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-   -   Where to get insurance? (http://www.maxbimmer.com/forums/showthread.php?t=138950)

0xSe7e32 12-04-2010 10:05 PM

Where to get insurance?
 
My friends insurance got cancelled due to 6 points demerit and $1500 insurance claim.

Anyone knows where to get insurance? Any help would be greatly appreciated.

Thanks.

davericher20 12-04-2010 11:58 PM

I recently got my insurance cancelled.

The only place would be Powell Insurance brokers http://www.powellinsurance.ca/ who deal with high risk clients. Tell your buddy not to bother with the regular insurance companies. They won't touch him.
Speak to Karen Greer.

0xSe7e32 12-05-2010 12:05 AM

Thanks.

0xSe7e32 12-05-2010 12:05 AM

By the way, how long does it take to expunge the demerit points from the system?

hockeyfan27 12-06-2010 01:45 PM

Quote:

Originally Posted by 0xSe7e32 (Post 1468417)
By the way, how long does it take to expunge the demerit points from the system?

3 years from the conviction date it is off your record. Demerit points mean nothing to insurance. It's about the number of convictions. 2 minor convictions with an "at fault" accident is a common "filed rule for non-renewal".

Quote:

Originally Posted by davericher20 (Post 1468414)
...The only place would be Powell Insurance brokers http://www.powellinsurance.ca/ who deal with high risk clients...

For the record, every broker in Ontario has at least 1 high risk market. Typically, because the commission is lower, they will try to point you elsewhere.

If your buddy is still looking for quotes, my brokerage works with 3 companies who will entertain his record. 1-800-263-9870 ask for Jonathan.

InfiniteDice 12-06-2010 03:24 PM

Slightly off topic sorry OP, is it possible to cancel all health accident coverage from a policy? I have this coverage through life insurance and my works health insurance.

My policy says 500$ a year for this, which I think is bullshit.

rightnwrong 12-06-2010 03:40 PM

the general has awesome rates

hockeyfan27 12-06-2010 03:56 PM

Quote:

Originally Posted by InfiniteDice (Post 1468676)
Slightly off topic sorry OP, is it possible to cancel all health accident coverage from a policy? I have this coverage through life insurance and my works health insurance.

My policy says 500$ a year for this, which I think is bullshit.

The accident benefits are mandatory. They will extend to cover any occupant of your vehicle (unlike your life/work benefits package). So there is still value in having them. You are not allowed to decline/exclude them.

hockeyfan27 12-06-2010 03:57 PM

Quote:

Originally Posted by rightnwrong (Post 1468678)
the general has awesome rates

US company. They don't do business in Canada, eh?

InfiniteDice 12-06-2010 04:13 PM

I have a perfect driving record, and no claims ever. I know of people paying 500 - 700$ per year and I'm just wondering how that is possible.

I wonder how much financing fees are for paying monthly. If you pay the year all at once maybe it's a few hundred cheaper.

hockeyfan27 12-06-2010 04:31 PM

Industry standard is 3% fee. Many companies waive that fee if you have home & auto together.

That kind of premium is possible but getting less common. Usually that would come on older cars and they would have to be getting many discounts like mutli-vehicle, multi-policy, age, retiree, etc...


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