Warning to those in Calgary visiting LFS in SE

[Enigma]

Bummer

Were there no friendly passers-by who took note of the offender's vehicle and plate information?

While I sometimes loathe how big my truck is, at least when I'm parked at the far end of the lot these things don't seem to happen.

[MarkoD]

I've heard that hit and runs and vandalism gets paid out of a city fund.

At least that's what state farm. Never had problems claiming a hit and run

[reefgirl189]

Oh man I feel your pain. No, really, I do. Someone smashed into the front of my benz 5 days ago while I was grabbing lunch. About $2150.00 worth of damage but no point going through insurance as my deductible is $2500.00. This will be my 13th hit and run now. Only 2nd one for this vehicle. No one has ever left me a note or cared to stick around.

What's wrong with people these days? That 'ding' you have there looks really bad. The person resposible couldn't have been going an acceptable parking lot speed to have done that much damage.

[MarkoD]

Originally Posted by reefgirl189

Oh man I feel your pain. No, really, I do. Someone smashed into the front of my benz 5 days ago while I was grabbing lunch. About $2150.00 worth of damage but no point going through insurance as my deductible is $2500.00. This will be my 13th hit and run now. Only 2nd one for this vehicle. No one has ever left me a note or cared to stick around.

What's wrong with people these days? That 'ding' you have there looks really bad. The person resposible couldn't have been going an acceptable parking lot speed to have done that much damage.

2500 deductible? You need a new insurance company!

[Enigma]

Originally Posted by MarkoD

2500 deductible? You need a new insurance company!

Or, her pockets are deep enough that she can pay more out of pocket at the time, to avoid paying more in the future.

I would love to be able to get away with a big deductible. I would save a lot in the end.

[sphelps]

Originally Posted by MarkoD

I've heard that hit and runs and vandalism gets paid out of a city fund.

At least that's what state farm. Never had problems claiming a hit and run

Vandalism is covered under comprehensive so depends on your policy but typically it carries a lower deductible and won't effect premiums. However anything involving another vehicle doesn't fall under vandalism and unless you have a specific policy (uninsured/underinsured) to cover hit and runs a certain way you aren't covered and claiming them is no different than claiming an incident where you're at fault. I've never heard of the city covering such things, why would they cover private property at all?

[sphelps]

Originally Posted by MarkoD

2500 deductible? You need a new insurance company!

Yeah that seems high for a vehicle. Even our home has $1000 deductible and our cars are $450 and those where the standard rates AFAIK, we didn't request lower deductibles.

[Enigma]

Originally Posted by sphelps

Vandalism is covered under comprehensive so depends on your policy but typically it carries a lower deductible and won't effect premiums.

I used to think this, but my next-door-neighbour (who works for a large insurance company) has advised me that this really isn't the case.

She advised me that comprehensive claims may give the insured a higher "risk factor." The higher risk factor will increase the premiums. So, while the comprehensive claim itself will not raise the premiums, the elevated risk factor as a result of the comprehensive claim may. She said that this is especially true of more than one or repeated comprehensive claims.

[sphelps]

Originally Posted by Enigma

I used to think this, but my next-door-neighbour (who works for a large insurance company) has advised me that this really isn't the case.

She advised me that comprehensive claims may give the insured a higher "risk factor." The higher risk factor will increase the premiums. So, while the comprehensive claim itself will not raise the premiums, the elevated risk factor as a result of the comprehensive claim may. She said that this is especially true of more than one or repeated comprehensive claims.

Yeah for sure, it'll depend on the policy.

[reefgirl189]

Originally Posted by sphelps

Yeah that seems high for a vehicle. Even our home has $1000 deductible and our cars are $450 and those where the standard rates AFAIK, we didn't request lower deductibles.

Yeah, it is high! Luckily it comes down at the end of this month as I am no longer considered a high risk driver (under 25 years of age). To be fair I did have a huge claim with my insurance company this year, ($21,000.00 in damage). At the time my deductible was $1000.00 but they raised it after they had to pay out so much for the accident.

When I was in Saskatchewan I remember actually being able to afford insurance. Here in AB the rates are much higher (but then again: so is my hourly wage).