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Old 12-04-2010, 10:05 PM   #1
0xSe7e32
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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.
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Old 12-04-2010, 11:58 PM   #2
davericher20
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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.
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Old 12-05-2010, 12:05 AM   #3
0xSe7e32
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Thanks.
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Old 12-05-2010, 12:05 AM   #4
0xSe7e32
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By the way, how long does it take to expunge the demerit points from the system?
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Old 12-06-2010, 01:45 PM   #5
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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".

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...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.
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Old 12-06-2010, 03:24 PM   #6
InfiniteDice
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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.
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Old 12-06-2010, 03:56 PM   #7
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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.
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Old 12-06-2010, 03:40 PM   #8
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the general has awesome rates
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Old 12-06-2010, 03:57 PM   #9
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the general has awesome rates
US company. They don't do business in Canada, eh?
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Old 12-06-2010, 04:13 PM   #10
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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.
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Old 12-06-2010, 04:31 PM   #11
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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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