M. Paterno Car Accident

I heard that San Juan, not Meralco, will take care of the post.

I had told Chips Villanueva that he would need to pay for depreciation.  Arpee Yson of Asia Insurance sent me this email:

Hi,

Schedule of depreciation are usually indivated in the policy, pls. review his policy and its clearly stated there, anyway the standard percentage are as follows;

Age of Vehicle                           Rate of Depreciation  for  brandnew parts

(share of the insured)

up to 3 years                                               nil

over 3 years up to 4 years                            20%

over 5 years up to 6 years                            25%

over 6 years up to 7 years                            35%

over 7 years                                                40%

Batteries, tires, ball joints, tie rods                45%

shock absorbers

Arpee

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