First post .....
18-Mar-2003, 07:49 PM
#1
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Join Date: Mar 2003
Posts: 389
First post .....
Just wanted to post and say hello.... I am an Insurance Adjuster who handles auto, property and liability claims in Ontario (will not say for whom)...I saw you have a forum dedicated to the issue and thought I'd join and try to help out ....I drive a 2003 Mitsu Eclipse GT Premium ....
18-Mar-2003, 08:20 PM
#4
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Join Date: Jan 2003
Location: on a race track
Posts: 17,846
wow, thanks for joining dude
I gota a question:
I had parked my car on the side of the street in a place that was legal and someone hit my car while it was parked there, and ran away... do I have to pay the deductable for the repairs... is there a standard policy insurance companies have for cases like this or are all companies different?
thanks ....
I gota a question:
I had parked my car on the side of the street in a place that was legal and someone hit my car while it was parked there, and ran away... do I have to pay the deductable for the repairs... is there a standard policy insurance companies have for cases like this or are all companies different?
thanks ....
18-Mar-2003, 08:45 PM
#6
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Thread Starter
Join Date: Mar 2003
Posts: 389
Originally posted by gatherer
wow, thanks for joining dude
I gota a question:
I had parked my car on the side of the street in a place that was legal and someone hit my car while it was parked there, and ran away... do I have to pay the deductable for the repairs... is there a standard policy insurance companies have for cases like this or are all companies different?
thanks ....
wow, thanks for joining dude
I gota a question:
I had parked my car on the side of the street in a place that was legal and someone hit my car while it was parked there, and ran away... do I have to pay the deductable for the repairs... is there a standard policy insurance companies have for cases like this or are all companies different?
thanks ....
18-Mar-2003, 08:52 PM
#7
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Posts: n/a
hey, welcome to the club..
nice of you to offer your insights into one of the more confusing aspects of owning a car..
got another question for ya, if you don't mind..
adding approximately $5G in stereo equipment..and roughly $8000 worth of cosmetic mods..
want to insure seperately from car (above the standard $1500 coverage..so say roughly $3500 for stereo and all $8G for mods)
how much and is it possible??
nice of you to offer your insights into one of the more confusing aspects of owning a car..
got another question for ya, if you don't mind..
adding approximately $5G in stereo equipment..and roughly $8000 worth of cosmetic mods..
want to insure seperately from car (above the standard $1500 coverage..so say roughly $3500 for stereo and all $8G for mods)
how much and is it possible??
18-Mar-2003, 10:30 PM
#8
Registered User
Thread Starter
Join Date: Mar 2003
Posts: 389
Originally posted by Si Veloz
hey, welcome to the club..
nice of you to offer your insights into one of the more confusing aspects of owning a car..
got another question for ya, if you don't mind..
adding approximately $5G in stereo equipment..and roughly $8000 worth of cosmetic mods..
want to insure seperately from car (above the standard $1500 coverage..so say roughly $3500 for stereo and all $8G for mods)
how much and is it possible??
hey, welcome to the club..
nice of you to offer your insights into one of the more confusing aspects of owning a car..
got another question for ya, if you don't mind..
adding approximately $5G in stereo equipment..and roughly $8000 worth of cosmetic mods..
want to insure seperately from car (above the standard $1500 coverage..so say roughly $3500 for stereo and all $8G for mods)
how much and is it possible??
19-Mar-2003, 07:57 AM
#12
Registered User
Join Date: Apr 2002
Location: Oshawa
Posts: 749
Welcome to the site, hope you enjoy it.
Like everyone else I have a question. When my car was broken into I went to the adjuster and he had a small touch screen that he used to mark the damage. When he was finished he printed a page that listed all parts and cost's. Now my question is can the general public get a hold of the database you guys use when making the claim?
Like everyone else I have a question. When my car was broken into I went to the adjuster and he had a small touch screen that he used to mark the damage. When he was finished he printed a page that listed all parts and cost's. Now my question is can the general public get a hold of the database you guys use when making the claim?
19-Mar-2003, 08:03 AM
#13
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Join Date: Mar 2003
Posts: 389
Well, most of the time its an apprasier who would come out and view the damage to yor vehicle. The apprasier uses market prices for insurance only. So, in other words, you may pay $150 for a stock bumper if you wanted to buy it, insurance companies pay$75 and the shop that is doing repairs marks it up to $150 to make a profit - same thing with labour rates - $65-$85 an hour is the norm for most shops - Insurance pays about $45 an hour to shops - and to answer your questions, no you can't get the SAME lists of parts the apprasier has access to because their are priced for insurance companies - but if you wish to get a list of parts for your vehicle, you can contact your local dealer
If you want the estimate that has been done on your car you are allowed to have that, as it is your vehicle - But each company has its own database as each company works with different shops in different areas. Hope this helps
If you want the estimate that has been done on your car you are allowed to have that, as it is your vehicle - But each company has its own database as each company works with different shops in different areas. Hope this helps
19-Mar-2003, 08:16 AM
#14
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Join Date: Apr 2002
Location: Oshawa
Posts: 749
hhhhhhhhhhmmmmmmmmmm interesting, thanks for the quick response. I was given a copy when it was appraised and went and got it reappraised by the Honda dealer, the difference was huge and they changed the pay out. I just though it was wierd how insurance tried to give me $250 for a dash when to buy it from Honda cost's over $300.
19-Mar-2003, 08:22 AM
#15
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Join Date: Mar 2003
Posts: 389
Ususally your insurance company will price parts for what THEY can get them for, and most of the time their OEM or used parts, not brand new - the only time you would get brand new is if your car is 2 years old or newer - IF you were to proceed through insurance and the dash does cost $300, insurance says they can get it for $250 and its in the same shape as your old dash, then all they will pay is the $250 - If hey cannot find the part or the part is not up to par, then they will pay for a new part to be installed
19-Mar-2003, 08:48 AM
#17
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Join Date: Mar 2003
Posts: 389
94EG6HB
My companies stance on modified civics is as long as we know its modified AND ITS LEGAL we will cover the loss. If you do not let your Insurer know that your vehicle is modified then they have the right to deny coverage for any modifications you have on your vehicle - In their mind, they insure a 1994 Honda Civic Hatchback, stock, so thats is their obligation to you. Some companies are more leignient than others, so will cover everything, so won't. If you let your broker or agent know of your mods, you may have to pay an increase in premium to have things like a stereo, rims and bodykits covered. My advice to you is weight your options. If you are ina high risk area where a collision and theft are a norm, have your mods disclosed to your insurer and have them covered. If you get a quote of an extra $1000 (and yes I have seen this) a month to cover these mods, you may want to take a chance on not covering them due to the cost.
Just a note, some companies will not cover this type of vehicle at all, some will, I would speak to your broker or agent first before pursuing extra coverage
My companies stance on modified civics is as long as we know its modified AND ITS LEGAL we will cover the loss. If you do not let your Insurer know that your vehicle is modified then they have the right to deny coverage for any modifications you have on your vehicle - In their mind, they insure a 1994 Honda Civic Hatchback, stock, so thats is their obligation to you. Some companies are more leignient than others, so will cover everything, so won't. If you let your broker or agent know of your mods, you may have to pay an increase in premium to have things like a stereo, rims and bodykits covered. My advice to you is weight your options. If you are ina high risk area where a collision and theft are a norm, have your mods disclosed to your insurer and have them covered. If you get a quote of an extra $1000 (and yes I have seen this) a month to cover these mods, you may want to take a chance on not covering them due to the cost.
Just a note, some companies will not cover this type of vehicle at all, some will, I would speak to your broker or agent first before pursuing extra coverage
20-Mar-2003, 12:11 AM
#19
Registered User
Join Date: Mar 2003
Posts: 388
I‘ve always had a lot of questions to ask about insurance stuff but was too scared to ask my broker! It’s really good to have you here now!
My question is if I park my car somewhere totally legal lets say a parking lot and some one hit me! Do I have to call the cups right away or what should I do so my insurance covers the costs! And as long as I pay my deductible would it affect my rates? Because when I talked to my agent last time she told me that they raise the rated depending on the number of claims you have. But wouldn't that count as a claim? And if I move to Vancouver would my rates still be high because I have had an accident in Ontario or they fallow totally different procedures?
My question is if I park my car somewhere totally legal lets say a parking lot and some one hit me! Do I have to call the cups right away or what should I do so my insurance covers the costs! And as long as I pay my deductible would it affect my rates? Because when I talked to my agent last time she told me that they raise the rated depending on the number of claims you have. But wouldn't that count as a claim? And if I move to Vancouver would my rates still be high because I have had an accident in Ontario or they fallow totally different procedures?
20-Mar-2003, 01:46 AM
#20
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Join Date: Apr 2002
Location: Toronto
Posts: 9,255
Call me synical.......but......what credentials do you have? What courses did you take? ect......
Not ment to offend you, but I would just like to know. I have a couple of aquaitances in the insurance field here in Ontario, and I'd just like to see what your answere to the above questions will be.
Being on an open board an all, it's hard to believe what someone says without getting to know them.....in prerson.
ie.....I already knew most of the above info that you stated from the amount of time that I have had insurance (over 10 years).....I ask alot of questions of my agent.
Once again.....not ment to cast doubt on your "job".
Not ment to offend you, but I would just like to know. I have a couple of aquaitances in the insurance field here in Ontario, and I'd just like to see what your answere to the above questions will be.
Being on an open board an all, it's hard to believe what someone says without getting to know them.....in prerson.
ie.....I already knew most of the above info that you stated from the amount of time that I have had insurance (over 10 years).....I ask alot of questions of my agent.
Once again.....not ment to cast doubt on your "job".
