Frustrated with Quotes



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  1. #1
    GateKeeper's Avatar
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    Re: Frustrated with Quotes

    All that money dished out,,,,yet the Insurance Companies still post and brag about profits.....

    Just like the Banks

    Interesting how law enforcement gives you a ticket for something you did wrong, you pay said ticket and it's the end of the story as far as they are concerned, then steps in the Insurance company sees you got a ticket, and they also make you pay, but it's not just a one lump sum, it's stretched over 3 years, how nice of them......
    2012 Kawasaki Ninja 250
    1983 Suzuki GS750E - Rebuild Project

  2. #2
    VifferFun's Avatar
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    Re: Frustrated with Quotes

    Quote Originally Posted by GateKeeper View Post
    All that money dished out,,,,yet the Insurance Companies still post and brag about profits.....

    Just like the Banks

    Interesting how law enforcement gives you a ticket for something you did wrong, you pay said ticket and it's the end of the story as far as they are concerned, then steps in the Insurance company sees you got a ticket, and they also make you pay, but it's not just a one lump sum, it's stretched over 3 years, how nice of them......
    Unless your conviction is a serious one (such as Careless, Drunk Driving, etc.) then insurance companies are quite forgiving of convictions. If you have a single minor conviction, few companies will surcharge you. If you have more than one minor conviction, the surcharge is only about 10% per conviction. If you have 3+ minor convictions, then you are more likely to be a menace on the roads and the commensurate increase in your insurance rates is completely justified. Convictions are completely within your control.
    I'm an Actuarial Analyst for a Major Canadian Insurance Company. I analyse claims patterns to determine overall rate changes, as well as relative premium differences by various risk characteristics (eg. age, experience, claims, convictions, usage, etc.)

    Unless it's private, please post insurance-related questions in the forum rather than sending me a PM.

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  3. #3

    Re: Frustrated with Quotes

    how dare you bring personal responsibility into this!
    This post does not provide any legal advice and readers should consult with their own lawyer for legal advice.

  4. #4
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    Re: Frustrated with Quotes

    Viffer Fun. I did when you posted those numbers. They have accountants that are very good at CREATIVE ACCOUNTING!!!!!!!!!!!!!!

    Alex. You say that claims on medical are very expensive. Do you not forget that TWO YEARS AGO, McGinty gave the insurance industry the insurance store when he allowed them to lower all Medical PAYOUTS on insurance claims. I remember the industry saying, that will give us more money, we will be able to make a better profit,[nothing wrong with profit unless excessive] in a year or two, insurance rates will be down considerably etc, etc ,etc. Well, two years hence, insurance rates are skyrocking upwards, insurance industry crying again , we are losing money, we need a raise etc,etc,etc. This story from the industry is really getting long in the tooth. I am not the only one here on the board bitching and complaining about it. That is the truth, the whole truth and nothing but the truth. In other words, money talk, BS walks.

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