That sounds perfectly reasonable. Why would an insurance company overlook your previous accident because you've chosen to pay extra to the first insurance company to ignore the first at-fault accident?blaznazn22 wrote: ↑there are some strings attached to the "accident waiver" that insurance companies don't tell you about unless you ask them. Say you switch to a different company, then that "at fault accident" has to be disclosed to the new company and you are going to pay the increase.
Should I change my insurance to liability only?
- Last Updated:
- Aug 28th, 2013 10:25 am
Tags:
- SCORE
- SoroSuub1
- Deal Fanatic
- Jun 3, 2008
- 8405 posts
- 4690 upvotes
- blaznazn22 [OP]
- Penalty Box
- Apr 15, 2011
- 5156 posts
- 1887 upvotes
- Scarborough
then people would less favorably on that bull sht "first at fault accident waiver" benefit. That basically gives the insurance company 6 years locked contract with you. Otherwise you're screwed. If its a waiver, then it should be wiped completely off your record without any trace, otherwise its misleading.
- RoadRunner
- Member
- Mar 5, 2005
- 435 posts
- 78 upvotes
I dropped comprehensive some time ago. My coverage is for liability, and theft. So my vehicle is not covered if I cause an accident, but it is still covered if my vehicle is stolen.blaznazn22 wrote: ↑well the cost of liability only is $190 a month. Yeah complete and utter BS for just liability. The thing im worried about most is theft, so i decided to keep full coverage and hopefully by next year my premium will drop.
- COSMIC5
- Deal Fanatic
- Aug 11, 2008
- 9505 posts
- 1457 upvotes
- Ontario
if you dropped comprehensive coverage then you DO NOT have coverage for theft
RoadRunner wrote: ↑I dropped comprehensive some time ago. My coverage is for liability, and theft. So my vehicle is not covered if I cause an accident, but it is still covered if my vehicle is stolen.
RIBO LICENCED INSURANCE BROKER, over 35 years experience
- Marzipan
- Deal Addict
- Nov 28, 2007
- 3204 posts
- 1094 upvotes
- Whitehorse, YT
Perhaps this varies by province but in Yukon, Section C Subsection 3 Comprehensive is available. It is commonly used for winter storage.
Summary description is:
Covers the automobile against loss or damage caused other than by collision or upset.
Comprehensive is commonly referred to as fire and theft.
- RoadRunner
- Member
- Mar 5, 2005
- 435 posts
- 78 upvotes
My mistake, what I meant to say was that I dropped coverage for collision and upset. Older vehicle so maybe not worth repairing and I very much trust my own driving. I kept comprehensive coverage as it covers the vehicle for fire and theft.
- UrbanPoet
- Deal Expert
- Jan 27, 2004
- 52935 posts
- 18144 upvotes
- ONTARIO
My car is only worth maybe $4k now. So liability only. Its always been like that... It was only a $6k car to begin with.
The difference was $100/month. It didn't seem worth it... I've been accident free since i bought the car in 2010. So i saved $3600 at least.
The difference was $100/month. It didn't seem worth it... I've been accident free since i bought the car in 2010. So i saved $3600 at least.
- Solsearchin1
- Deal Fanatic
- Nov 24, 2012
- 5909 posts
- 2223 upvotes
- Space
Go to liability and add fire theft ( fire/theft should be an extra 5$ month approximately ) you don't need full coverage to add fire theft. Some companies also don't even offer fire/theft in their full coverage package its offered as a add on.
- COSMIC5
- Deal Fanatic
- Aug 11, 2008
- 9505 posts
- 1457 upvotes
- Ontario
lol thanks for the insurance lesson - however, I do know what comprehensive coverage is and what it covers
Marzipan wrote: ↑Perhaps this varies by province but in Yukon, Section C Subsection 3 Comprehensive is available. It is commonly used for winter storage.
Summary description is:
Covers the automobile against loss or damage caused other than by collision or upset.
Comprehensive is commonly referred to as fire and theft.
RIBO LICENCED INSURANCE BROKER, over 35 years experience