I pay 20$ per month for one way. But with the value of our cars going up, should I consider two way? I would assume that would involve an appraisal.
What is one way vs two way?
Forgot we live in a bubble in Quebec.
Best to let Google explain it:
…the minimum required car insurance coverage, which primarily covers your liability for damage or injury you cause to others (third-party liability), but not damage to your own vehicle in an at-fault accident. It’s the most basic level of coverage and is often the cheapest option, but it leaves you financially responsible for damage to your own car if you cause an accident.
So I crash into someone, their damage is covered, mine is not. I may get some compensation from government for damage if someone hit and runs me, but not guaranteed.
It allows you to reduce insurance cost for older cars. Why would I pay an extra 500$ a year if the book value of the car is 2k$ and deductable is 500 to 1k$ for example. After 2 years of being insured I would start losing money.
This is still the case with our cars since the book value is low. But market value is now much higher.
Ahhh. Yeah I think that’s on board with “comprehensive” insurance in the US. I’ve always had both regardless of the car being old. Because I live in an area with a lot of underinsured people, it falls on me to get better coverage. It sucks. Insurance is such a scam. I never see any of that money back and it’s really expensive.
You can try going with a GRUNDY policy if they are available in Canada. They insure “show” vehicles. Unfortunately, there are many limitations on how it can be used. I’m really overdue to shop around for insurance to see if I can save $.
get hagerty bro
After Hagerty denied me last year because the cars needed to be garaged, today I submitted another application for Grundy. I may try Hagerty again this year to see whether its policies have changed too.
Grundy just came back to me with a SAFECO quote. Apparently they are a broker? I thought they did their own stuff like Hagerty. Guess not.
I’m still extremely frustrated.
I have SafeCo for my DA. An agreed value of $8000. Unfortunately, I was in an accident where the car in front of me drove over a tire and sent it moving into the front of my car. Now they are trying to total my car and trying to use the actual value vs the agreed value in their calculation to deem the car as a total loss. What a scam.
How can they do that? What the hell?
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Well I didn’t go through with it with Safeco anyways. I’d love to hear any result with this.
I wonder if Hagerty changed their policy regarding the need to be garaged.
SafeCo used the Actual Value to Repair Cost to determine if my car was a total loss. The headlights, JDP Lip, bent Greddy SP2 exhaust, and having to repair the rear bumper pushed it well over the Actual Value. For payout the Agreed Value minus deductible minus salvage value. I opted to retain the car. After repairing the car, getting a new windshield, repainting the side mirrors, and getting another JDP Lip I will have some money. That even accounts for replacing my Greddy SP2 with Greddy’s new SP exhaust.
Ugh! I have to look into how the agreed value plays into a claim, I was just thinking they would cut a check for the amount and let you keep it.
Florida, Colorado, and California get screwed for some reason.