𝐁𝐞𝐭𝐡𝐞𝐥 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐑𝐨𝐥𝐥𝐬 𝐎𝐮𝐭 𝐏𝐚𝐲𝐨𝐮𝐭𝐬 𝐟𝐨𝐫 𝐓𝐨𝐭𝐚𝐥 𝐋𝐨𝐬𝐬 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬 𝐇𝐢𝐭 𝐛𝐲 𝐓𝐲𝐩𝐡𝐨𝐨𝐧 𝐓𝐢𝐧𝐨
𝐁𝐞𝐭𝐡𝐞𝐥 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐑𝐨𝐥𝐥𝐬 𝐎𝐮𝐭 𝐏𝐚𝐲𝐨𝐮𝐭𝐬 𝐟𝐨𝐫 𝐓𝐨𝐭𝐚𝐥 𝐋𝐨𝐬𝐬 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬 𝐇𝐢𝐭 𝐛𝐲 𝐓𝐲𝐩𝐡𝐨𝐨𝐧 𝐓𝐢𝐧𝐨 Bethel General Insurance and Surety Corporation has released more than ₱12 million in payouts to policyholders whose vehicles were declared total losses after Typhoon Tino. The Cebu regional office processed the first claims, with additional releases scheduled in the coming weeks. Floodwaters rose unexpectedly in many areas, submerging cars past dashboard level. At that point, repairs are no longer practical. “Once water reaches the dashboard, the engine and systems are compromised. Repair costs exceed the car’s value,” said Regional Head Jecelyn Casquejo. A resident in Consolacion town recalled crying as her nearly paid-off car was towed away. “I did not expect floodwaters to rise so high,” she said. Having insurance allowed her to recover its value. Friends without coverage, she added, “sold severely damaged vehicles at rock-bottom prices—on...
