Click to go to Forum Home Click to go to maXbimmer Home

Go Back   maXbimmer Forums > General > General Discussion
User Name
Password


Welcome to Maxbimmer.com!

You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

Reply
 
Thread Tools Rate Thread Display Modes
Old 10-14-2009, 11:43 AM   #16
AdrianBmW
2nd Gear Member
 
AdrianBmW's Avatar
 
Join Date: Aug 2009
Location: Toronto
Posts: 188
Quote:
Originally Posted by hockeyfan27 View Post
Agreed.

thanks for the discussion.
sorry didnt see that before posting lol

good discussion by the way what brokerage are you from?
__________________

Black Sedan FTW
Active Autowerke Software/ Simota Carbon Fiber Cold Air Intake/ LED Angel eyes / 18in' Style M-166
AdrianBmW is offline   Reply With Quote
Old 10-14-2009, 07:07 PM   #17
hockeyfan27
5th Gear Member
 
hockeyfan27's Avatar
 
Join Date: Jul 2009
Location: Durham Region
Posts: 919
Quote:
Originally Posted by AdrianBmW View Post
Dont exagerate you know well that in that case a reputable insurance company wont denie a claim.. class rating is for our profit and for a company to make ends meet and to properly rate premiums, if a guy that drives 20klm a day says that he drive 5klm/day we go off of upmost good faith and rate on 5klm, if we find out he drives more we'll change it to the correct class but wont denie a claim. becuase many people change jobs or move locations and drive more or less and dont inform us.. is your compnay dening all those claims also?
Just for the record...

Through not clients of our office, I have read of situations where there are large lawsuits pending and insurance companies scrutinize the details of the policy looking to get off on a technicality. Dumb things like a wrong vin #, incorrect named insured (even a mis-spelled name) or other menial details have been used to void a policy just to avoid a payout. Reputable or not, they don't like paying out millions of dollars, especialy considering insurance companies make a majority of their money through investments and the market right now is in the dumps.

I'm not trying to exaggerate. When I post info on forums like this I try to stick to the book as best I can, especially when I'm stating I'm a licenced broker as what I say can come back to haunt me.

If somebody asks, "is it important that I'm 100% honest with all of the details." I have to say, "material change in risk or misrepresentation are grounds for declining coverage". Same as if you ask an I.T. consultant "is is safe to download music" he's going to say "you can get in trouble if you get caught" knowing the chances are, you aren't going to get caught.

Cheers to a good banter though!

I work for Brokerforce Insurance Inc.
How long have you been with State Farm?
__________________

1998 328ic - Sold
hockeyfan27 is offline   Reply With Quote
Old 10-14-2009, 10:43 PM   #18
AdrianBmW
2nd Gear Member
 
AdrianBmW's Avatar
 
Join Date: Aug 2009
Location: Toronto
Posts: 188
No argument with that last statement Hockey, spoken like a truly reliable insurance broker.. hopefully we'll get the chance to network some day.

Regards
__________________

Black Sedan FTW
Active Autowerke Software/ Simota Carbon Fiber Cold Air Intake/ LED Angel eyes / 18in' Style M-166
AdrianBmW is offline   Reply With Quote
Reply

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -4. The time now is 05:23 AM.


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.