Reviews on Mercantile Insurance Co. Inc.

**MC14_** · September 19th, 2019 02:08 PM

Hi guys 1st time car owner here sino po ba dito insured with Mercantile Insurance Co.? can you please give feed backs as of now I consider them for the reasons below. But what I am trying to know is your actual experiences getting claims and assistance from them.

I consider them for this following reasons,

1. Premium relatively cheaper than others
2. Deductibles can be waved 3 times in 1 year which is applicable to any casa or non casa repair shops
3. Cost of deductibles is 2000 also cheaper than others.

Thank you guys in advance.

**_Qwerty_** · September 19th, 2019 02:12 PM

u need to find out how long for them to release LOA, and also inquire at your casa if they are accredited and if they are paying on time.. otherwise, casa will hold your car if they are not paying on time.

**Sebastian Bach** · September 19th, 2019 03:04 PM

Originally Posted by MC14_

Hi guys 1st time car owner here sino po ba dito insured with Mercantile Insurance Co.? can you please give feed backs as of now I consider them for the reasons below. But what I am trying to know is your actual experiences getting claims and assistance from them.

I consider them for this following reasons,

1. Premium relatively cheaper than others
2. Deductibles can be waved 3 times in 1 year which is applicable to any casa or non casa repair shops
3. Cost of deductibles is 2000 also cheaper than others.

Thank you guys in advance.

Mukang sa moneymax galing yang quotation na yan sir ah hehe

I have the same question

**kaidemitsui** · October 22nd, 2019 11:28 PM

Up. Nagpa quote dn ako sa moneymax and mercantile din ang may best offer.

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**Lakwatsero** · October 23rd, 2019 01:12 AM

Speaking of moneymax, I tried them recently for this year's insurance. They quoted me Mercantile and Mapfre, with near identical premiums. Difference was deductible or participation fee. Mercantile 2k, Mapfre 3k.

Did a quick fb search for Mercantile, read a lot of bad feedback like delayed releasing of LOAs, not sure if it's all 100% real.

Mapfre on the other hand was recommended by my sales agent. Supposedly swift LOA processing and big plus is tied up with my dealer. Downside is the higher deductible.

I suggest you ask around FB, something might come up. Also double check the insurance provider if your casa is accredited by them. Not all are accredited afaik.

**kaidemitsui** · October 24th, 2019 06:45 PM

Yep. Puro bad reviews nabasa ko for mercantile and SGI. Di ako tumuloy.

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**Little Missy** · October 24th, 2019 09:54 PM

I also got Mafre from Moneymax.

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**kaidemitsui** · October 25th, 2019 02:27 AM

Mapfre din inoffer sken ng moneymax. Pro ang baba ng coverage for my 5 yr old car.
Mercantile, 405k * 8.8k prem
Mapfre, 285k * 6.7k prem

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**Little Missy** · October 25th, 2019 03:22 AM

Originally Posted by kaidemitsui

Mapfre din inoffer sken ng moneymax. Pro ang baba ng coverage for my 5 yr old car.
Mercantile, 405k * 8.8k prem
Mapfre, 285k * 6.7k prem

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My 8 yo car is at 290k for 7.1K with them.
At hindi malayo ang quote sa Mercantile at same deductible of 2k kaya nag Mafre nako.

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**Lakwatsero** · October 25th, 2019 03:34 PM

Originally Posted by kaidemitsui

Mapfre din inoffer sken ng moneymax. Pro ang baba ng coverage for my 5 yr old car.
Mercantile, 405k * 8.8k prem
Mapfre, 285k * 6.7k prem

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Flexible naman sila afaik. Nagawa ko yun sa mapfre ko this year. Try to request increased coverage to match the competing quote for an even comparison.