That just blew my mind. Very interesting
So, the insurance black box monitors are here
- Thread starter Sunspark
- Start date
That just blew my mind. Very interesting
However there are outliers such as high net worth individuals who want service and claims handled properly so go with Chubb or GCNA and don't care about pricing as much. As well companies like GCNA are now adding in DAS legal coverage as part of their package which gives you free legal advice and lawyers fees paid for many legal issues. Let the suckers fight over the cheapskates who will bounce around for 5 buck savings.
how much $/year we talking with those two companies?? Chubb or GCNA
this is the first time im hearing about this.
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that's how im doing it. highest deductible. and don't plan on making any claims in event of the unfortunate happens. we know we make a squeak and the rates go up for 5 years.
just cheaper to pay out of pocket for repair, or get new.
you make a good point.
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Certainly, the value brought to the client by the insurance company is definitely considered in the price -- better service can demand a higher price, all else equal. Price is just one of many considerations when I'm shopping around.
Ironically, premium wise, people who just made an at-fault claim in the last year probably have the least to lose by filing another at-fault claim within a year or two. They would simply go from 1* or 2* record back to 0* and take a couple of years to get back to 2*. On the other hand, someone with a 6* record would drop all the way to 0* and take six years to get back to their rating.
I don't think my employer would cancel the risk until their third at-fault in six years.
I believe Chubb is exclusive -- you have to be a member of a group to get in. They are one of the best rated insurers based on claims satisfaction surveys.
No you don't . Anyone can get a CHUBB quote
Sometimes more sometimes less than other companies. Call a broker and get a quote.
they might have to go facility as well
If this were the case, why not install a device that interrupts cell signals and has a built in breathalyzer? In my opinion, those cause more, and worse accidents than anyone driving through Brampton at 20km/h over the limit.
forexman
Active member
Chubb will write business from anyone for auto as long as you want to pay their prices, their claims service is outstanding, but on the home front, unless your digs are worth over $1m they are not interested.
Know of someone who had a claim on their home recently due to the rains and a sewer back-up and the claim and the adjuster was there the next day and the claim settled in less than 4 days. If you want that level of service, you are going to have to pay for it.
Other companies are still dealing with the aftermath of the rain storm in TO and clients are still waiting to have claims processed.
Know of someone who had a claim on their home recently due to the rains and a sewer back-up and the claim and the adjuster was there the next day and the claim settled in less than 4 days. If you want that level of service, you are going to have to pay for it.
Other companies are still dealing with the aftermath of the rain storm in TO and clients are still waiting to have claims processed.
Roomie
Banned
Service like that is usually well worth the extra money. Places like SF and TD where you're just a number, could care less how long it takes to settle things with you. Ask me how I know
Why did they develop a black box instead of figuring out how to combat fraud?
I've paid around $10,000 for car insurance in the last 10 years and $6000 for my motorcycle in the last 3. That accounts to $16,000~ in total. I've had one accident that cost around $5000 to fix. Insurance has pocketed $11000~ and jacked up my rates (slightly).
...and yet somehow, insurance keeps going up because somehow people are making multi million dollar claims.
I've paid around $10,000 for car insurance in the last 10 years and $6000 for my motorcycle in the last 3. That accounts to $16,000~ in total. I've had one accident that cost around $5000 to fix. Insurance has pocketed $11000~ and jacked up my rates (slightly).
...and yet somehow, insurance keeps going up because somehow people are making multi million dollar claims.
slogan
Well-known member
Yah
Recently we had our company insurance plan agent in our office. He was blah-blahing lot... I asked him, what is the policy changes if I am involved in non-professional (recreational) sport. He said " oh, that's a company plan does not care about this. only the personal insurance blah-blah-blah... care about suicide"
Then we received the forms to fill out... the second question was if I were engaged in racing, diving or parachuting during last 12 month...
Oh! Hell! YAH!!! :blob6:
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Soemtimes Chubb is cheaper on auto and more on the house so it's a wash. But yes they are first lass in every way
i think the main issue is the speed limits, and what the police are enforcing.
when average traffic flows are generally 20-25kmh above the limits, that indicates in a 60 zone where everyone is doing 80-85... well then the limit should be 80. or on highways where majority are going 130-140 with the left lane left open because everyone is frightnened of making a pass and getting hit with a 50 over.... the limit should be 130.
the black box just doesn't make sense so long as the LAWS dont' make sense.
also, im confused how insurance can penalize for speeding when traffic flow itself (meaning EVERYONE - maybe aside from the corolla in the passing lane doing 10 under current limit) is speeding. basically we are being considered hazards for going with the whats right instead of the archaic speed limits.
speed doesn't kill. stupid kills. change enforcement to include "unsafe lane change", "restricting traffic flow - which i believe should be careless driving", or "not using mirrors", "making a right turn on major intersection when vehicles approaching" etc....
how can one respect laws that don't respect the people they are supposed to serve??
how do you follow laws that just don't apply?? yet there is the fear of penalty.
im not a crazy guy weaving in and out of traffic. maintained clean record for a decade. but i realzie at any moment i couldve been hit with a few minors or a major simply for driving like the majority of everyone else.
a bit of a rant... i do apologize angry9:
the black box just does not apply. who here actually does 60kmh in a 60 zone?? or 100-115 on highway??
frankly no passes would be made and there would be even worst traffic.
if that was the case, in a 60 limit zone, right lane should be doing 40-50 and left lane 60 just to allow for flow. and that just is not the case.
or on highway, right lane then should be 60-70, middle lane 80-90 so the left lane can pass at the 100kmh. doesn't make sense.
when average traffic flows are generally 20-25kmh above the limits, that indicates in a 60 zone where everyone is doing 80-85... well then the limit should be 80. or on highways where majority are going 130-140 with the left lane left open because everyone is frightnened of making a pass and getting hit with a 50 over.... the limit should be 130.
the black box just doesn't make sense so long as the LAWS dont' make sense.
also, im confused how insurance can penalize for speeding when traffic flow itself (meaning EVERYONE - maybe aside from the corolla in the passing lane doing 10 under current limit) is speeding. basically we are being considered hazards for going with the whats right instead of the archaic speed limits.
speed doesn't kill. stupid kills. change enforcement to include "unsafe lane change", "restricting traffic flow - which i believe should be careless driving", or "not using mirrors", "making a right turn on major intersection when vehicles approaching" etc....
how can one respect laws that don't respect the people they are supposed to serve??
how do you follow laws that just don't apply?? yet there is the fear of penalty.
im not a crazy guy weaving in and out of traffic. maintained clean record for a decade. but i realzie at any moment i couldve been hit with a few minors or a major simply for driving like the majority of everyone else.
a bit of a rant... i do apologize angry9:
the black box just does not apply. who here actually does 60kmh in a 60 zone?? or 100-115 on highway??
frankly no passes would be made and there would be even worst traffic.
if that was the case, in a 60 limit zone, right lane should be doing 40-50 and left lane 60 just to allow for flow. and that just is not the case.
or on highway, right lane then should be 60-70, middle lane 80-90 so the left lane can pass at the 100kmh. doesn't make sense.
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I checked this and its wrong..CHUBB starts insuring houses at $500,000 value
So, in other words, if you are approaching a traffic light that has just gone yellow, you are better off blasting through the yellow (which might turn red) than to slow down moderately quickly in order to make the stop (as required by law!) because it might involve slowing down more than 15 km/h per second.
Fail.
