How long do you keep your car insured?

[cast_no_shadow]

OT: Don't you need at least one life insurance? It gets more expensive as you get older kasi. Very liquid ka kasi siguro pero sayang pa rin kung wala e,

I don't believe on such kasi. ang takot ko lang baka magsara yun insurer I'd rather save on my own, invest my money sa ibang bagay.

ooops OT again.

[_Cathy_]

^Last OT

Sunlife and Manulife seem stable naman. Hindi ako agent ha!

[mark_t]

OT

Ako nga wala ako life insurance hehe.

.

You probably have life insurance. A group life policy.
If you are employed and paying your SSS then you have a Modified Endowment Policy which is what SSS is.

30,000pesos life and pension for your wife.

[_Qwerty_]

diba 20T lang ang funeral benefit nang SSS?

You probably have life insurance. A group life policy.
If you are employed and paying your SSS then you have a Modified Endowment Policy which is what SSS is.

30,000pesos life and pension for your wife.

[kpy555]

As long as I own them...

[Bin Diesel]

Before hindi ako nagiinsureng sasakyan kasi puro 2nd hand lang. Pero sa kotse ko ngayon meron at buti na lang dahil nabangga ako last month and nasa lampas 100k din ang estimate sa damage, 3k lang ang sasagutin ko kaya malamang hangga't kotse ko ito insured na ito lagi.

[cast_no_shadow]

Before hindi ako nagiinsureng sasakyan kasi puro 2nd hand lang. Pero sa kotse ko ngayon meron at buti na lang dahil nabangga ako last month and nasa lampas 100k din ang estimate sa damage, 3k lang ang sasagutin ko kaya malamang hangga't kotse ko ito insured na ito lagi.

May 2012, Yung isang family car namin napaso ng comprehensive, a week later nirenew ko.

After two days binangga ng jeep, laki ng damage around 90k+

October 2012 self accident naman, ayun na total loss na sa laki ng damage hehe

Sulit!

[cast_no_shadow]

You probably have life insurance. A group life policy.
If you are employed and paying your SSS then you have a Modified Endowment Policy which is what SSS is.

30,000pesos life and pension for your wife.

OT:

GSIS member here.

No idea whats in store for me if ever kailanganin ko hehe..

[jansky]

pag declare as total loss.. paano to babayaran ng insurance company ung owner ng sasakyan?

[JohnM]

pag declare as total loss.. paano to babayaran ng insurance company ung owner ng sasakyan?

Check payable to the insured.

[Manilablock]

pag declare as total loss.. paano to babayaran ng insurance company ung owner ng sasakyan?

diba pag nabanga ang car mo at nag claim ka sa insurance, ung part na papalitan meron deduction due to depreciation.

kung insured ang car mo ng Php 500,000 pag total loss ba mag apply pa din ung depreciation?

[_Qwerty_]

kung more than 3 years na yung sasakyan.. papasok na yung depreciation..

diba pag nabanga ang car mo at nag claim ka sa insurance, ung part na papalitan meron deduction due to depreciation.

kung insured ang car mo ng Php 500,000 pag total loss ba mag apply pa din ung depreciation?

[Manilablock]

kung more than 3 years na yung sasakyan.. papasok na yung depreciation..

parang hindi fair para sa insured.

kasi ung car mo luma man yan, me mga parts na should have the same value as a bnew (sample ung glass, body panels, bumpers).

would you sell this parts at a lower cost for the purpose of replacing them with bnew parts?

[mark_t]

Since when should used parts should have the same value as brand new parts?

[boybi]

parang hindi fair para sa insured.

kasi ung car mo luma man yan, me mga parts na should have the same value as a bnew (sample ung glass, body panels, bumpers).

would you sell this parts at a lower cost for the purpose of replacing them with bnew parts?

Windshields walang depreciation. Participation lang babayaran mo if need to replace.
Not sure for other glass parts (windows, rear windshield).

Other parts of the car definitely may depreciation, depreciated na kasi old car mo.

[Retz]

ganyan talaga pag insurance if more than 3yrs na tsikot mo.... parang hati kayo ng insurance company sa pag bayad ng car parts kung may kailangan palitan.

[stickers]

kung more than 3 years na yung sasakyan.. papasok na yung depreciation..

After 3yrs pa ba mageffect yung depreciation? Dun sa insurance ko ngayon less 15% na agad yung insured value na binigay ng insurance. 2nd yr pa lang ng kotse ko.

Sent from my GT-I9300 using Tapatalk 2

[_Qwerty_]

depende siguro sa insurance yan.. yung sa akin eh from standard.. on the 3rd year going to 4th year pa papasok yung depreciation..

After 3yrs pa ba mageffect yung depreciation? Dun sa insurance ko ngayon less 15% na agad yung insured value na binigay ng insurance. 2nd yr pa lang ng kotse ko.

Sent from my GT-I9300 using Tapatalk 2

[qwertyqaz]

Hi! This is an old thread but rather than opening a new one, my questions will still fall under this subject.

We are already used to getting insurance for brand new cars and for cars less than 4 yrs. However, my father decided to grab an old 2004 Nissan Sentra 1.6 GSX M/T offer from my Tito (balikbayan and stays only a few months a year in the Philippines and they have several vehicles).

In short, hinog na hinog pa ang car and only 40k+ actual trip odometer (no tamper). Most of the time, hindi talaga nagagamit. Since they bought a new SUV, the Sentra could not fit the garage anymore and offered a very good price that even a GX would be put to shame Currently the insurance coverage is P100k CTPL up to September 2015 c/o MAFRE under my Tito's name.

My questions are:
1) Do we wait for September 2015 for a new coverage or get one immediately and under my father's name?
2) Is the Sentra limited to CTPL only? No other comprehensive option considering its more than a decade old?
3) Do we have any better options aside from MAFRE?

Thanks you in advance for your suggestions :-)

[SkyFlakes88]

Hi! This is an old thread but rather than opening a new one, my questions will still fall under this subject.

We are already used to getting insurance for brand new cars and for cars less than 4 yrs. However, my father decided to grab an old 2004 Nissan Sentra 1.6 GSX M/T offer from my Tito (balikbayan and stays only a few months a year in the Philippines and they have several vehicles).

In short, hinog na hinog pa ang car and only 40k+ actual trip odometer (no tamper). Most of the time, hindi talaga nagagamit. Since they bought a new SUV, the Sentra could not fit the garage anymore and offered a very good price that even a GX would be put to shame Currently the insurance coverage is P100k CTPL up to September 2015 c/o MAFRE under my Tito's name.

My questions are:
1) Do we wait for September 2015 for a new coverage or get one immediately and under my father's name?
2) Is the Sentra limited to CTPL only? No other comprehensive option considering its more than a decade old?
3) Do we have any better options aside from MAFRE?

Thanks you in advance for your suggestions :-)

Do you have the policy? Is it just CTPL? If it is and you want a full coverage then it's best to get one. Mapfre is also a good insurance co. If you want to try other companies then i would recommend Cibeles insurance my brother and wife is an agent. since i have been getting my insurance from them 15yrs and counting never had any claims problem with them.