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Settling A Car Accident Claim Using LOA Insurance

When you purchase a car in the Philippines, one of the important things that you should do is purchase insurance. Car insurance will protect your vehicle from any man-made or natural calamities, such terrorist attacks, riots, theft, cyclone, earthquake and hurricane. It will act like a great friend it times of crisis. Since the insurance covers the losses made in an accident, it can save you from paying out a huge amount of money out of your pocket. For more tips on how to claim on car insurance policy in the Philippines, visit our website at https://ichoose.ph/

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Settling A Car Accident Claim Using LOA Insurance

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  1. Settling A Car Accident Claim Using LOA Insurance

  2. Settling A Car Accident Claim Using LOA Insurance • When you purchase a car in the Philippines, one of the important things that you should do is purchase insurance. Car insurance will protect your vehicle from any man-made or natural calamities, such terrorist attacks, riots, theft, cyclone, earthquake and hurricane. It will act like a great friend it times of crisis. Since the insurance covers the losses made in an accident, it can save you from paying out a huge amount of money out of your pocket. • When claiming on your car insurance policy, you have to prepare your claims documents. It is imperative that you complete the checklist before you proceed to submit it to your broker or the insurance company. You need to make sure that the documents are complete because submitting incomplete documents can result into delays. For the record of the claims of all insurance providers in the Philippines, day one starts after complete claims documents have been submitted.

  3. Settling A Car Accident Claim Using LOA Insurance • There are various important documents you need to prepare when claiming on your car insurance. One of them is photocopy of relevant documents, including insurance policy and its official receipt, vehicle OR and CR, and driving license. You also need to submit a police report and photos of the vehicle insured. In the absence of a police report, an affidavit of the accident is needed. Both documents should be notarized. The photos of the insured vehicles should include the damaged or stolen part, including the plate number or registration number of the car. These details will help the claim adjust in identifying the insured vehicle. • Once these documents are submitted, a good claims adjuster should be able to settle the claim between 1 to 3 days. Letters of Authority, or LOA insurance can help in settling this claim, or it can be settled in cash.

  4. Settling A Car Accident Claim Using LOA Insurance • For more tips on how to claim on car insurance policy in the Philippines, visit our website at https://ichoose.ph/

  5. Settling A Car Accident Claim Using LOA Insurance

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