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Why won't they insure it?
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Why won't they insure it?
what did Touchstone say? Also, sick car.
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Figured it was an XFR with mods. Wierd that they wont insure it.This quote is hidden because you are ignoring this member. Show Quote
Yeah. Weird eh? As of April, Aviva is refusing to allow collision on any car over 500hp. I could insure it with basic, but thats out of the question so I gotta switch companies. I work with a broker so I feel I can get a deal elsewhere. Since Aviva tried insisting on paying me out for a regular xf when my last supercharged model got written off, I was considering moving anyway.This quote is hidden because you are ignoring this member. Show Quote
I'm on the fence about modding it. 510 seems sufficient with a 0-60 of 4.3, but it goes up to <redacted> Ninja edit on the tuned power. 635 was a claim proven to be false. 60hp more is the best I can expect and even that is optimistic. I'll likely keep it stock.
Last edited by Kloubek; 02-17-2019 at 11:41 PM.
Do you a document stating that any vehicle over 500 hp won't be insured via Aviva?This quote is hidden because you are ignoring this member. Show Quote
500 hp really isn’t that hard to come by these days. Odd business decision.
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
No, I cant find anything online about it. But according to the broker, that is their rule come April.This quote is hidden because you are ignoring this member. Show Quote
If I were you I will be asking the broker to provide that.This quote is hidden because you are ignoring this member. Show Quote
Yeah, honestly I would have my doubts about that. Sounds ridiculous.
Nice car.
500 HP is not uncommon at all these days (in the grand scheme of things), I would be very surprised to hear that a major insurance carrier won't even insure them. Even a 10 year old POS CTS-V had over 500HP. If it turns out to be true (via an actual notice from the insurance company), maybe start looking for some other quotes - shoot MaskedBandit a PM.
Very odd of that insurance company. You'd think they would look at it from a pure numbers perspective, and if they did they would see more people crash in 100hp cars than 500hp cars. I see way more Hyundai Accents and Kia Rios in the ditch than supercharged jags.
Like a lot of pricing in Canada, they determine that you have money and that you will pay so they adjust their prices accordingly. It would be "un Canadian" to complain.This quote is hidden because you are ignoring this member. Show Quote
Aviva isn't the only company pulling this stunt, Economical has implemented an underwriting rule with similar limits (can't recall if it's 500 HP or 650 HP). I've got a guy with a Demon that I'll have to move next month. Hear me now, believe me later...auto insurance in Alberta is going to get a lot worse in the next three years.
"Masked Bandit is a gateway drug for frugal spending." - Unknown303
"price optimization" is a real thing. Look it up and get angry.This quote is hidden because you are ignoring this member. Show Quote
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Anything we should be doing now to help minimize it? Can I get a 2 year rate freeze?
I've heard the biggest thing for auto is avoid getting tickets because of companies increasing rates for any demerits by up to 50%
...
Last edited by Sugarphreak; 08-18-2019 at 03:45 PM.
Yes, because gov't mandated price controls always work out well.This quote is hidden because you are ignoring this member. Show Quote
There is another guy i know in a FB group complaining about Aviva. Apparently been with them for years, and now they are demanding yearly premiums in 1 lump sum, and not allowing anyone to do monthly payments anymore. Seems like Aviva is trying to thin the herd...
Boosted life tip #329
Girlfriends cost money
Turbos cost money
Both make whining noises
Make the smart choice.
Originally posted by Mibz
Always a fucking awful experience seeing spikers. Extra awful when he laps me.
The problem at the moment is that the personal injury stuff on the claims side has gotten out of hand again, just like it was pre-2004. Way back then it wasn't uncommon to see a claim come through with $2,000 - $3,000 in vehicle damage but then the injury payout would be North of $50,000. In 2004 the provincial government amended the Insurance Act to A) bring in the GRID program and B) cap soft tissue injury payouts @ $4K for pain & suffering (minor whiplash essentially). We had stability in the marked for a LONG time and TBH I'm surprised it took the lawyers this long to find a way around the cap. Over the last few years we've seen a return to the $2,000 - $3,000 vehicle damage claims with injury money going well over $50,000 again. How does it happen you ask? Well nobody has whiplash anymore, they all have concussion / TMJ symptoms which are not addressed by the wording on the cap, so all bets are off. The NDP has come out and said to the industry that they aren't going to change anything on their end so we need a change in government and a public appetite to reign in the lawyers again. That kind of shit takes time so that's why my guess is at least 3 - 5 years of complete shit on the auto side of the insurance industry in Alberta. Big rate increases and restricted coverage will be the order of the day until the bullshit injury payouts are addressed.
"Masked Bandit is a gateway drug for frugal spending." - Unknown303
I don't understand the "hp limit" though. A 150hp car can still cause $50g in injuries, and there's a lot more of them out there.