Break-in added $2,000 to insurance premium
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Break-in added $2,000 to insurance premium Apr. 12, 2003. 01:00 AM
Break-in added $2,000 to insurance premium
Firm claimed my Acura is `street racer'
Don't apply term to all Asians with Asian cars
I'm a 41-year-old Asian male who drives an Acura Integra Type R. I only got stopped once because my muffler was too loud, which was not true.
My problem is with insurance.
My Acura was broken into last December and was repaired by my insurance company.
Two weeks later, my policy was cancelled because my car was a "highly modified street racer," according to the company.
My driving record is perfect — no tickets, no accidents. I do not street-race.
Because of the break-in, my annual rate has gone from $1,900 to $3,900.
Please do not group all Asians with Asian autos as street racers.
Source: Toronto Star
Break-in added $2,000 to insurance premium
Firm claimed my Acura is `street racer'
Don't apply term to all Asians with Asian cars
I'm a 41-year-old Asian male who drives an Acura Integra Type R. I only got stopped once because my muffler was too loud, which was not true.
My problem is with insurance.
My Acura was broken into last December and was repaired by my insurance company.
Two weeks later, my policy was cancelled because my car was a "highly modified street racer," according to the company.
My driving record is perfect — no tickets, no accidents. I do not street-race.
Because of the break-in, my annual rate has gone from $1,900 to $3,900.
Please do not group all Asians with Asian autos as street racers.
Source: Toronto Star
Some day I'm gonna get myself a tough car (Cobra or Camaro, someday) and go around calling white kids in their imports ricers and see how they react hearing it from an Asian-American with a domestic. Let's see how they feel about that.
just venting. Honda = Asian, yes. Asian = Rice, no NO NONno!
just venting. Honda = Asian, yes. Asian = Rice, no NO NONno!
Last edited by XxSoVeReiGNxX; Apr 14, 2003 at 04:38 PM.
Originally posted by XxSoVeReiGNxX
Some day I'm gonna get myself a tough car (Cobra or Camaro, someday) and go around calling white kids in their imports ricers and see how they react hearing it from an Asian-American with a domestic. Let's see how they feel about that.
just venting. Honda = Asian, yes. Asian = Rice, no NO NONno!
Some day I'm gonna get myself a tough car (Cobra or Camaro, someday) and go around calling white kids in their imports ricers and see how they react hearing it from an Asian-American with a domestic. Let's see how they feel about that.
just venting. Honda = Asian, yes. Asian = Rice, no NO NONno!
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Rep Power: 0 Re: Break-in added $2,000 to insurance premium
Originally posted by klam
Apr. 12, 2003. 01:00 AM
Two weeks later, my policy was cancelled because my car was a "highly modified street racer," according to the company.
Source: Toronto Star
Apr. 12, 2003. 01:00 AM
Two weeks later, my policy was cancelled because my car was a "highly modified street racer," according to the company.
Source: Toronto Star
According to the the fine print on most insurance policies, you are supposed to notify them about any type of modification to your car. Yes, this means intakes, exhausts, and your common bolt-ons. If you dont notify your insurance of all these minor mods, and something happens to your car and they find out about your "light mods" they have the right to cancel your insurance. It's all in that little fine print that no one reads. So according to that fine print, if you do something like put different light bulbs in your car you have to notify them. It's just a way for insurance companies to get out of their supposed obligations to you as a customer.
So unless the insurance knew about every mod you did to your car, I can see how they could cancel your insurance after a single incident. I know it might not sound fair, but you signed the papers with the small print that no one reads, so you're supposed to be responsible for that fine print.
Don't take them to court. They will win with the fine print on the contract that you put your signiture on. Plus they have almost unlimited funds and can tie it up in court for years. You just have to take it and move on.
This is a dirty world we live in and insurance is the biggest and most crooked way of making money. And they are still called "legit", go figure!
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Re: Re: Break-in added $2,000 to insurance premium
Originally posted by Kung
I have to ask. Since you do have an ITR you must have some mods. I'm just wondering if you notified your insurance of any type of major mod. For instance if you turbo your car and then you get jacked, then the insurance wont cover that.
According to the the fine print on most insurance policies, you are supposed to notify them about any type of modification to your car. Yes, this means intakes, exhausts, and your common bolt-ons. If you dont notify your insurance of all these minor mods, and something happens to your car and they find out about your "light mods" they have the right to cancel your insurance. It's all in that little fine print that no one reads. So according to that fine print, if you do something like put different light bulbs in your car you have to notify them. It's just a way for insurance companies to get out of their supposed obligations to you as a customer.
So unless the insurance knew about every mod you did to your car, I can see how they could cancel your insurance after a single incident. I know it might not sound fair, but you signed the papers with the small print that no one reads, so you're supposed to be responsible for that fine print.
Don't take them to court. They will win with the fine print on the contract that you put your signiture on. Plus they have almost unlimited funds and can tie it up in court for years. You just have to take it and move on.
This is a dirty world we live in and insurance is the biggest and most crooked way of making money. And they are still called "legit", go figure!
I have to ask. Since you do have an ITR you must have some mods. I'm just wondering if you notified your insurance of any type of major mod. For instance if you turbo your car and then you get jacked, then the insurance wont cover that.
According to the the fine print on most insurance policies, you are supposed to notify them about any type of modification to your car. Yes, this means intakes, exhausts, and your common bolt-ons. If you dont notify your insurance of all these minor mods, and something happens to your car and they find out about your "light mods" they have the right to cancel your insurance. It's all in that little fine print that no one reads. So according to that fine print, if you do something like put different light bulbs in your car you have to notify them. It's just a way for insurance companies to get out of their supposed obligations to you as a customer.
So unless the insurance knew about every mod you did to your car, I can see how they could cancel your insurance after a single incident. I know it might not sound fair, but you signed the papers with the small print that no one reads, so you're supposed to be responsible for that fine print.
Don't take them to court. They will win with the fine print on the contract that you put your signiture on. Plus they have almost unlimited funds and can tie it up in court for years. You just have to take it and move on.
This is a dirty world we live in and insurance is the biggest and most crooked way of making money. And they are still called "legit", go figure!
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