks! [emoji846]


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