Best Car Insurance – Mercantile Insurance Co

 

When it comes to car insurance, Mercantile Insurance Corporation stands out as a reliable provider that offers comprehensive coverage and exceptional service. With over 50 years of experience in the non-life insurance industry, Mercantile Insurance has become a trusted name for both retail and corporate accounts. This article will provide an in-depth review of Mercantile insurance co, highlighting its key features, benefits, rates, claims process, and additional services offered.

 

Features of Mercantile Insurance co

Mercantile Insurance Corporation takes pride in its personalized services and strategic headquarters located in key cities throughout the Philippines. With a strong presence and a network of over 70 accredited repair shops, Mercantile Insurance ensures convenience and accessibility for its customers. Here are some key features of Mercantile car insurance:

• 10 Years Of Casa Eligibility: Mercantile Insurance provides casa eligibility for up to 10 years, allowing customers to enjoy the benefits of their insurance coverage even for older vehicles.
• 77 Casa Repair Shops: With an extensive network of accredited repair shops, Mercantile Insurance ensures that customers can easily find reliable and authorized service centers for their vehicles.
• P 2,000 Deductible: Mercantile car insurance offers a low deductible of only P2,000, making it more affordable for customers to file claims and receive the necessary coverage.
• 3 Waived Deductibles: In a year, Mercantile Insurance allows customers to waive their deductible three times, providing added flexibility and cost savings.
• P 5,000,000 Maximum Total Sum Insured: With a high maximum total sum insured, Mercantile Insurance ensures that customers are adequately protected against significant financial losses in the event of accidents or damages.

Reviewing Mercantile Insurance Co 

Mercantile car insurance offers a wide range of coverage options for various types of vehicles, including cars, motorcycles, scooters, buses, mobiles, motorhomes, trailers, and road-building equipment. The coverage extends beyond ownership and usage, encompassing vehicle maintenance and protecting against risks such as own damage, theft, Acts of Nature, as well as strikes, riots, and civil commotions.

One of the standout advantages of Mercantile car insurance is its affordability. Compared to other insurance providers, Mercantile offers relatively cheaper insurance premiums, making it an attractive option for cost-conscious customers. The deductible amounts are also reasonable, and the option to waive deductibles three times a year provides additional savings.

However, it is important to note that if you opt for comprehensive coverage with additional benefits, the premiums may be higher. Additionally, delays in claims processing can occur, especially when further reviews and evaluations are necessary to ensure accurate and fair claim settlements.

 

Mercantile Insurance co Rates

To provide you with an idea of the rates offered by Mercantile car insurance, here are sample insurance premium quotations for popular car brands and models in the Philippines:

Car Brand and Model	Mercantile Insurance Rates for cars
Hyundai Accent	₱12,915/Year
Mitsubishi Mirage G4	₱14,940/Year
Honda City	₱12,016/Year
Toyota Wigo	₱13,259/Year
Toyota Vios	₱18,634/Year

Please note that the rates mentioned above are based on 2020 vehicles and are subject to change. It’s always recommended to request specific rates for your vehicle from Mercantile Insurance or consult with an insurance expert to get accurate and up-to-date information.

Why Choose Mercantile Insurance for your Car Insurance?

Choosing the right car insurance provider is crucial to ensure that you receive the best coverage and value for your money. Here are some reasons why Mercantile car insurance might be the right choice for you:

• Reputation and Experience: With over 50 years of experience in the non-life insurance industry, Mercantile Insurance has built a strong reputation as a trusted leader, providing customers with reliable and comprehensive coverage.
• Convenient Access: Mercantile Insurance has offices in key cities throughout the Philippines, making it easier for customers to access their services. Additionally, with a wide network of over 70 accredited repair shops, customers can conveniently find authorized service centers for their vehicles.
• Affordability: Mercantile car insurance offers competitive premiums and reasonable deductibles, ensuring that customers can afford the coverage they need without breaking the bank.

How to Get Cheap Car Insurance from Mercantile Insurance

Securing affordable car insurance from Mercantile Insurance is a straightforward process. Follow these steps to get a quote and insure your vehicle with Mercantile:

1. Visit the Mercantile Insurance website or partner platforms like Moneymax.
2. Click on the “Get Free Quote” button located at the top of the page.
3. Provide the required information, including your car’s brand, model, year, variant, and vehicle type.
4. Enter your name, email address, and contact number.
5. Agree to the terms and conditions.
6. If applicable, enter a promo code.
7. Review the details you provided and click “Apply.”
8. Expect a call from a Moneymax representative within a few hours to assist you further.

By following these steps, you can quickly obtain a Mercantile car insurance quote and protect your vehicle with reliable coverage.

How to File a Mercantile Insurance Claim

In the unfortunate event of an accident or damage to your vehicle, Mercantile Insurance has a streamlined claims process. Here are the steps to file a claim:

1. Review your car insurance policy to understand the inclusions and exclusions.
2. Gather all the necessary documents, including a police report, an accomplished insurance claim form, pictures of the damaged parts of your vehicle, a car repair estimate, a photocopy of your driver’s license with the official receipt (OR), and a photocopy of your certificate of vehicle registration with the MVRR number.
3. Email all the required documents to claims@moneymax.ph.
4. The claims experts at Moneymax will assist you throughout the process and work with Mercantile Insurance to facilitate a faster claims process.
5. Mercantile Insurance will evaluate the damage to your vehicle and, upon approval, issue a Letter of Authorization (LOA) for you to have your car repaired at one of their accredited repair shops.

Note that the claims process may vary depending on the type of claim. It is always recommended to consult with the claims experts and follow their guidance to ensure a smooth and efficient claims experience.

 

Other Services Offered by Mercantile Insurance Co

In addition to car insurance, Mercantile Insurance provides a wide range of other insurance services to meet various needs. Here are some of the services offered:

• Personal Accident / Travel Insurance: Protect yourself and your loved ones from accidents and unforeseen situations while traveling.
• Fire and Allied Perils Insurance: Safeguard your properties against accidental damage, natural calamities, and allied risks like theft, explosions, and riots.
• Engineering Insurance: Covering both Contract Works and Renewable Classes, Mercantile Engineering Insurance addresses various engineering concerns, including buildings, civil engineering projects, and industrial plants.
• Miscellaneous Casualty Insurance: This insurance provides additional coverage for workmen’s compensation, crime, liability, and personal accident, ensuring comprehensive protection for businesses outside the fire or marine industry.
• Aviation Insurance: Offering full coverage for aviation-related risks, Mercantile’s Aviation Insurance protects against hull losses, passenger injuries, and incidents involving third parties.
• Bond Insurance: Mercantile Bond Insurance provides financial guarantees to secure payments, interests, and principals, ensuring the safety of your finances.

By offering a diverse range of insurance services, Mercantile Insurance aims to cater to different needs and provide comprehensive coverage for individuals and businesses alike.

 

Conclusion on Mercantile Insurance Co

Mercantile Insurance Corporation is a trusted and reliable car insurance provider in the Philippines. With personalized services, strategic locations, and over 50 years of industry experience, Mercantile Insurance delivers quality coverage and exceptional customer service. Whether you’re looking for affordable rates, convenient access to repair shops, or additional insurance services, Mercantile Insurance has you covered. Consider Mercantile car insurance to travel worry-free and keep your vehicle secure while enjoying peace of mind on the road.