CBC: Paid a Broker for Insurance and Found Out She was Uninsured
She paid Aaxel Insurance Broker Ltd. which said that she needed to pay upfront of 1 year worth of payment in order to get lower rates with Intact Insurance. She later found out that her policy was cancelled due to non-payment. Now all the quotes she is getting is showing $10k because of the miss-payments from the broker. Aaxel has done nothing to give her money back. The broker does have fidelity insurance in case of a rogue employee. She is suing the broker now.
CBC contacted Intact and they removed that non-payment from her file.
I am shocked that this can happen. This is the first time hearing about this for me. You see in this forum that many people refer you to use a broker. It just means that we just need to be vigilant.