Re: At fault accident driving someone elses car?
[Re: Brian Fernandez]
#320238
December 12, 2009 04:37 pm UTC
December 12, 2009 04:37 pm UTC
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Joined: Sep 2006
Posts: 481 n/a
Matthew Daize
Serious Member
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Serious Member
Joined: Sep 2006
Posts: 481
n/a
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And what happens when someone is 'unlucky', ends up severely injuring someone, causing environmental damage, and costing well in excess of several hundred thousand dollars and doesn't have it??
They have taken the risk of not driving without insurance, and will pay for it for X amount of years. Just like if one was to get their car stolen, and not have comprehensive coverage. They will be paying for it for X amount of years. And what happens if immediate medical attention or property repair is required? Who's going to pay for it? No company will take on that kind of risk let alone situation where you would never be able to pay it off in your lifetime. God forbid you lose control and sideswipe a $30,000 car and injuring two passengers each requiring $150,000 worth of medical such as physio as well as ongoing medications & medical devices? What if there was also $50,000 worth of infrastructure damage? What about fines, charges or administration & lawyer fees? There is NO way that will end up being payed off in one's lifetime, let alone having it ready for immediate use. And you don't forget that driving (and being insured) is optional (you could pool or take public transpo). Thats why 'Liability' is the minimum required coverage. I understand collision/comprehensive is optional as you are more then welcome to risk your own property. The companies and gov't will not let you risk someone else's way of life or property on the chance of making a mistake.
Last edited by Matthew Daize; December 12, 2009 04:38 pm UTC.
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Re: At fault accident driving someone elses car?
[Re: Matthew Daize]
#320242
December 12, 2009 05:31 pm UTC
December 12, 2009 05:31 pm UTC
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Joined: May 2003
Posts: 7,263 Niagara Falls, Ontario
Ziggy Dietrich
Senior Member, with Far TOO Much Time on Their Hands
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Senior Member, with Far TOO Much Time on Their Hands
Joined: May 2003
Posts: 7,263
Niagara Falls, Ontario
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And what happens when someone is 'unlucky', ends up severely injuring someone, causing environmental damage, and costing well in excess of several hundred thousand dollars and doesn't have it??
Then that "fund" that you paid a reasonable amount into pays out for the damages, and you repay the fund for the rest of your life. What happens NOW when you have one million dollars in liability insurance and you are successfully sued for 2 million dollars? The old system was BETTER!!
"bluebird" worlds fastest scooter ridden by me "Whitebird" RIP
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Re: At fault accident driving someone elses car?
[Re: Grant Redfern]
#320251
December 12, 2009 07:02 pm UTC
December 12, 2009 07:02 pm UTC
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Joined: Jan 2006
Posts: 2,241 Stratford/London
Mike Kuttschrutter
Insane Member
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Insane Member
Joined: Jan 2006
Posts: 2,241
Stratford/London
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2. If you are a guy - Yes, males UNDER 25 pay more for their insurance. Why? Because they have statistically proven that males under 25 cause more accidents and females under 25. That's called age and gender based rating. I think you do a great job Grant..... I got a question... why not go further into it and divide it by race? Its only fair right?. It's statistics. **hypothetical... Why should a person of Arabic descent pay more than someone of Japanese descent if it is statistically proven that someone of Japanese descent gets in more accidents??? I guess its better to be called a Sexist, than a Racist?
Stock.
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Re: At fault accident driving someone elses car?
[Re: Mike Kuttschrutter]
#320253
December 12, 2009 07:21 pm UTC
December 12, 2009 07:21 pm UTC
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Joined: Sep 2004
Posts: 1,463 Toronto, ON
Grant Redfern
Serious Member
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Serious Member
Joined: Sep 2004
Posts: 1,463
Toronto, ON
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2. If you are a guy - Yes, males UNDER 25 pay more for their insurance. Why? Because they have statistically proven that males under 25 cause more accidents and females under 25. That's called age and gender based rating. I think you do a great job Grant..... I got a question... why not go further into it and divide it by race? Its only fair right?. It's statistics. **hypothetical... Why should a person of Arabic descent pay more than someone of Japanese descent if it is statistically proven that someone of Japanese descent gets in more accidents??? I guess its better to be called a Sexist, than a Racist? Simple flaw in your logic Mike - how about mixed races? No one is 100% anything anymore. Without trying to be funny, you can only be either male or female and your age is quantifiable.
6-MT Stage II B5 Audi S4
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Insurance Discussion
#320313
December 14, 2009 08:58 pm UTC
December 14, 2009 08:58 pm UTC
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Joined: Apr 2002
Posts: 15,322 Loc: Loc:
Rob Strelecki
OP
morum foderator
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OP
morum foderator
Senior Member, with Far TOO Much Time on Their Hands
Joined: Apr 2002
Posts: 15,322
Loc: Loc:
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Re: Insurance Discussion
[Re: Grant Redfern]
#320320
December 14, 2009 10:06 pm UTC
December 14, 2009 10:06 pm UTC
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Joined: Aug 2005
Posts: 372 Calgary, Alberta
Darren Schoff
Serious Member
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Serious Member
Joined: Aug 2005
Posts: 372
Calgary, Alberta
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Without trying to be funny, you can only be either male or female and your age is quantifiable. Ahha!! Flaw in the logic! What about hermaphrodites? What do you class them as?
90 Laser RS-T
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Re: Insurance Discussion
[Re: Darren Schoff]
#320322
December 14, 2009 10:28 pm UTC
December 14, 2009 10:28 pm UTC
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Joined: May 2004
Posts: 1,239 Ontario
Malcolm Harris
Serious Member
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Serious Member
Joined: May 2004
Posts: 1,239
Ontario
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What about that 50-60 year old man that paid insurance his hole life, except one day he forgot to pay one of his payments, and his 25 yr old son rear-ended someone and the old bugger made a claim (or vise-versa), and he got caught doing 75km in a 60km zone, and he drives a 2005 Toyota 4runner, humm the end result would be...
- Thank you for your bussiness over the last xx years, but you screwed up big time and now you have to bend over for the rest of your life well we collect all those extra costs assosiated with the events of one day, even though we've been collecting from you for the past, that does not cover the costs of what you did today...
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Re: Insurance Discussion
[Re: Malcolm Harris]
#320324
December 14, 2009 10:35 pm UTC
December 14, 2009 10:35 pm UTC
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Joined: Oct 2005
Posts: 10,749 Belleville, Ontario
Ryan Laliberte
No-Lift-To-Shift.... Stock. :)
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No-Lift-To-Shift.... Stock. :)
Senior Member, with Far TOO Much Time on Their Hands
Joined: Oct 2005
Posts: 10,749
Belleville, Ontario
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Today, for the first time in my life, I am making a claim on my Auto Insurance.
Friday night, my landlord backed into our Aveo, causing upwards of 3000-4000 in damage. He took out the Headlamp, Parking Lamp, Bumper Cover, and Fender, also crumpling the rad support and Headlamp Support.
Parts alone (my cost) was $500, labor was $2300. We were going to do it under the table, but the costs including a rental for the time away, was going to be well over $3000, so we made a claim.
I am not at fault in this scenario, and my landlord just has to pay his deductable, All State's "accident forgiveness" allows him 1 freebie, and he's taking them up on that offer.
So, I'm rocking an 08 PT Cruiser for the next 2 weeks while our car gets repaired.
We'll see how it goes. I don't have to pay a thing, and the car gets repaired.
AWDAuto 1996 TSi AWD Automagic12.24 @ 113 - Small 16G FP Green HTA - 11.42/123 Team Pump Gas and Meth RTMRacing - Your Canadian source for DSM Parts "Every moment you live is pregnant with the next moment of your life" --Jim CarreyLast Login: September 28, 2021
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Re: Insurance Discussion
[Re: Malcolm Harris]
#320350
December 15, 2009 02:56 am UTC
December 15, 2009 02:56 am UTC
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Joined: Sep 2004
Posts: 1,463 Toronto, ON
Grant Redfern
Serious Member
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Serious Member
Joined: Sep 2004
Posts: 1,463
Toronto, ON
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What about that 50-60 year old man that paid insurance his hole life, except one day he forgot to pay one of his payments, and his 25 yr old son rear-ended someone and the old bugger made a claim (or vise-versa), and he got caught doing 75km in a 60km zone, and he drives a 2005 Toyota 4runner, humm the end result would be...
- Thank you for your bussiness over the last xx years, but you screwed up big time and now you have to bend over for the rest of your life well we collect all those extra costs assosiated with the events of one day, even though we've been collecting from you for the past, that does not cover the costs of what you did today...
You usually have a grace period of 21 days after your insurance is due to still be covered. And so what if someone did pay 2000/yr for 30 years? That's only 60,000, the cost of a standard european sedan.
6-MT Stage II B5 Audi S4
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Re: Insurance Discussion
[Re: Grant Redfern]
#320485
December 16, 2009 09:31 pm UTC
December 16, 2009 09:31 pm UTC
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Joined: May 2004
Posts: 1,239 Ontario
Malcolm Harris
Serious Member
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Serious Member
Joined: May 2004
Posts: 1,239
Ontario
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Ya so I guess in my example, he's still SOL, because they don't give out two or three freebies now do they( for those companies that give out freebies for a 5 star driver that is), and for one to become a 5 star driver you would have to stay in your house and not drive, or never report claims). I use to drive 100Km's per day, try to keep a clean record doing that in this area. I guess insurance employee's make more than me(which makes sense aparentally) if you concider 2000/year is cheap for coverage you can never use cause you pay for it in the end all over again... This insurance buissiness sure is a schetchy one, reminds me of how a mob would operate. Insurance companies use the system as leverage to make you pay more, (ie., 15 km's over come on), and if that isn't enough they created there own system to collect & withdraw negative information about you to make you pay more again.
Has anyone ever tried cancelling insurance here after paying for the year, see what happens.
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Re: Insurance Discussion
[Re: Grant Redfern]
#320677
December 18, 2009 12:55 pm UTC
December 18, 2009 12:55 pm UTC
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Joined: Jun 2003
Posts: 500 Oshawa
Steve Rode
Serious Member
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Serious Member
Joined: Jun 2003
Posts: 500
Oshawa
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Insurance is definitely a dip in the land of the Trickster.
I've had my battles with them...and lost. Hence my Talon only being driven part of the year. I can't stand paying their extortion fees.
Some food for thought: a) Males are worse than female drivers. In 1968, there was a commission established to see what was the case. The case found that male drivers did cause more accidents. The report went on to say that male drivers constituted the majority of drivers, and therefore could NOT conclusively say that males were worse than female. From what I understand, insurance companies used this as their template. All I have to say, is after two accidents, my sister was still paying LESS than I was during those 19-25 years. b) I was with my insurance company for 16 years. Missed a payment as I wasn't working for a year due to the econony crush years ago. They cancelled me. When I protested, they demanded payment in full; hard to do when one is without work and money. I borrowed, paid...but years later I was labelled in the "utility" (where bad drivers, dui's, etc) go. Wife couldn't get me on her car, until my insurance company called hers. This is the greatest outrage. How does my inability to pay ONCE influence my rates and abstract? Meanwhile, they phoned me three times for my home insurance which had lapsed. Interesting. c) Insurance companies, as private companies, ensure that they make money. During the awfulness of the twin tower destruction, there was ALOT of payment. Even then, insurance companies made 1.5% profit that year (on average). The money they collect is carefully invested. That $40k I paid with a perfect driving record from 16 to 30 would have doubled in profit atleast twice. Insurance companies continuously record profit (on average) d) the largest problem for them is fraud. Fair enough, but a system of their own creation. In the earlier years, it was usually easier for them to just accept repairs and quotes. This is one thing that I deplore...is those that simply ruin it for others. Sure Insurance companies are the ultimate in corrupt capitalism. But that doesn't excuse people from ripping them off for millions where it wasn't necessary.
Stay safe my fellow Taloniers. Let's hope we never have to use the ransom we pay!
'93 Tsi AWD AT, 16G Turbo,3" front to back '11 Evolution X, stock
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Re: Insurance Discussion
[Re: Steve Rode]
#320695
December 18, 2009 05:48 pm UTC
December 18, 2009 05:48 pm UTC
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Joined: May 2004
Posts: 1,239 Ontario
Malcolm Harris
Serious Member
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Serious Member
Joined: May 2004
Posts: 1,239
Ontario
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^^^Well put, insurance companies love statistics, and anyone who took stats knows they rarley relate/mirror real life, and can be curved to reveal what ever they want, or whatever they think would be more profitable to them, because they can use that as an excuse for high rates and leverage when you complain, and they can say sorry but your a guy and statistically your a danger.
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Re: Insurance Discussion
[Re: Malcolm Harris]
#320710
December 18, 2009 07:46 pm UTC
December 18, 2009 07:46 pm UTC
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Joined: Jul 2003
Posts: 3,065 Colborne
Adam Grenon
Insane Member
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Insane Member
Joined: Jul 2003
Posts: 3,065
Colborne
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I did not experience a cancellation fee with Echelon. This was September.
2012 - Lancer Ralliart Octane Blue 1991 - Talon Tsi AWD FP HTA 71 1992 - Talon Tsi AWD on hold
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