TRUXterra Posted May 31, 2013 Report Share Posted May 31, 2013 I understand how it is worded and read, however, insurance companies are refusing to insure modified vehicles, even those that they had insured in the past. 3 members have encountered this issue in the past 2 months. Just make a couple calls to get quotes to see what I'm talking about. Tell them upfront that you have a suspespension lift and they will tell you your vehicle is high risk and charge you an unbelievable premium. The broker who was able to get me coverage at a reasonable cost, mentioned the changes as of April 2013 and was telling me that this situation is going to escalate as renewal dates approach, though the changes she spoke of could be industry based, not legislative. Any vehicle with a modified suspension is now deemed high risk and that includes cars that are lowered. Link to comment Share on other sites More sharing options...
Eastcoastcam Posted May 31, 2013 Report Share Posted May 31, 2013 These changes were probably encouraged quietly from our government to avoid the backlash directly from the owners of modded vehicles... :ninja: ***pulls tinfoil hat out of drawer and slowly puts on head...*** :ninja: Link to comment Share on other sites More sharing options...
autumnwalker Posted May 31, 2013 Report Share Posted May 31, 2013 3 members have encountered this issue in the past 2 months. Just make a couple calls to get quotes to see what I'm talking about. Tell them upfront that you have a suspespension lift and they will tell you your vehicle is high risk and charge you an unbelievable premium. This has always been an issue; I think the insurance companies are using the law changes as a crutch. Link to comment Share on other sites More sharing options...
TomWood Posted May 31, 2013 Report Share Posted May 31, 2013 http://www.gov.ns.ca/just/regulations/regs/iautoup.htm This document clearly states that an insurance company cannot: (a) refuse to issue a contract; (b) refuse to renew a contract; © terminate a contract; or (d) refuse to provide or continue any coverage or endorsement in respect of a contract, (2) The prohibited grounds for refusal or termination for the purposes of subsection (1) are (a) the age of the insured, the applicant, or any other person who is or would be an insured under the contract; (b) the sex or marital status of the insured, the applicant, or any other person who is or would be an insured under the contract; © the age of the vehicle that is or would be insured under the contract, unless the vehicle (i) is an antique vehicle, (ii) is a reconstructed vehicle, or (iii) has been substantially modified for enhanced performance; Discuss :D Link to comment Share on other sites More sharing options...
TomWood Posted May 31, 2013 Report Share Posted May 31, 2013 http://www.gov.ns.ca/just/regulations/regs/iprorisk.htm Another neat document on insurance regulations Link to comment Share on other sites More sharing options...
TRUXterra Posted May 31, 2013 Report Share Posted May 31, 2013 I think that Scott and James are correct. The insurance companies are starting to enforce rules that they did not in the past. A lot of it is likely due to the amount of $$ people are now spending on modifying their vehicles. Link to comment Share on other sites More sharing options...
RobertMcC Posted May 31, 2013 Report Share Posted May 31, 2013 These changes were probably encouraged quietly from our government to avoid the backlash directly from the owners of modded vehicles... :ninja: ***pulls tinfoil hat out of drawer and slowly puts on head...*** :ninja: James borrow my hat.... On a Serious Note. It doesn't take much to sink 10K into a vech. I just renewed my Insurance nothing was said about modification ( only my electrical equipment ) Just went down to 58.71 a month. Link to comment Share on other sites More sharing options...
RobSinclair Posted May 31, 2013 Report Share Posted May 31, 2013 DCPD means that your insurance company pays for your damages regardless of who is at fault. They cannot and do not go after the other company. That is for vehicle to vehicle claims only. The example above of vehicle to house is different. Link to comment Share on other sites More sharing options...
BlackPrintz Posted June 1, 2013 Report Share Posted June 1, 2013 I may be guessing, but if you only have the basic PLPD, none of the above is even an issue. It's probably the collision and comp parts that are affected. :king: Link to comment Share on other sites More sharing options...
TomWood Posted June 5, 2013 Report Share Posted June 5, 2013 Not to bring this up, but I was just told by one company that due to my driving record the lift kit wont be an issue. Link to comment Share on other sites More sharing options...
autumnwalker Posted June 5, 2013 Report Share Posted June 5, 2013 Not to bring this up, but I was just told by one company that due to my driving record the lift kit wont be an issue. Now that is some interesting input. Link to comment Share on other sites More sharing options...
Eastcoastcam Posted June 5, 2013 Report Share Posted June 5, 2013 Not to bring this up, but I was just told by one company that due to my driving record the lift kit wont be an issue. Did this come from the insurance COMPANY or the insurance BROKER? Link to comment Share on other sites More sharing options...
TomWood Posted June 5, 2013 Report Share Posted June 5, 2013 Broker, confirming with the company shortly, will update as I get the notification. Link to comment Share on other sites More sharing options...
TomWood Posted June 5, 2013 Report Share Posted June 5, 2013 Quoted 1237 for PLPD with comprehensive. Stated the lift kit shut me out of most companies, 109 a month with two months down payment. Through AA Munroe Insurance. Link to comment Share on other sites More sharing options...
TRUXterra Posted June 5, 2013 Report Share Posted June 5, 2013 Who is the carrier? AA Munro is the broker Link to comment Share on other sites More sharing options...
TomWood Posted June 5, 2013 Report Share Posted June 5, 2013 They did not provide the carrier, will find out. Just been informed they got another carrier to approve, waiting to find out who, 614 for the year, 52 a month and no down payment. This is from AA Munroe broker and the agent is Aneill MacCaull Link to comment Share on other sites More sharing options...
TomWood Posted June 5, 2013 Report Share Posted June 5, 2013 Portage is the Insurance Company, AA Munroe the broker. They deal with modifications on a case by case rule. Link to comment Share on other sites More sharing options...
autumnwalker Posted June 5, 2013 Report Share Posted June 5, 2013 Have you tried Anderson Brown Insurance? Raielle Rodgers has been great to deal with. Link to comment Share on other sites More sharing options...
TomWood Posted June 5, 2013 Report Share Posted June 5, 2013 Will give them a contact as well, this started as just an exploratory search to see what I would be told at different brokers IE the modifications. Now its turning into new insurance hunt lol. Link to comment Share on other sites More sharing options...
4x4Mckay Posted June 5, 2013 Report Share Posted June 5, 2013 One duff mentioned is awesome to deal with! Link to comment Share on other sites More sharing options...
Eastcoastcam Posted June 5, 2013 Report Share Posted June 5, 2013 I will be calling around. I would like to pay less, if posssible. A dollar saved per month for insurance is a dollar to spend on wheeling trips & parts :P!!! Link to comment Share on other sites More sharing options...
TomWood Posted June 5, 2013 Report Share Posted June 5, 2013 Exactly, give the guy I was speaking with a call, and Duffs agent as well. I will be calling them later today. Link to comment Share on other sites More sharing options...
TomWood Posted June 5, 2013 Report Share Posted June 5, 2013 ABC with Raielle was more expensive than current, but still good pricing, Jeep was under 500 a year, Julies car was 710 a year, and apartment 209 a year. Monthly payments were 15 dollars more per month than our current one. Link to comment Share on other sites More sharing options...
FLTLNR Posted June 5, 2013 Author Report Share Posted June 5, 2013 update! although not much. more traffic back and forth, but as of right now the underwriter wants to know the cost of the parts and install. i sent off saying total cost would = appx 24,000$ Link to comment Share on other sites More sharing options...
RobertMcC Posted June 5, 2013 Report Share Posted June 5, 2013 Mine said nothing about lifting... I went to add another policy to my insurance... I pay a wopping 58$/Mo for full coverage on my truck. Link to comment Share on other sites More sharing options...
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