Auto insurance reform in Ontario - A fight worth fighting?
QBall @ Mon Nov 02, 2009 10:14 am
ASLplease ASLplease:
$1:
Temporary Operating Permits – Insurance and vehicle license combined that lasts from 1-15 days (something I believe is desperately needed in Ontario);
once again, this can be attained by opening a permanent policy then canceling it 15 days later. I can assure you that there will likely be penalties involved, however, the coverage and service is available.
So one again, aren't you just complaining about the associated price?
No it's not. First off the temporary operating permits (TOP) in BC (the ones where insurance and the permit are combined) are not rating based (it's the same price for everyone, not based on years licensed, accidents, moving vilations, etc) therefore there is no chance of the policy being canelled for non-disclosure. Therefore, with the correct documentation, a TOP can be issued in about 3 minutes for a vehicle registered in the province, the consumer pays for the time the TOP is in effect and then it lapses. Regular policies are rating based, therefore even a 3 month policy has to be quoted based on driving record, the application signed, submitted and paid for in it's entirety up front. Then when the consumer is done with it you have to sign the cancellation form and wait 2-3 weeks for the refund. This might be fine if the client wants a 9 day permit, but not a 1 day permit. Plus try going back to the same agent/broker and doing that again. The amount of work a broker has to do for a one year policy or a three month policy is the same initially, so to have someone come in and try and do another policy like that the broker/agent is going to tell them to take a hike because it's not worth their time. Plus if their is a discrepancy on the application the insurer could void the policy if there is a claim, so society really doesn't benefit from this.
QBall @ Mon Nov 02, 2009 10:15 am
Robair Robair:
My viewpoint is that of a consumer, not somebody who has worked with auto insurance. I have licensed vehicles in SK, AB, BC and Kentucky. If you are shooting for governemnt insurance, ICBC is not the best model out there.
Because....(most important part)
QBall @ Mon Nov 02, 2009 10:17 am
ASLplease ASLplease:
Ok,this is rude and confrontation, so please accept my sincere apologies up front, but Qball based on your concerns and what I know....I am having a hard time believing that you are experience at owning insurance policies, which means I am definitely questioning whether you have worked in the insurance industry. This leaves me with a dilema because I cant think of any possible reason why you would lie about this, and would like to believe you. in fact I think it is totally reasonable to beleive that you have worked in the insurance industry.
Once again, please accept my apalogies for being rude.
Once again, please accept my apalogies for being rude.
Since you haven't demonstrated any first hand knowledge of the industry or how insurance works you questioning of my experience and knowledge is less than relevant.
ASLplease @ Mon Nov 02, 2009 11:11 am
QBall QBall:
No insurer in Ontario will cover a vehicle that is NOT registered in Ontario.
If that is true, which I doubt because my insurere is from Toronto and they have issued me Alberta coverage on vehicles that are registered in BC.
Besides, what you are suggesting is backwards thinking. In Alberta, the motorvehicle registery issues the license plate and the sticker for the licences plate. the only way to get a valid sticker is to show proof of insurancde. If Ontario is issuing stickers without proof of insurance no wonder you have problems with uninsured vehicles.
$1:
In Ontario you can switch plates to another vehicle but must inform the MTO within 6 days of the change, however I believe the other vehicle must be registered in Ontario. I need to confirm this therefore I will get back to you on this one after I go through the Highway Traffic Act.
In ALberta, there may ber aclause that states tyhe vehicle must be a newly aquired vehicle. I don't know for sure.
ASLplease @ Mon Nov 02, 2009 11:13 am
QBall QBall:
ASLplease ASLplease:
$1:
Temporary Operating Permits – Insurance and vehicle license combined that lasts from 1-15 days (something I believe is desperately needed in Ontario);
once again, this can be attained by opening a permanent policy then canceling it 15 days later. I can assure you that there will likely be penalties involved, however, the coverage and service is available.
So one again, aren't you just complaining about the associated price?
No it's not. First off the temporary operating permits (TOP) in BC (the ones where insurance and the permit are combined) are not rating based (it's the same price for everyone, not based on years licensed, accidents, moving vilations, etc) therefore there is no chance of the policy being canelled for non-disclosure. Therefore, with the correct documentation, a TOP can be issued in about 3 minutes for a vehicle registered in the province, the consumer pays for the time the TOP is in effect and then it lapses. Regular policies are rating based, therefore even a 3 month policy has to be quoted based on driving record, the application signed, submitted and paid for in it's entirety up front. Then when the consumer is done with it you have to sign the cancellation form and wait 2-3 weeks for the refund. This might be fine if the client wants a 9 day permit, but not a 1 day permit. Plus try going back to the same agent/broker and doing that again. The amount of work a broker has to do for a one year policy or a three month policy is the same initially, so to have someone come in and try and do another policy like that the broker/agent is going to tell them to take a hike because it's not worth their time. Plus if their is a discrepancy on the application the insurer could void the policy if there is a claim, so society really doesn't benefit from this.
I don't see what the issue is. I can have full coverage on my care for about 60-80 dollars per month. why on earth would I wantor need a storage policy?
ASLplease @ Mon Nov 02, 2009 11:17 am
QBall QBall:
ASLplease ASLplease:
Ok,this is rude and confrontation, so please accept my sincere apologies up front, but Qball based on your concerns and what I know....I am having a hard time believing that you are experience at owning insurance policies, which means I am definitely questioning whether you have worked in the insurance industry. This leaves me with a dilema because I cant think of any possible reason why you would lie about this, and would like to believe you. in fact I think it is totally reasonable to beleive that you have worked in the insurance industry.
Once again, please accept my apalogies for being rude.
Once again, please accept my apalogies for being rude.
Since you haven't demonstrated any first hand knowledge of the industry or how insurance works you questioning of my experience and knowledge is less than relevant.
My knowledge is only first hand. Just as I feel that is it reasonable to beleive that you work in the industry, it is reasonable to believe that I've onwned insurance for the last25 years
I knew I shouldn't have wrote that post. Its got you all upset, Once again, I am sorry for being rude.
saturn_656 @ Tue Aug 17, 2010 9:19 am
$1:
It's going to be very difficult to convince Ontarians that a publicly run insurance plan would indeed lower premiums.
You have me convinced. I've lived in Manitoba and Ontario. I've had claims in both provinces.
In Manitoba, my insurance was MUCH cheaper and when it came time to assess/repair my vehicle Autopac was MUCH quicker.
I just smacked up my minivan on a moose last Sunday (08 AUG) I didn't even get to speak with someone from my insurance company until Thursday (12 AUG), it is now 17 AUG and my vehicle STILL HAS NOT BEEN ASSESSED FOR DAMAGE.
Ontario's private insurance system is inferior. It's one of the things I absolutely loathe about this province.