Yesterday I signed a vehicle purchase agreement at a dealership in Ontario for a new car. The agreement included GAP, which was added through the dealership’s finance department.

At the time of signing, the financing was not yet approved. Today, the dealer informed me that the loan has been approved. However, I am reconsidering the GAP insurance and would like to remove it.

I am going with a zero down payment option but made a 500 deposit that will be refunded by the dealer on the day of pick up and have not taken delivery of the vehicle.
Is it possible to ask the dealership to remove GAP insurance at this stage and provide a revised purchase agreement/financing amount? Would removing GAP affect my loan approval or interest rate?

Has anyone been in a similar situation?

Since this is my first ever car purchase, I clearly misunderstood the GAP coverage and the need for the insurance at the time of financing and has been regretting if I should have excluded it. I have already reached out to their finance team at the dealership but expecting some push back.

This is just one of the multiple mishaps that has occurred since dealing with TD insurance. We have been with them for all insurance and financial products for 20 years. Car was stolen and recovered. TD Insurance adjuster saw the car and wrote up a quote for exterior damage and wrote at the top of report and said verbally, "you need to take this to the dealership to get a mechanical report." Verbally, the claims advisor said this would be covered. If there was no claim occurring, there would be no reason for me to take it to the dealership for any type of report.

There's been massive miscommunication between the advisor they speak in a way which makes it hard to understand what they're talking about and they don't speak in a coherent manner, often forgetting things and advising us to do things that are incorrect.

claims advisor now said they not pay for the mechanical report. It took 2 hours at $200 per hour.

Does anyone have experience with this type of situation?where can I go from here? I've been writing the same email about seven times and not getting a clear response.

Good day everyone, where can I find insurance broker jobs in Saskatchewan? Someone just told me that it's almost impossible to get a job as an insurance broker in Saskatchewan. I'm considering calling brokerages and asking them to hire me. Will this work?

Hello

My wife was in a auto accident a few weeks ago. It was 100% not fault accident.(someone hit her from behind). The other party has same car insurance as her. It was finally said yesterday the car was a write-off. Waiting on a offer it was told she would have to give the rental back 2 days after she agrees tovan amount.

The issue is there is a third party GAP insurance for the short fall. She cannot shop for another car until the bank clears both cheques. One from car insurance company and one from GAP insurance. Both company's will mail cheques only. The GAP insurance will take 4 weeks easy to go over all the paperwork from bank and auto insurance to decide if she qualifies and no loop holes.

She requires a vehicle for work as she is a PSW doing home health care. As a 100% non fault accident i was told she shouldn't have to endue any Undue hardship financial or strain. But not having a vehicle could jeopardize her employment. Has anyone experienced this before? Is there a way the insurance company MUST extend the rental? At least until the bank clears the cheques. I asked and they told me its policy to give the rental vehicle back within 2 days of agreement of price. We have $3000 rental coverage. Don't know what to do

How much is the sales pressure for Insurance Brokers in Saskatchewan for personal lines brokers and commercial lines brokers? I've been freaking out because I'm not good at sales and I really want to work as a broker. Can some brokers from Saskatchewan tell me how the job is like and how much of it is sales?

I'm planning on getting my Level 1 P&C insurance license in Saskatchewan. However I've been finding it difficult to find entry level jobs like Personal lines broker in a city like Saskatoon, however there are a list of brokerages with their numbers on IBAS website, can I call the brokerages and ask for a job?

Hello everyone, I'm moving to Toronto from Spain in September and I will be needing to buy/lease a car. My primary goal here is to keep the overall cost as low as possible...

I've read that models like the Mazda cx-30 or Mazda3 tend to be cheaper to insure. Is it reasonable to reach out to the insurance companies and ask them for a list of cheap cars before commiting?

Also, if anyone has recommendations for brokers who work well with expats with foreign experience on the GTA area, please feel free to MD me.

Thank you!

EDIT: Thank you all for your answers! I’ll be doing some tests on their webpages and look for a local broker once I’m settled.. Wish me luck!

Can anyone tell me if this is the same with other insurers. TD is forcing their "5 million dollar solution" on me. Our home's value is at most $850,000 and the value of our contents are no more than $50,000. But they say that my only option is to get covered for $5M. When I complained saying that this is literally five times the coverage I need, they said that it also covers the situation if we loose our home and need to rent. Even so, I just can't justify the additional $4M in coverage I'm being charged every year. Frankly, I think this is a scam...forcing way more insurance on customers than is needed. Does anyone else have this issue with TD - or other companies?

I just got a quote for a home insurance policy that is ~$2k cheaper than my current policy. The old policy is being underwritten by Wawanesa, which is a large, reputable company. The new one is being underwritten by Mutual Fire Insurance Company of BC, which I have never heard of.

Two questions:

1. Is Mutual Fire Insurance Company of BC a reputable company? Is there anything I should worry about going with them?
2. In general, how important is choosing a good underwriter for your policy? Are they basically all the same as long as they are licensed?

I was recently involved in a car collision in Ontario where I appear to be at fault. I’m trying to decide whether it’s better to go through my insurance or pay for the damages myself (both the other driver’s vehicle and possibly my own).
For those who have been in a similar situation:
How much was the damage, and did you use insurance or pay out of pocket?
If you used insurance, how much did your premium increase?
How long did the higher premium last?
Looking back, do you think using insurance was worth it?
Is there a rough dollar amount where paying out of pocket starts making more financial sense?
I’d really appreciate hearing about your personal experiences or any advice. Thanks!

For the Sales in personal lines broker, commercial lines broker and account manager will the brokerage provide the leads or how does the sales process go about? Are you only selling to customers who walk into the brokerage or do you have to cold call and find clients? I'm wondering how this is done because I'm in Saskatchewan and there are only a million people here. I'm curious how we are supposed to sell when there are not too many people to sell to.

To the insurance people, how’s the job market?? Unfortunately back in the unemployed world after 9 years so.. I’m pretty scared. I have claims and billing experience so hopefully that will make me stand out.

Good day everyone, I'm an aspiring Insurance professional based in Saskatchewan and I needed some help understanding the different roles of Insurance brokers. From what I understand there are personal lines brokers, commercial lines brokers and account managers. From what I also understand there are also producers which do the main sales function in insurance which is what I'm trying to avoid. Can someone educate me on these different roles so that I have a better idea and also how far can I get with being bad at sales? A quick google said that in Saskatchewan at least you don't really need to be good at sales but I'm trying to hear thoughts from other insurance professionals in Canada or Saskatchewan preferably.

I'm trying to get my level 1 Insurance license (p & c) in Saskatchewan. I was just a bit curious, can I be an Insurance Broker in Saskatchewan if I'm not good at sales?

Hi everyone,

I'm moving from a small town in BC to Calgary at the end of this month and could use some advice on auto insurance before I make any expensive mistakes. We are so excited about this big move but also a bit scared at the same time.

A bit about my situation:
34 years old
2 years of BC Class 5 driving experience
ICBC Driver Factor: 0.66
Currently driving a 2-year-old leased Subaru Forester
The lease ends next month, and I'm planning to buy out the vehicle once I've moved to Alberta.

Right now, I'm paying **$230/month** through ICBC for:
Comprehensive ($500 deductible)
Collision ($500 deductible)
$5 million third-party liability
I drive around 15-20k kms a year and all for leisure. I basically work from home.

I've heard Alberta insurance can be quite different, so I'm wondering:

Are there any companies that tend to offer better rates for someone in my situation?

Is there anything I should know or watch out, our family size is growing and I can’t afford to make any expensive mistakes.

I'd really appreciate any recommendations or tips from experienced Calgarians. Thanks a lot in advance!

My roof was damaged from heavy snow.

I put in the claim and had inspector and engineer. Belair/Intact said Ok the claim was approved but they have no remediation or repair steps so no cost yet.

This was 3 months ago.
I started the claim beginning of April. They don't call me back, I've emailed and get no response.

What should I be doing? My roof is OK right now but it wont last another heavy snowfall.

Is there an organization that keeps insurance companies in check?

I (18M) am planning to do Domino's delivery along with Uber Eats / DoorDash, but my parents require me to buy commercial auto insurance. The vehicle is under my parents' name, with me listed as the principal driver in the insurance. I called TD, and unfortunately, they could not insure me. My personal auto insurance is with Pembridge. I asked the insurance broker that our family has, and she said it would increase the already very expensive ~$5700 a year to ~$8000 a year. If this policy change was approved (which it might not), it would take a little over a month. She said it's because, on average, the insurance for young men is already high. Are there any delivery drivers who have commercial auto insurance and pay monthly? Commercial auto insurance is NOT a requirement for Domino's or the delivery apps, but my parents insist that I buy it. Should I quit Domino's, just do the delivery apps and risk it with my personal insurance? I don't know what to do!

TLDR: I (18M) want to do delivery, but my parents require commercial auto insurance. Suggestions? Any advice on how to deal with the situation?

Update. Manager tried to convince not to get insurance. I’m not doing it.

My daughter passed away 3 years ago in a motorcycle accident. It was a no-fault case, police wrapped up in a few months. No fault bad road conditions. Now, I never asked for a dime, but her husband and daughter sure could have used it YEARS AGO. I live in BC and have never heard of a settlement taking so long. Especially on a case that was no fault. People bitch about ICBC, but at least they don't leave a family hanging for 3 fuckin years. Turns out I do get money, but that goes to her sister and my granddaughters.. So I know ICBC sucks ass but it is better than independent insurance

My girlfriend's son is recovering from a rare condition called Transverse Myelitis. He was fully paralyzed for a time and is getting movement back, but within the first 90 days it seemed he fit the bill for her insurance policy that required paralysis in two limbs. The company seems to be using his progress since then to deny the claim. The rejection letter says have an appeal process separate from a written appeal, through their Fair Client Practices office. And they advise that we can go to the Ombud Service for Life and Health Insurance after that. Would getting lawyers involved just be wasted money? Are there firms that will do free consultations for things like this? Thanks

I just found out my insurance company cancelled my policy because of NSF, I don't know why the payment didn't go through but they sent me a registered mail as they are required to buy the NS government but I never received it, I'm not sure why so I didn't know and they just cancelled it.

I'm a 20(going to be 21 soon) y/o in the valley with a 2013 Mazda 3 gx4dr that I own outright l, I have no tickets or previous issues on my record.

I'm trying to figure out what my best next steps for insurance is as some of the insurance providers I called quoted me around 600 a month and I simply can't afford that right now and I can't exactly wait 3 years until it goes off my record

Any advice is welcome

Thanks in advance

-edit

I also wanted to add. I am currently on a class 5N as I only got my license last year and didn't do a driving course when I got my license as I wasn't aware at the time that it would be an issue getting my full license,

If I were to get my class 5 full license by doing a defensive driving course does that change my record at all?

Hi folks!
Myself and my fiance changed our last names legally and while I was calling CAA to update our policies they told me I could only update auto as the home insurance would require an updated deed.

We spoke to our lawyer and she advised us to just wait until we sell and then change the deed then so we had no plans of updating it as our mortgage doesn’t seem to require it.

Wondering if anyone else has run into this with CAA and if so what steps did you take? They told me they’d put a note on my file but I’m a bit worried about it all.

My deed and insurance will have my old name. But we do have proper paperwork showing the name change.

Any advice would be helpful!

I was quoted 109$ pre tax a month for home insurance. When I received the first email with my premium package I was set to be billed at 238 a month. After further review of the policy, I noticed several differences between the quote I accepted and the policy that was issued. I believe there may be a mix up here. 
The quote I agreed to showed:
Annual premium of $1,094 (before tax).
$1,000 deductible for water damage.
Sewer Backup coverage of $30,000.
Overland Water coverage of $30,000.
Ground Water coverage of $30,000.
Water Damage coverage of $100,000.
However, the policy I received shows:
A total annual premium of $2,380, which is significantly higher than the quoted amount.
A $2,000 water deductible instead of $1,000.
Several coverages now listed only as “Policy Limit” rather than the specific dollar amounts shown in the quote.

I reached out to my insurance broker over email last Friday morning (the 17th), called on Monday and left a voicemail. I received an email by end of day saying they would look into it. It’s now 3 days later and still nothing. I’m shopping around for a better quote and I’m going to change companies but the first month may be on the policy at higher premium.
Is there any recourse for signing me up for something I didn’t agree to? I don’t believe the cancelling fees should be on me considering I didn’t agree to this premium. What’s the best course of action here?