[Merged] Ask me anything about insurance!!

BlueEagle88 wrote: ↑ I understand its hard to guess due to lack of information. If I did have an accident waiver on the year of the fender bender. the company offerred an Accident forgiveness the next year if I one is used already? Best move at the moment is to get Autoplus report. I understand the insurance determine who is at fault. Would an Autoplus determine if the other person reported to collision cente and determine who is at fault? Are you private broker or you work for a company? Would my broker discuss the Autoplus with me since am the only one on the current and previous policy?

BlueEagle88 wrote: ↑ Thank you for taking the time answering to my queries. I smiled when someone in this forum asking for suggestion for a good broker and someone answered look up under you comment. lol!

jross95 wrote: ↑ In what event do we need a car inspection, and how common are they? My son needed photos taken of his car and odometer for a new policy last year and I had never heard of that happening before. The car was only 5 years old and was not financed or leased. There was no damage. His policy has gone up this year by almost $400 but he left shopping for new rates to the last minute. His excuse to not shop for new rates is that he won't be able to complete a car inspection in time because of COVID and doesn't want to cancel his current insurance before having new insurance finalized. Is he right at all or just lazy?

jross95 wrote: ↑ In what event do we need a car inspection, and how common are they? My son needed photos taken of his car and odometer for a new policy last year and I had never heard of that happening before. The car was only 5 years old and was not financed or leased. There was no damage. His policy has gone up this year by almost $400 but he left shopping for new rates to the last minute. His excuse to not shop for new rates is that he won't be able to complete a car inspection in time because of COVID and doesn't want to cancel his current insurance before having new insurance finalized. Is he right at all or just lazy?

codeman33 wrote: ↑ I recently bought a new vehicle and I removed my old vehicle that was traded in and added the new vehicle onto my existing insurance. I started looking at different quotes and noticed td insurance offers a 5 year vehicle replacement option that I would like As my current insurance only offers opcf 43 for 2 years. For me to cancel my current insurance id have to pay the mid term cancellation fee regardless but I also have a few atvs on my current policy that td quoted me higher and won’t add fire and theft to one of them because of age so if I kept my atvs on my current policy and switched my vehicles would I still get hit with the mid term cancellation fee?

ninety5teg wrote: ↑ How long does accident stay on your record and how far back do insurance companies look back? I have been getting quotes online and they seem to go far back on your accident history with the questions asked. Reason I ask is I had two accidents, one is 2012 and another one in 2013 (both times I rear ended someone)..2018 I was involved in another accident which I was t boned but I was not at fault..It seems like the previous accidents are causing my rates to increase. No traffic tickets since 2013.

dpw198 wrote: ↑ CAA went back 20 years. My experience has been 10 years with Travellers and Intact.

codeman33 wrote: ↑ I recently bought a new vehicle and I removed my old vehicle that was traded in and added the new vehicle onto my existing insurance. I started looking at different quotes and noticed td insurance offers a 5 year vehicle replacement option that I would like As my current insurance only offers opcf 43 for 2 years. For me to cancel my current insurance id have to pay the mid term cancellation fee regardless but I also have a few atvs on my current policy that td quoted me higher and won’t add fire and theft to one of them because of age so if I kept my atvs on my current policy and switched my vehicles would I still get hit with the mid term cancellation fee?

ninety5teg wrote: ↑ How long does accident stay on your record and how far back do insurance companies look back? I have been getting quotes online and they seem to go far back on your accident history with the questions asked. Reason I ask is I had two accidents, one is 2012 and another one in 2013 (both times I rear ended someone)..2018 I was involved in another accident which I was t boned but I was not at fault..It seems like the previous accidents are causing my rates to increase. No traffic tickets since 2013.

VangoghKitty wrote: ↑ Had my car written off, was under 2 years of age and I have endorsement 43 on my policy which applied in my case - they offered the lowest of the 3 factors (price paid, MSRP at the time and replacement cost) as the settlement amount, which was the actual price paid. Unfortunately, that will still put me a few thousand out of pocket to replace the car like-for-like with a new (not used) replacement. I haven't yet accepted their offer. Is this kind of offer a set-in-stone-you're-SOL kind of deal or can I reasonably dispute it to have them consider the replacement cost instead?

VangoghKitty wrote: ↑ Had my car written off, was under 2 years of age and I have endorsement 43 on my policy which applied in my case - they offered the lowest of the 3 factors (price paid, MSRP at the time and replacement cost) as the settlement amount, which was the actual price paid. Unfortunately, that will still put me a few thousand out of pocket to replace the car like-for-like with a new (not used) replacement. I haven't yet accepted their offer. Is this kind of offer a set-in-stone-you're-SOL kind of deal or can I reasonably dispute it to have them consider the replacement cost instead?

eypc wrote: ↑ Looking to cancel TD Auto Insurance. The insurance docs state that "a cancellation fee will be charged based on your policy's cancellation table".
But there's no table in the doc. When I called TD, they looked up my policy doc and were surprised that there's no table.
I also checked the OAP 1 (Ontario Automobile Policy) and there's no short rate table in there either.

Can they charge me a penalty for cancelling if the table is not in the policy doc? They're telling me they can...