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Motorcycle Insurance Basics

I'm getting ready to buy my first motorcycle

What is the minimal required by law?

If I buy more extensive than the minimal, will I still have to do the "how injured are you" song and dance with them or will the insurance take care of all of it all?

What else do I need to know about Filipino insurance?

Are there any really good or really bad companies?

I will be in the Angeles City area.

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My wife's two taxi drivers have motorcycles for their personal transportation and they recommend FNAC for insurance. We have FNAC coverage on two taxis and our personal vehicle. We personally think FNAC is a good company based on our experience.

~ Gary McMurrain ~
LinP3 List Guide
Bacolod Area

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We own a couple cars and a motorcycle. We have minimum insurance on one car and one motorcycle 610 pesos and 710 pesos per year. Anything above minimum can be a paperwork headache.

If you're in an accident you have to leave your vehicle in the road till a PNP comes. If you're out of the city this could be several hours. After the PNP makes their assessment you have to go to the station and make your statement. This can take hours also. 24 hours later (M-F) you have to go to city hall and pay 50 to 75 pesos for a copy of the police report, they give you a receipt that you take back to the police station. The police person looks at your receipt and takes a form over to a typewriter and types up a report. You then take the report to your insurance representative to try and get them to fix your vehicle. The entire time all this is taking place you are normally far away from your place of residence and surrounded by the other person's relatives.

Rocky

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EXCELLENT reply Rocky, just the type of info I was looking for.

If one someone is injured, let's say scratched up, broken arm and goes to doctor, how is that handle? Do I need to pay and then try and recoup from my insurance?

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I have never tried to get my insurance to cover anything where I was at fault. I've never hit anyone. I've seen many get hit around here. The hitter usually takes them to the hospital, pays the bill, and they negotiate anything above. I've never asked anyone if they tried to go to their insurance to get a refund. The hospital rates for minor medical are normally less than $50 and the negotiations will normally be less than that.

Rocky

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"Rocky" wrote: "If you're in an accident you have to leave your vehicle in the road till a PNP comes." ==> Finally for an explanation for the really lame instances of massive traffic jams created due to minor fender bender accidents. I have often wondered why the parties just don't use their cell phone cameras to take a couple of pictures of the scene and  damage and then move to the side of the road where they are not blocking traffic and causing a major problem for everyone else. Even when the traffic police are there, I was curious as to why no one had enough sense to take some pictures and move out of the road. Apparently yet another instance of PI priorities in action - no one apparently cares about the inconvenience and lost time to the thousands of people tied up in traffic as a result of these accidents. One would think that this would be a priority for the traffic control drones and the police, but apparently not.

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I know nothing about insurance here. A year ago, my wife borrowed a new scooter from a cousin. While driving it late at night, my wife slammed into a tree and the scooter was a total loss. My wife was badly injured. I am sure the scooter was insured because it was new and bought on installments. My question is, did the insurance cover my wife's injuries? (Half a million pesos) I paid all medical bills but did not pay a peso for the scooter. Should I have?

Bob in Bataan

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Being involved in a traffic accident is not taken lightly in the Philippines, even among locals being involved. If serious injuries or a fatality occur, the driver at fault will be detained by the PNP at the police station.

It is difficult enough getting some of the insurance companies to pay after presenting official police reports and photos and you can forget about taking photos yourself and presenting those. Even if it is a fender bender, one must wait for the PNP to arrive and investigate. The vehicles involved cannot be moved until the PNP say they can. I don't know about all States but in Florida and in Alabama, they had the same procedure. Move your vehicle before the police arrive to investigate the accident and you can forget about an insurance claim being approved for payment.

There are often arguments between drivers as to who was at fault and I don't think it is so common that one will take full responsibility. Physical altercations happen sometimes, including bystanders and witnesses getting involved if their anger is worked up.

Some drivers only have 3rd party liability insurance and it does not pay one centavo for damages.

One of my wife's taxis was rear-ended about 10 days ago. The other driver claimed his brakes failed. The PNP arrived, took photos, wrote a report but both drivers had to go to the police station and a blotter was made about the accident. Due to the new DUI Law, both drivers were evaluated for alcohol influence but this was based on smell of alcohol, appearance, behavior and coordination. Neither had been drinking and it was not suspected for requiring further testing for alcohol or drugs.

To make a long story shorter, the driver at fault paid P19,000 out of his pocket for the new fender and the labor at the Toyota Dealership but he refused to pay my wife or the taxi driver for loss of income during the 4-5 days the taxi was out of commission. Sure, they had a case and could have filed it but it is not worth the hassle or worth creating an enemy.

~ Gary McMurrain ~
LinP3 List Guide
Bacolod Area

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Are there regs and insurance distinctions on scooters (50 cc or less) versus bigger bikes ? Here in the states in most areas I know of, under 50cc is a scooter and need not be registered though is wise to carry insurance. Anything specific to Negros / Bacolod in particular appreciated.

Todd

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I recently re-insured for the coming year. My company for 4 years has been Stronghold. A google search before choosing them turned up nothing negative. I've never made a claim; minor incidents have been cleared up satisfactorily on the road or the local police station. A perquisite is that the company will do the re-registration for me each year at the LTO. (When you buy a new bike, Honda will do it for you and provide insurance for one year.) I purchase the maximum coverage at about P2500, including registration fees. I don't know the minimum offhand; I would not consider purchasing the minimum liability. Please note that I live on an island in the Visayas. Neither would I consider driving any vehicle on Luzon--especially not in Angeles City or Metro Manila, where the police are often corrupt and hostile to foreigners. Drive carefully, and good luck. P.S. Do not buy one of the cheap bikes made in China. They are not worth it over the long run.

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Third party is the minimum requirement, if your buying a new bike it usually comes with free third party liability for 1 year. If buying second hand you can buy your insurance from the many brokers around any LTO office (third party or full cover).

I have a car and a bike, the car is insured thru BPI insurance (full cover) and is based only on the value of the car, the premium reduces every year in line with the value of the car. The insurance includes 24/7 breakdown cover and assistance should you have an accident. Had one minor breakdown already, a flat battery (my fault)got a service vehicle out within 2 hours.

The bikes insurance is thru BMW and is full insurance, again giving 24/7 breakdown cover. I will be changing to BPI when it expires.

Not had any accidents yet so cannot comment on the procedure required. The advice sheet from BPI in case of an accident is 1)Take pictures if possible, and draw a sketch showing position of both vehicles, 2)Exchange insurance details with the third party, 3) If possible remove the vehicles if causing an obstruction to traffic,4)Present your car for inspection at BPI a approved inspection centre.

Of course if there are any injured parties the police need to be involved, but if only vehicle damage no police attendance is required unless requested by either party in case of dispute.

The 24/7 breakdown cover is only applicable for vehicles up to 10 years old.

Mike.

 

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