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Re: guaranteed replacement cost

Heather1 14 May 2012 23:55
in discussion General Questions / General Insurance Questions. » guaranteed replacement cost

That is a good question. Guaranteed replacement only applies if you can rebuild. So situations like by-laws that have restrictions or your situation of a floodway leave you in a tough spot. What is usually done is an actual cash value settlement. This can be as low as 50%. Work with the adjuster from the insurance company - ask him/her for a solution that will work for everyone. Believe it or not, they do want to try to be fair. Unfortunately sometimes muncipcal/provincial/federal regulations will stop them from "doing the right thing". Good luck.

guaranteed replacement cost

Jimmy (guest) 12 May 2012 01:21
in discussion General Questions / General Insurance Questions. » guaranteed replacement cost

my house was damaged by oil leakage in a flood. it must be demolished and the site cannot be rebuilt upon as it is now considered a floodway. my insurance won't pay under the guaranteed replacement cost since it would not be on the same site. what is my recourse here?

Best Insurance policy life, car, travel, health- Policy Mantra

rahuldagrt 08 Feb 2012 05:18
in discussion General Questions / General Insurance Questions. » Best Insurance policy life, car, travel, health- Policy Mantra

A homeowner is backing out of his garage, forgets to open the garage door and causes a $1000 worth of damage to the door. The Car is undamaged, the homeowner has autoliability and comprehensive insurance but not collision.

Best Insurance policy life, car, travel, health- Policy Mantra

rahuldagrt 08 Feb 2012 05:17
in discussion General Questions / General Insurance Questions. » Best Insurance policy life, car, travel, health- Policy Mantra

That is a good insurance question. This is one of the basic insurance fault rules. when you are in reverse and someone gets hit then you are going to be at fault. If you reverse into someone else who is driving in reverse then you would both be at fault.

Now what happens? If you have collision coverage then you can put in a claim for the damage to your vehicle. If you did not buy collision then you will pay for your own damage. The damage you have done to the person you hit is covered under your liability.

CFHGEO (guest) 20 Jan 2012 01:32
in discussion General Questions / General Insurance Questions. » garage door damage

A homeowner is backing out of his garage, forgets to open the garage door and causes a $1000 worth of damage to the door. The Car is undamaged, the homeowner has autoliability and comprehensive insurance but not collision.

The homeowner has "Condo" insurance which covers bodily injury liability, damage to the interior of the house and loss of house contents.

The local HOA has a group homeowners policy that covers structural damage to the exterior of the house, such as roof, paint, walls, fences etc that result from fire or natural disasters.

As the homeowner's negligence while driving caused the damage to his garage door, an exterior appertenance of his house, to which policy should the homeowner's claim be directed, (auto, condo or group HOA homeowner's policy)??

Does it really matter which insurance company gets the claim first given subrogation protocols between companies?

What is the key fact of this case that determines to which company the claim should be directed ?

Re: Limiting Liability

Heather1 11 Jun 2011 15:22
in discussion General Questions / General Insurance Questions. » Limiting Liability

Hi Claude - this is an interesting topic and thanks for bringing it up.

Alberta's amending the requirements for home inspections stating that a provincial license is required by September will certainly have an impact on the inspectors themselves. To purchase insurance coverage a home inspector has to provide proof of experience and/or education.

These policies are quite expensive as they cover not only the liability for a mistake made under negligence (failing to do what a reasonable person should have done) but also errors and omissions (higher standard held due to person being a professional). Any claim presented is always examined for has there been injury, has someone declared the injury and what level is available to address the injury.

At the current time waivers have been used to limit an inspector getting sued but this will become a thing of the past with the new regulations. This is good for the home buyer as their purchase is often determined by a "good" home inspection.

My thought is that this is good for the home buyer and the insurance industry will benefit from increased sales of liability policies and bonds. These costs will have to be passed down to the home inspectors' clients but revenue from one inspection a month would about equal the insurance costs. Overall this could also weed out the less committed home inspectors and improve the standard of the industry.

Limiting Liability

Claude Lawrenson (guest) 11 Jun 2011 00:10
in discussion General Questions / General Insurance Questions. » Limiting Liability

A question in respect to the new Alberta home inspector licensing. What do you see as the impact on home inspectors and insurers regarding the typically common language to limit a home inspectors liability to say the cost of the home inspection?

There seems to be mixed review by inspectors whether this will increase premiums, or whether legal precidents that have upheld such a claim to minimize inspectors being unfairly targeted.

Opinions please.

Bought the Karmin G3 Salon Pro!

Jcontreras (guest) 07 Apr 2011 16:28
in discussion General Questions / General Insurance Questions. » Bought the Karmin G3 Salon Pro!

I just bought the Karmin G3 Salon Pro styling iron from http://www.hairtools.ca and really love it, now I need a good shampoo. Does anyone have a good recommendation for a good shampoo?

I algo bought this straightener, it's the best I have tried and my hair loves it. http://karmin.ca/imgs/g3pro-bk.jpg

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in discussion General Questions / General Insurance Questions. » casinos en ligne

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Credit en ligne (guest) 04 Oct 2010 17:08
in discussion General Questions / General Insurance Questions. » casinos en ligne

very interesting article, thanks

Response to "Gambling is good"

Heather1 28 Sep 2010 02:36
in discussion General Questions / General Insurance Questions. » casinos en ligne

Yes, if it is under control. We know it can be a problem as well as fun. So it is a question of balance. Just like most things in life.

Maxime (guest) 26 Sep 2010 23:19
in discussion General Questions / General Insurance Questions. » casinos en ligne

Yes it's true, gambling is good. <a href="http://zetopok.unblog.fr">site de poker en ligne</a>

Betclic (guest) 21 Sep 2010 06:45
in discussion General Questions / General Insurance Questions. » casinos en ligne

very good information thanks

Re: casinos en ligne

Heather1 13 Sep 2010 02:14
in discussion General Questions / General Insurance Questions. » casinos en ligne

Or it could be something like a gambler's vision because "reading" the other player is such an important part of the process. It just goes to show you that if you have the money you can insure just about anything!

Re: casinos en ligne

Lucy (guest) 08 Sep 2010 06:52
in discussion General Questions / General Insurance Questions. » casinos en ligne

Thats a very novel idea, that an insurance underwriter would insure a gamblers body part - maybe the forefinger of a poker player, so they can no longer hit for a card? What an easy job though!
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Re: How Do SUV Rollover Accidents Happen?

Heather1 06 Sep 2010 23:54
in discussion General Questions / General Insurance Questions. » How Do SUV Rollover Accidents Happen?

Thank you for letting us know what you think. Interesting and educational is our goal.

Re: How Do SUV Rollover Accidents Happen?

poker (guest) 06 Sep 2010 22:25
in discussion General Questions / General Insurance Questions. » How Do SUV Rollover Accidents Happen?

Good advice thanks great forum !

Re: At Work

Heather1 04 Sep 2010 01:52
in discussion General Questions / General Insurance Questions. » At Work

Good question! Department of Transport tickets can apply strictly to the vehicle and not the driver. This record of infractions is called a "carrier profile". Not all insurers will request a carrier profile when they do commercial insurance. It certainly can affect the rate that company will pay for insurance.

If you receive a ticket from a sheriff or other peace officer then it can affect the driving record. It all depends on the type of ticket they give you. Insurance usually only rates on "moving violations" such as speeding, fail to stop, improper turn, etc.

Most companies have a safety program. Part of the safety program would be that the vehicles be properly equipped for towing trailers. Part of most safety programs is for drivers to do a walk around the vehicle for a visual inspection prior to taking the vehicle on the road. You should bring this to the attention of the safety officer or fleet manager. A trailer not properly attached to the towing vehicle could be very dangerous.

At Work

PolarMan (guest) 02 Sep 2010 01:47
in discussion General Questions / General Insurance Questions. » At Work

If Im driving a company vehicle, pulling a trailer and the vehicle isn't properly equipped to safely tow the trailer, and I'm pulled over and given a ticket from DOT, will this affect my insurance or the companies?

Re: Flood Insurance

Ellen G. (guest) 15 Jul 2010 03:44
in discussion General Questions / General Insurance Questions. » Flood Insurance

Thank you very much. I really appreciate your advice and time. Take care.

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