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-   -   Car Insurance (https://www.expatforum.com/expats/philippines-expat-forum/1422602-car-insurance.html)

magsasaja 31st March 2018 02:59 AM

Car Insurance
 
Have just read another thread and after looking at similar past threads, it seems many expats dont bother with proper car insurance.

Like Hogrider said it is none of my business, however accidents do happen every day and you could be faced with a bill that goes into the millions. A Filipino friend of ours was involved in a accident that wasn't her fault and the hospital bill came to 3.2 million pesos. Without proper insurance the other driver would have had to pay from their own pocket or probably would have spent a considerable amount of time in jail.

We own and run several small businesses here in the Philippines and all of our vehicles are comprehensively insured. I can do anywhere between 50 and 100k per year and although the roads are crazy at times, i am glad that am fully covered. Sure i could save over 100k a year, but in my opinion it just wouldn't be worth the risk, as even good drivers do make mistakes.

Touch wood, we have only ever had to make one claim and the vehicle was unattended at the time. The whole process was surprisingly simple and the car was fixed within 2 weeks.

None of us can predict the future, but taking a gamble and losing in the Philippines could be life changing and i recommend you look into getting proper insurance. :)

Zep 31st March 2018 03:38 AM

I would be interested in the "Liability" or "3rd Party Liability" limits on some of the members insurance policies. I can't find anything by googling other than it seems like 200k pesos was a standard policy amount.

In my mind having only a 200K (plus 100K required insurance) limit would not be enough and I might as well self insure at that limit.

JRB__NW 31st March 2018 06:31 AM

I went through this when I bought my car. The compulsory liabiity is only 100,000, or $2000. That's a joke, and not going to do much if someone is hurt. I managed to get extra coverage as follows:
1 million excess bodily injury
1 million 3rd party property damage
250K for Personal Accident coverage (medical probably)
And of course Collision and Theft for car value.

This coverage is still not enough, in my opinion, being a fraction of what I carry in the US, and considering the risks here, but it's the most coverage I could get from my agent. She said higher coverage was not available. I pay just under14K a year for that policy.

magsasaja 31st March 2018 07:54 AM

Extra coverage is the way to go and even though companies dont do a no claims bonus, you can still negotiate a deal.
Own damage, collision, theft and acts of god (!) car value.
Excess Bodily injury 1.5 million
3rd party property damage 1.5
Auto passenger 1 million
Also unnamed passengers 250,000 each for 4 passengers.

If i was ever in accident that caused actual bodily harm, i at least know the insure company will have to deal with the claim. Dealing with it personally is likely to cost a whole lot more if they think you have money.

Zep 31st March 2018 08:22 AM

So I can probably afford 14k to 20k per year for the car insurance but what happens if I am not the driver which might be 50% of the time.

I am pretty sure it will not be valid if my nephew or brother in-law uses it. If the car is in my wife's name can the injured go after her(owner of vehicle) in court even though she was not the driver?

Gary D 31st March 2018 11:44 AM

A lot of 3rd party claims are down to what the 3rd party can afford to pursue. Coach drivers are told that if they run someone down run over them twice as a funeral is cheaper than a hospital.

Hey_Joe 31st March 2018 01:23 PM

Quote:

Originally Posted by Gary D (Post 14241738)
A lot of 3rd party claims are down to what the 3rd party can afford to pursue. Coach drivers are told that if they run someone down run over them twice as a funeral is cheaper than a hospital.

True. Happens all the time.

Two years ago my wife was in Manila shopping with some friends. They witnessed a large truck accidently strike a beautiful looking office worker. When others were screaming at the driver about her laying, injured in the street, he repeatedly backed over her until she was no longer responsive (dead) because the cost of her funeral was cheaper than life long medical care.

Missouri Bob 31st March 2018 10:49 PM

Quote:

Originally Posted by Hey_Joe (Post 14242434)
True. Happens all the time.

Two years ago my wife was in Manila shopping with some friends. They witnessed a large truck accidently strike a beautiful looking office worker. When others were screaming at the driver about her laying, injured in the street, he repeatedly backed over her until she was no longer responsive (dead) because the cost of her funeral was cheaper than life long medical care.

It seems like with the prevalence of cell phones someone would be recording this. I would think the driver would be charged with something like first degree murder.

Gary D 31st March 2018 11:46 PM

Quote:

Originally Posted by Missouri Bob (Post 14243202)
It seems like with the prevalence of cell phones someone would be recording this. I would think the driver would be charged with something like first degree murder.

Only if the family can afford it, there's no state verses in the Philippines.

JRB__NW 1st April 2018 04:05 PM

Quote:

Originally Posted by Hey_Joe (Post 14242434)
True. Happens all the time.

Two years ago my wife was in Manila shopping with some friends. They witnessed a large truck accidently strike a beautiful looking office worker. When others were screaming at the driver about her laying, injured in the street, he repeatedly backed over her until she was no longer responsive (dead) because the cost of her funeral was cheaper than life long medical care.

I find that hard to believe. Not questioning you personally, but how would they know he did it on purpose? Perhaps he was unaware that he hit her. It sounds more like Filipino drama and exaggeration to me. I'm not saying it didn't happen, I just find it hard to believe anyone could or would murder an injured person like that and not face consequences. Something doesn't make sense in that story. And no, I don't think it happens "all the time", even in the Philippines, with the callous disregard for life.


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