Automotive

Ontario Survey: tow truck vultures & storage

  • Last Updated:
  • Oct 19th, 2015 12:53 pm
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Deal Guru
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Oct 6, 2010
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So, basically there should be no need for insurance and people would be more diligent if they knew there was no big payout coming. This would eliminate all forms of premiums, and the need for capping insurance company profits. Each person for themselves.
Deal Expert
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Nov 15, 2004
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Black cop takes bribe from tow truck driver and writes fake crash reports, 5 years paid vacation and then 5 years in prison.

White cop takes bribes from tow truck drivers and makes up street racing charges to impound people's cars and leave them at the side of the highway in dangerous conditions, 5 years paid vacation and just a warning not to do it again.

http://www.thestar.com/news/crime/2014/ ... arges.html

Interesting how that works.
Could HAVE, not could OF. What does 'could of' even mean?
Deal Guru
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Oct 6, 2010
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Piro21 wrote:
Sep 23rd, 2015 1:57 pm
Black cop takes bribe from tow truck driver and writes fake crash reports, 5 years paid vacation and then 5 years in prison.

White cop takes bribes from tow truck drivers and makes up street racing charges to impound people's cars and leave them at the side of the highway in dangerous conditions, 5 years paid vacation and just a warning not to do it again.

http://www.thestar.com/news/crime/2014/ ... arges.html

Interesting how that works.
Race. Right...

#whitelivesmattertooyouknow
Deal Addict
Sep 10, 2008
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Ottawa
koffey wrote:
Sep 23rd, 2015 1:47 pm
So, basically there should be no need for insurance and people would be more diligent if they knew there was no big payout coming. This would eliminate all forms of premiums, and the need for capping insurance company profits. Each person for themselves.
Sounds great, until the idiot who ran you over leaving you a paraplegic turns out to have a net worth of 38 cents. Good luck collecting anything from him.

"Getting your car fixed for free" is the least important reason to have insurance.
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CanuckGreg wrote:
Sep 23rd, 2015 2:11 pm
Sounds great, until the idiot who ran you over leaving you a paraplegic turns out to have a net worth of 38 cents. Good luck collecting anything from him.

"Getting your car fixed for free" is the least important reason to have insurance.
Why would I be run over? I'm not walking anywhere, I'm driving my H1. But to entertain your idea, having a net worth of .38 cents normally means you don't own a car. But how does this differ from today where a pedestrian is ran over or injured by someone with no insurance? Good luck collecting anything from him. I mean, come on right? Or are you going to say that my insurance will gladly pay out the wazoo for me, like they do for the car when I'm in an accident. Likely NOT.
Jr. Member
Sep 24, 2010
173 posts
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Toronto
As much as the insurance industry is guilty so are many of their customers. Insurance fraud is very high and many times they have to pay out."Yes someone stole my $5000 Gucci jacket, my new hockey equipment and my $8000 Rolex from my 1990 Civic. Reciept please? "Oh they were a gift." Though they are claimed under home insurance is still a loss they have to take. Then body shops pay tow truck drivers 10% to 15% commission on the damage for the car they bring in so $5000 claim can bring in $500 to $750 for the tow truck driver. Some shops will actual do more damage to up the claim payout. Windshield replacement another scam. They wanted to charge my ins co $900+ tax but when done without a claim paid $170 cash. The list off crooks is long and there are several players involved including police, doctors, specialists and lawyers.
Deal Addict
Sep 10, 2008
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Ottawa
koffey wrote:
Sep 23rd, 2015 2:18 pm
Why would I be run over? I'm not walking anywhere, I'm driving my H1. But to entertain your idea, having a net worth of .38 cents normally means you don't own a car. But how does this differ from today where a pedestrian is ran over or injured by someone with no insurance? Good luck collecting anything from him. I mean, come on right? Or are you going to say that my insurance will gladly pay out the wazoo for me, like they do for the car when I'm in an accident. Likely NOT.
Of course your auto insurance wouldn't cover you as a pedestrian. You'd sue that uninsured driver and the court would order his/her wages garnisheed.

But if you were t-boned by somebody and injured, your insurer would pay you out, then go after the driver.
Penalty Box
Apr 5, 2013
3862 posts
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markham
CanuckGreg wrote:
Sep 23rd, 2015 9:28 am
So fraud and claims aren't contributing factors to higher premiums? Am curious how you think premiums are calculated.
Zero Hope wrote:
Sep 23rd, 2015 12:08 pm
True statement but insurance companies will jack up rates regardless to make profit.
fly_life wrote:
Sep 23rd, 2015 2:28 pm
As much as the insurance industry is guilty so are many of their customers. Insurance fraud is very high and many times they have to pay out."Yes someone stole my $5000 Gucci jacket, my new hockey equipment and my $8000 Rolex from my 1990 Civic. Reciept please? "Oh they were a gift." Though they are claimed under home insurance is still a loss they have to take. Then body shops pay tow truck drivers 10% to 15% commission on the damage for the car they bring in so $5000 claim can bring in $500 to $750 for the tow truck driver. Some shops will actual do more damage to up the claim payout. Windshield replacement another scam. They wanted to charge my ins co $900+ tax but when done without a claim paid $170 cash. The list off crooks is long and there are several players involved including police, doctors, specialists and lawyers.
yes and you have just touched the tip of the iceburg.

Just to note...IF the towing industry gets over regulated to the point of no profit (operating a tow truck is at least 25k but closer to 45k a year),,and there is no profit in it..WHO will clear the highways effectively?..WHO will risk their lives in this industry? there are 3 sides to every story and and one side(the insurance industry) has access to the media to propagat their side. Careful what you all wish for when it come to the towing industry, not all or even most are crooks..just another business trying to survive.
Deal Fanatic
Sep 16, 2004
8285 posts
1306 upvotes
Toronto
This is not news. Been going on for years.

Unfortunately you can't force integrity into people nor buy it off a store shelf.

They'll get there's in due time though.

Dashcams might be one of the most convenient solutions currently.

With regard Insurance companies, they also lack integrity and committ fraud everytime the increase premiums for investments gone bad.

They obviously don't want forensic accountants in their bsuiness.

Why actively use your Insurance resources to track fraud and try to help law enforcement remedy fraud situations?

When you can sit back and do nothing, and use it as an excuse to raise premiums laughing all the way to the bank.
Deal Fanatic
Sep 16, 2004
8285 posts
1306 upvotes
Toronto
We need a sticky in this forum of good/recommended tow truck companies one can call when in a jam.

A sticky on procedures and rights on how to deal with the Police, witnesses, taking pics of the scene and off coures tow truck drivers at the scene would be helpful and nice too.
Deal Addict
May 18, 2006
2853 posts
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Windsor
cardguy wrote:
Oct 18th, 2015 9:26 am
yes and you have just touched the tip of the iceburg.

Just to note...IF the towing industry gets over regulated to the point of no profit (operating a tow truck is at least 25k but closer to 45k a year),,and there is no profit in it..WHO will clear the highways effectively?..WHO will risk their lives in this industry? there are 3 sides to every story and and one side(the insurance industry) has access to the media to propagat their side. Careful what you all wish for when it come to the towing industry, not all or even most are crooks..just another business trying to survive.
+1 every industry has the same issue, there are good ones and bad ones within it. For some reason tow truck companies are the hot topic lately. The equipment is expensive to buy and operate, fleet insurance keeps going up and up even if there are no claims, fuel is expensive, the red tape is getting insane and adds to expenses. The insurance companies are trying to dictate the fees a towing company can charge with no regard for any of the costs an individual company or tow job may have.

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