Seasons Greetings and Happy New Year to all!
This is a very important announcement to all our readers and customers alike, crucial as well for the renewal customers of comprehensive car insurance until March 2012. Because there will be a 50% incre
ase in premium on Third Party Property Damage! Yes that is a huge amount of increase! According
to the memo provided, this increase will take effect starting January 2, 2012 for new businesses (meaning new customers to comprehensive insurance) and effective March 2012 for the renewal businesses. So for the new customers who wants to change insurance companies or agents, better do it now until December 29,2012 to catch up with the current premiums. And for my existing customers that will expire up to March 31, 2012, please give me a GO signal to renew your policies immediately to get the current premiums!
As much as i wanted to maintain the affordable rates that
i have provided you, in cases like this where in Memos and Circular is coming from the Insurance Commission and PIRA, i can’t do anything but follow. For sure what they did is for the benefit of the greater public. All of my Insurance principals are members of PIRA. Here are the memos provided for your perusal and information:
Insurance Commissions Letter-click to see in PDF.
PIRA Cir.Rates on VTPL.PD cover.dec.05.2011-click to see in PDF.
Complete TPPD Tariff– click to see in PDF.