Post by Albertabuck on Nov 27, 2020 19:07:45 GMT -6
Had an interesting conversation with an insurance broker this afternoon. My auto policy with Wawanesa runs out in about ten days and I still haven't got the renewal, appearently they are months behind with such, I am supposed to be getting some temp pick cards issued to me next week, who knows when the actual policy and the bill will arrive lol. Blame Kung flu they say....
Its thru that Brokerlink setup, what a gong show really, IMO its like buying groceries at the Wally Mart, you're nobody. far cry from what I am used to with the personal hands on broker experience I've seen for fourty years, couldn't even get anyone local, but perhaps that was a good thing as I ended up having a long chat with a commercial and farm broker from down Southern AB. This guy knows his stuff and once he realized he didn't need to worry about being PC, we really got into things. Long and short, how commercial and farm insurance is calculated and charged is changing and in a big way. Particularly when it comes to transport and commercial vehicles post Humboldt. What really triggered it was when I was asking why I pay more for liability insurance on my Scona scissor neck lowboy and belly dump gravel trailer than I do for the two trucks that pull them. Its to do with how the rates are changing and where farm use for some classes or types of commercial units are no longer being recognized. Makes sense when you look at the ones with the additional charges, and not a lot one can do about it. So we gotta live with that one now.
Now I know most of you think I am some kind of asshole for saying right out farmers should not be given some special privileged to put inexperienced and untrained drivers in farm plated trucks just because farmers say they can't afford the training or wages for experienced ones. Well turns out, I'm not the only one who sees it that way, so do those same insurance companies, which are also writing the policies on your 70K pickups and 700K combines and tractors, so they know you are not broke and can easily afford it, its just a matter of you don't want to have to pay it.
And since the governments have repeatedly caved in and extended the exemption on MELT, since ultimately the buck stops with the insurance company in the end when the bill for the wreck comes in thru the courts, with payouts nowadays in the millions at min, they are now implementing insurance charged at rates determined by verifiable expereince of the driver(s) to make up for it.
So, you have good expereince or training, insurance is cheaper, you don't, you pay thru the nose.
So bitch at me all you want, I'm just passing on the message here, but what it comes down to you either gonna have to pay for training or wages, or pay the higher cost for the insurance, as utimately, its the insurance companies who are bearing the brunt of the cost when things go bad. First time I have ever heard of this "verifiable experience" factor, makes sense really, no diff than how a young kid cuts a break on their first few years insurance after passing driver education courses.
Its thru that Brokerlink setup, what a gong show really, IMO its like buying groceries at the Wally Mart, you're nobody. far cry from what I am used to with the personal hands on broker experience I've seen for fourty years, couldn't even get anyone local, but perhaps that was a good thing as I ended up having a long chat with a commercial and farm broker from down Southern AB. This guy knows his stuff and once he realized he didn't need to worry about being PC, we really got into things. Long and short, how commercial and farm insurance is calculated and charged is changing and in a big way. Particularly when it comes to transport and commercial vehicles post Humboldt. What really triggered it was when I was asking why I pay more for liability insurance on my Scona scissor neck lowboy and belly dump gravel trailer than I do for the two trucks that pull them. Its to do with how the rates are changing and where farm use for some classes or types of commercial units are no longer being recognized. Makes sense when you look at the ones with the additional charges, and not a lot one can do about it. So we gotta live with that one now.
Now I know most of you think I am some kind of asshole for saying right out farmers should not be given some special privileged to put inexperienced and untrained drivers in farm plated trucks just because farmers say they can't afford the training or wages for experienced ones. Well turns out, I'm not the only one who sees it that way, so do those same insurance companies, which are also writing the policies on your 70K pickups and 700K combines and tractors, so they know you are not broke and can easily afford it, its just a matter of you don't want to have to pay it.
And since the governments have repeatedly caved in and extended the exemption on MELT, since ultimately the buck stops with the insurance company in the end when the bill for the wreck comes in thru the courts, with payouts nowadays in the millions at min, they are now implementing insurance charged at rates determined by verifiable expereince of the driver(s) to make up for it.
So, you have good expereince or training, insurance is cheaper, you don't, you pay thru the nose.
So bitch at me all you want, I'm just passing on the message here, but what it comes down to you either gonna have to pay for training or wages, or pay the higher cost for the insurance, as utimately, its the insurance companies who are bearing the brunt of the cost when things go bad. First time I have ever heard of this "verifiable experience" factor, makes sense really, no diff than how a young kid cuts a break on their first few years insurance after passing driver education courses.
