My driver rear-ended a taxi earlier this morning. The taxi had to brake abruptly to avoid a speeding car that was counter-flowing in the opposite direction. Unfortunately my driver wasn't able to stop on time. Witnesses failed to get the license plate of the third car. So I guess we are left to shoulder the damages (big dent in rear bumper).

The taxi is a 1997 Nissan Sentra Series 3. The owner says he wants to replace the bumper and estimates that it will cost him P5000 including installation, painting, and labor.

Question is is this a fair deal?

Would really appreciate expert or knowledgeable opinions re this matter.

TIA.