Uploaded on Feb 11, 2021
A Look At The Procedure Of Claiming On Car Insurance Policy In The Philippines
A Look At The Procedure Of Claiming On Car Insurance Policy In The Philippines
A LOOK AT THE PROCEDURE OF CLAIMING ON CAR INSURANCE POLICY IN THE PHILIPPINES A LOOK AT THE PROCEDURE OF CLAIMING ON CAR INSURANCE POLICY IN THE PHILIPPINES LOA insurance is very important when you are claiming on car insurance policy. During this period, you need to prepare your claims documents. It is very crucial that you complete the checklist before submitting it to your agent or broker, or the insurance provider. Submitting incomplete documents can cause delays, which is something that you clearly do not want to see happen. A LOOK AT THE PROCEDURE OF CLAIMING ON CAR INSURANCE POLICY IN THE PHILIPPINES For the record of the claims department for all Filipino car insurance companies, the first day starts upon the submission of complete claims documents . Among the most important documents that you should prepare are photocopies of relevant documents, which include insurance policy and its official receipt, driver’s vehicle, vehicle OR, CR and so on. You also need to provide a police report or an affidavit of the accident, photos of the vehicles insured and a repair estimate. A LOOK AT THE PROCEDURE OF CLAIMING ON CAR INSURANCE POLICY IN THE PHILIPPINES Once you have submitted the required documents, a good claims adjuster working in a reputable insurance company should be able to settle the claim in a day or three. The duration of the settlement process can vary depending on the complexity of the claims. There are some claims that can take weeks, or even months to settle. A LOOK AT THE PROCEDURE OF CLAIMING ON CAR INSURANCE POLICY IN THE PHILIPPINES In case of a carnapped vehicle, you are supposed to report the incident to Camp Crame and the wait for at least three months to get a certificate of no recovery. In third party related claims, you need to submit a certificate of no claim. A LOOK AT THE PROCEDURE OF CLAIMING ON CAR INSURANCE POLICY IN THE PHILIPPINES After the Letter of Authority (LOA) has been released, you can go ahead and take your car to an auto repair shop or dealer to start the work. There are some claims that can be settled in cash. A LOOK AT THE PROCEDURE OF CLAIMING ON CAR INSURANCE POLICY IN THE PHILIPPINES For more information on the procedure of claiming on car insurance policy in the Philippines, visit our website at https://ichoose.ph/blogs/claim-car-insurance-policy/
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