INSURANCE!
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The rate is made by the insurance company and approved by the government - they use stats from previous years to come up with it - if the government though that the insuance industry was gauging the consumer they would capp rates or take them over - that MAY happen - rates are high but the only reason is because repair estimate are higher - I just adjusted a claim in dowtown TO where a guy had his vehicle towed by a tow company - the tow company wanted $400 for the tow alone and the storage fee per day was $100 - THATS OUTRAGEOUS - that is flat out price gauging - so we have to pay it to get our insured's car out of the impound and into a body shop - where do you think that money comes from?? Its not that insurance companies are trying to make tons of money (cause if you look at there yearly audits there not) its the fact that the cost of doing business has gone up - and the only thing we can do is raise premiums - just a quick fact, but i believe RBC as a bank made 3-4 times as mush as the number one insurance company in Canada last year (State Farm) - I don't expect to convince you but just show the other side
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Quote
[hr]Originally posted by: dm1preppy
The rate is made by the insurance company and approved by the government - they use stats from previous years to come up with it - if the government though that the insuance industry was gauging the consumer they would capp rates or take them over - that MAY happen - rates are high but the only reason is because repair estimate are higher - I just adjusted a claim in dowtown TO where a guy had his vehicle towed by a tow company - the tow company wanted $400 for the tow alone and the storage fee per day was $100 - THATS OUTRAGEOUS - that is flat out price gauging - so we have to pay it to get our insured's car out of the impound and into a body shop - where do you think that money comes from?? Its not that insurance companies are trying to make tons of money (cause if you look at there yearly audits there not) its the fact that the cost of doing business has gone up - and the only thing we can do is raise premiums - just a quick fact, but i believe RBC as a bank made 3-4 times as mush as the number one insurance company in Canada last year (State Farm) - I don't expect to convince you but just show the other side[hr]
[hr]Originally posted by: dm1preppy
The rate is made by the insurance company and approved by the government - they use stats from previous years to come up with it - if the government though that the insuance industry was gauging the consumer they would capp rates or take them over - that MAY happen - rates are high but the only reason is because repair estimate are higher - I just adjusted a claim in dowtown TO where a guy had his vehicle towed by a tow company - the tow company wanted $400 for the tow alone and the storage fee per day was $100 - THATS OUTRAGEOUS - that is flat out price gauging - so we have to pay it to get our insured's car out of the impound and into a body shop - where do you think that money comes from?? Its not that insurance companies are trying to make tons of money (cause if you look at there yearly audits there not) its the fact that the cost of doing business has gone up - and the only thing we can do is raise premiums - just a quick fact, but i believe RBC as a bank made 3-4 times as mush as the number one insurance company in Canada last year (State Farm) - I don't expect to convince you but just show the other side[hr]
Hey! Look At Me!! I'm a Supporting Member!!
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Quote
[hr]Originally posted by: scsGrumPyDriveR
Great. I'll know who to go to when I write a paper on insurances for class. lol[hr]
[hr]Originally posted by: scsGrumPyDriveR
Quote
[hr]Originally posted by: dm1preppy
The rate is made by the insurance company and approved by the government - they use stats from previous years to come up with it - if the government though that the insuance industry was gauging the consumer they would capp rates or take them over - that MAY happen - rates are high but the only reason is because repair estimate are higher - I just adjusted a claim in dowtown TO where a guy had his vehicle towed by a tow company - the tow company wanted $400 for the tow alone and the storage fee per day was $100 - THATS OUTRAGEOUS - that is flat out price gauging - so we have to pay it to get our insured's car out of the impound and into a body shop - where do you think that money comes from?? Its not that insurance companies are trying to make tons of money (cause if you look at there yearly audits there not) its the fact that the cost of doing business has gone up - and the only thing we can do is raise premiums - just a quick fact, but i believe RBC as a bank made 3-4 times as mush as the number one insurance company in Canada last year (State Farm) - I don't expect to convince you but just show the other side[hr]
[hr]Originally posted by: dm1preppy
The rate is made by the insurance company and approved by the government - they use stats from previous years to come up with it - if the government though that the insuance industry was gauging the consumer they would capp rates or take them over - that MAY happen - rates are high but the only reason is because repair estimate are higher - I just adjusted a claim in dowtown TO where a guy had his vehicle towed by a tow company - the tow company wanted $400 for the tow alone and the storage fee per day was $100 - THATS OUTRAGEOUS - that is flat out price gauging - so we have to pay it to get our insured's car out of the impound and into a body shop - where do you think that money comes from?? Its not that insurance companies are trying to make tons of money (cause if you look at there yearly audits there not) its the fact that the cost of doing business has gone up - and the only thing we can do is raise premiums - just a quick fact, but i believe RBC as a bank made 3-4 times as mush as the number one insurance company in Canada last year (State Farm) - I don't expect to convince you but just show the other side[hr]
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Quote
[hr]Originally posted by: dm1preppy
At least you know when your beaten ....
[hr]
[hr]Originally posted by: dm1preppy
Quote
[hr]Originally posted by: scsGrumPyDriveR
Great. I'll know who to go to when I write a paper on insurances for class. lol[hr]
[hr]Originally posted by: scsGrumPyDriveR
Quote
[hr]Originally posted by: dm1preppy
The rate is made by the insurance company and approved by the government - they use stats from previous years to come up with it - if the government though that the insuance industry was gauging the consumer they would capp rates or take them over - that MAY happen - rates are high but the only reason is because repair estimate are higher - I just adjusted a claim in dowtown TO where a guy had his vehicle towed by a tow company - the tow company wanted $400 for the tow alone and the storage fee per day was $100 - THATS OUTRAGEOUS - that is flat out price gauging - so we have to pay it to get our insured's car out of the impound and into a body shop - where do you think that money comes from?? Its not that insurance companies are trying to make tons of money (cause if you look at there yearly audits there not) its the fact that the cost of doing business has gone up - and the only thing we can do is raise premiums - just a quick fact, but i believe RBC as a bank made 3-4 times as mush as the number one insurance company in Canada last year (State Farm) - I don't expect to convince you but just show the other side[hr]
[hr]Originally posted by: dm1preppy
The rate is made by the insurance company and approved by the government - they use stats from previous years to come up with it - if the government though that the insuance industry was gauging the consumer they would capp rates or take them over - that MAY happen - rates are high but the only reason is because repair estimate are higher - I just adjusted a claim in dowtown TO where a guy had his vehicle towed by a tow company - the tow company wanted $400 for the tow alone and the storage fee per day was $100 - THATS OUTRAGEOUS - that is flat out price gauging - so we have to pay it to get our insured's car out of the impound and into a body shop - where do you think that money comes from?? Its not that insurance companies are trying to make tons of money (cause if you look at there yearly audits there not) its the fact that the cost of doing business has gone up - and the only thing we can do is raise premiums - just a quick fact, but i believe RBC as a bank made 3-4 times as mush as the number one insurance company in Canada last year (State Farm) - I don't expect to convince you but just show the other side[hr]
[hr]
lol. it's really a matter of opinion.. no right or wrong BUT if you feel it makes u feel good. great.
good job. I'll give u 2 thumbs up for that
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Rep Power: 0 Just renewed with CAA insurance , added my wife to the policy, she has a G2 and i have had a G since 1991 and iam paying $1742 plus 2% tax a year !!!! BTW wife has a driver's certificate, dad is in the business [IMG]i/expressions/face-icon-small-wink.gif[/IMG]
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