I have read through 4 pages and i already have some questions that are bugging me, please excuse me if the questions where answered in the previous pages.
First i see a lot of people bring up the states and the price difference there.
You state that you could not go on the road with a 40k coverage. Well to be honest this is you, for me personally i have spent over 20k until now on insurance and neither i or anyone else has ever used a cent of that.
I understand that my luck can run out tomorow, but if the difference in price would be as shocking as ontario vs USA then i will take the 40k any day. 200$ vs 2000$ is surely a risk i am willing to take.
My beef is not with the insurance industry, obviously those companies are not in the business of philantrophy, rather their in the business to make money. My beef is that the gov't has failed to make competition, same would apply to the phone companies as well as cable companies, there is a lack of competition in canada and this is hurting me and you the consumer.
You are again right when you state that ontarians tend to take 14 times more to heal then people from BC, thats wrong and maybe the gov't again can intervene. In the meantime maybe private investigators can weed through all these bogus claims. Its a thought isn't it.....
Do you tend to agree that it would be best if automobile (car+bike) insurance is run by the gov't, if it would be run by competent people than we could see a 50% reduction on average in premiums and still garnish a profit according to those statistics on profits made by the insurance industry
Or maybe stop making insurance mandatory, considering that there is a no fault system, some people might be willing to take the chances. I know that is not the safe thing to do, but it seems that since the second world war, people have been obsesed about covering any type of guilt and attempt to have everything "safe" with no risks.
Allow me to take upon myself the risk of getting into a serious accident without insurance, give me the oportunity to choose! I think in a free society you should be allowed to choose, especially since i am learning now that in ontario, there is a no-fault system, meaning that if i hit a guy he is automatically covered and its up to me to pay it off at a later day.
First i see a lot of people bring up the states and the price difference there.
You state that you could not go on the road with a 40k coverage. Well to be honest this is you, for me personally i have spent over 20k until now on insurance and neither i or anyone else has ever used a cent of that.
I understand that my luck can run out tomorow, but if the difference in price would be as shocking as ontario vs USA then i will take the 40k any day. 200$ vs 2000$ is surely a risk i am willing to take.
My beef is not with the insurance industry, obviously those companies are not in the business of philantrophy, rather their in the business to make money. My beef is that the gov't has failed to make competition, same would apply to the phone companies as well as cable companies, there is a lack of competition in canada and this is hurting me and you the consumer.
You are again right when you state that ontarians tend to take 14 times more to heal then people from BC, thats wrong and maybe the gov't again can intervene. In the meantime maybe private investigators can weed through all these bogus claims. Its a thought isn't it.....
Do you tend to agree that it would be best if automobile (car+bike) insurance is run by the gov't, if it would be run by competent people than we could see a 50% reduction on average in premiums and still garnish a profit according to those statistics on profits made by the insurance industry
Or maybe stop making insurance mandatory, considering that there is a no fault system, some people might be willing to take the chances. I know that is not the safe thing to do, but it seems that since the second world war, people have been obsesed about covering any type of guilt and attempt to have everything "safe" with no risks.
Allow me to take upon myself the risk of getting into a serious accident without insurance, give me the oportunity to choose! I think in a free society you should be allowed to choose, especially since i am learning now that in ontario, there is a no-fault system, meaning that if i hit a guy he is automatically covered and its up to me to pay it off at a later day.
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