Not looking good first policy tripled from 550 to 1600 for the 13 Ducati Monster other 5 should be in soon time to start shopping I think.
Sent using a thumb maybe 2
Sent using a thumb maybe 2
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2022 insurance
- Thread starter Scuba Steve
- Start date
Accident? Tickets?
Absolutely unscrupulous. Did they think you would just shrug, rollover and accept a 200% rate increase for a simple "market" adjustment?
They assume "something" in the future.
Few years ago, motorcycle insurance went up because of floods in Alberta.
May be related?
I actually don't think they want him to shrug, roll over and accept it.
When something like that happens, it reads like, "We're not interested in your patronage any longer. We would like it if you would take your business somewhere else."
Maybe they want to get out of the motorcycle insurance game because of lack of profits?
Maybe with TD melloche will check the personal next week the other 4 are on a different policy with melloche. Crazy thing is 1400 is for accident benefits. Everything else is peanuts
Sent using a thumb maybe 2
Sent using a thumb maybe 2
sburns
Well-known member
Wonder if that has anything to do with COVID, maybe the province needs more money to support health care and here is how they will access the funds.
Maybe in BC, where the vehicle insurance is government-run. But in Ontario, insurance companies are all private, so the province can't (or at least shouldn't be able to) touch it.
But it brings up a good point though. Is it ethical to raise property taxes or vehicle licensing fees and redirect the additional funds to healthcare? Taxing one portion of the population for the benefit of another separate and distinct population?
which is likely already covered by your employee benefits (if you have them)
sburns
Well-known member
Isn't that what happened in BC with the carbon tax, eventually they started to use it for other purposes.
Hack
Well-known member
That cuz everything else IS peanuts...
$10, 20, 50k to cover the loss of property is pocket change.
Catostrphic injuries... not so much.
Looks like TD wants out of the motorcycle insurance business. They had been so good for years.
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48Connor
Well-known member
I just switched from Echelon to TD and went from $1400/yr to $650/yr. Crazy savings, feels like I've been getting ripped off over the last 6 years.
Weird because when I first started riding, TD was $3600/yr and Aviva was $1900/yr. I thought at $3600/yr they were basically saying we didn't want you, now it feels so cheap. Hope they don't increase on me...
Weird because when I first started riding, TD was $3600/yr and Aviva was $1900/yr. I thought at $3600/yr they were basically saying we didn't want you, now it feels so cheap. Hope they don't increase on me...
Some insurers have certain requirements before you’ll see the savings; 6 years experience etc.
ALL INSURERS are purely motivated buy personal bonusses resulting from corporate profits. All of the negative comments you have heard about Lawyers apply in kind to Insurers - they are soul-less. It may be time to stop having insurance coverage as a form of protest.
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