From one big liar, to another.
Funny how the world works when its for your benefit, eh?
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write off!
- Thread starter bambam
- Start date
From one big liar, to another.
Funny how the world works when its for your benefit, eh?
Everyone pointing fingers at the insurance companies, hold on. They contract out the assessment of the damaged vehicle to private companies do they not? If the vehicle is reported back to the insurance company as non repairable, then that's all they have to go on. The real fault lies in the hands of who ever did the assessment.
Insurance companies ARE to blame... If you are to conduct a business the way they are doing it, you'd be slapped with fraud charges... For them, it's business as usual... biggest fattest cats, operating with complete impunity.
If you forget to mention old ticket or claim when getting a quote, you're fraudster. They can do this (salvage/clear/bait-and-switch/lie/steel...) and there's nothing wrong with it.
it's not double standard, it's the law.
People, get this in your heads: Auto Insurance in Ontario is legalized highway robbery.
Law was written by the robbers, and if you want to operate a vehicle on a road, you HAVE TO bend over. It's the law.
Do you realize - there's a minimum penalty for driving without insurance ($5,000)... there's no minimal penalty for, say stabbing someone. Heck, you can pull illegal u-turn, kill someone and all you get is slap on the wrist. Driving without a license is minor hiccup compared to driving without insurance.
Insurance companies waste millions of dollars (or funnel I should say) a year on unnecessary expenses through politically connected firms, and still, look at their reported profits at the end of every quarter. Occupy Bay Street? Doesn't quite seem appropriate to just how badly we are taken by Insurance Companies.
Still, I'm sorry to say this - they lied to you, and no there's nothing you can do to make it better. You cannot win against insurance company... it's written in the law.
If you forget to mention old ticket or claim when getting a quote, you're fraudster. They can do this (salvage/clear/bait-and-switch/lie/steel...) and there's nothing wrong with it.
it's not double standard, it's the law.
People, get this in your heads: Auto Insurance in Ontario is legalized highway robbery.
Law was written by the robbers, and if you want to operate a vehicle on a road, you HAVE TO bend over. It's the law.
Do you realize - there's a minimum penalty for driving without insurance ($5,000)... there's no minimal penalty for, say stabbing someone. Heck, you can pull illegal u-turn, kill someone and all you get is slap on the wrist. Driving without a license is minor hiccup compared to driving without insurance.
Insurance companies waste millions of dollars (or funnel I should say) a year on unnecessary expenses through politically connected firms, and still, look at their reported profits at the end of every quarter. Occupy Bay Street? Doesn't quite seem appropriate to just how badly we are taken by Insurance Companies.
Still, I'm sorry to say this - they lied to you, and no there's nothing you can do to make it better. You cannot win against insurance company... it's written in the law.
PeterTrocewicz
Active member
I worked for a dealership that did a fair bit if work for the insurance industry. The bike would get towed to us for the estimate. A mechanic would go over the bike with a fine toothed comb to make up the parts list and a labour time estimate. How fine might depend on whether the owner really wanted the bike back or not. A parts guy would sit down with the parts fiche and make up the parts estimate using all new OEM parts. I would then put these together into a proper quote for the insurance company.
An independent sucontracted appraiser would come, look at the bike, take some photos, talk to a salesman about the bike's value and use the quote to make up his report to the insurance company. If the quote was within something like 80% of the bike's value, it would be considered a write-off.
Sometimes there was a little 3-way haggling between the owner, the insurance company and us as regards parts that could be repainted/repaired/ignored vs replaced, or that could be replaced with used/aftermarket vs new OEM, to bring the repair cost down if the owner really wanted the bike repaired, or we really wanted the work at that point.
If the bike was written off, a wrecker that had a contract with that particular insurance company came and picked it up, and payed a bill that included labour fees for the estimate, towing fees to get it to us, and a per-day storage fee. It wasn't uncommon to see that bike sitting for sale as roadworthy out front of the wrecker's afterwards, haveing been repaired with used parts, bondo, paint, welding etc, which would would not have cost the wrecker much at all.
An independent sucontracted appraiser would come, look at the bike, take some photos, talk to a salesman about the bike's value and use the quote to make up his report to the insurance company. If the quote was within something like 80% of the bike's value, it would be considered a write-off.
Sometimes there was a little 3-way haggling between the owner, the insurance company and us as regards parts that could be repainted/repaired/ignored vs replaced, or that could be replaced with used/aftermarket vs new OEM, to bring the repair cost down if the owner really wanted the bike repaired, or we really wanted the work at that point.
If the bike was written off, a wrecker that had a contract with that particular insurance company came and picked it up, and payed a bill that included labour fees for the estimate, towing fees to get it to us, and a per-day storage fee. It wasn't uncommon to see that bike sitting for sale as roadworthy out front of the wrecker's afterwards, haveing been repaired with used parts, bondo, paint, welding etc, which would would not have cost the wrecker much at all.
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