Quote:

---

Originally posted by hchheda

Quote:

---

Originally posted by sanjeevm

Quote:

---

Originally posted by pari2

My car was stolen last wknd..was wondering if the insurance company pays out the loan (financed) . My loan is about 20,000 ..or do they only pay the book value of the car as of today!! any suggestions..

---

Hi pari,
I am sorry to hear about your stolen vehicle.
Since you have mentioned that the car was financed, was it bought brand new? You got to check on your insurance policy if you have OPCF 43 (endoresment 43) included or not. It is the waiver of depreciation for 2 years from the date of purchase, offered by the insurance companies at some extra premium but you can get it only:
either on the brand new car OR the demo vehicle which are less than 12000 kms on meter. (each company may have different policies and guidelines on this so it is better to check with your insurance company).
If you had OPCF 43, then I think you should be OK. And if you did not have OPCF 43 but you bought the brand new car and unfortunately insurance agent or broker did not offer you OPCF 43 as well, you may try fighting with the insurance company because as a consumer, you would not know anything about 43. As I said, you may TRY. You never know....right?

Keep the forum posted.

Good luck

---

Sanjeevji,

Pari2's car was stolen in 2008 - by now he/she already has a another care.
But your reply still helps the new poster - pardesi canadamein.

Just wanted to say hello....


Hiren

---

-----------------------------------------------------------------
Sanjeev Manocha, MBA
Real Estate Sales Representative
Accredited Buyer Representative (ABR)

Re/Max West Realty Inc, Brokerage
96, Rexdale Blvd., Toronto

Mobile: 416-843-7600
Office: 416-745-2300
http://www.manocharealty.com" rel="nofollow">LINK

Quote:

---

Originally posted by sanjeevm

Quote:

---

Originally posted by hchheda

Quote:

---

Originally posted by sanjeevm

Quote:

---

Originally posted by pari2

My car was stolen last wknd..was wondering if the insurance company pays out the loan (financed) . My loan is about 20,000 ..or do they only pay the book value of the car as of today!! any suggestions..

---

Hi pari,
I am sorry to hear about your stolen vehicle.
Since you have mentioned that the car was financed, was it bought brand new? You got to check on your insurance policy if you have OPCF 43 (endoresment 43) included or not. It is the waiver of depreciation for 2 years from the date of purchase, offered by the insurance companies at some extra premium but you can get it only:
either on the brand new car OR the demo vehicle which are less than 12000 kms on meter. (each company may have different policies and guidelines on this so it is better to check with your insurance company).
If you had OPCF 43, then I think you should be OK. And if you did not have OPCF 43 but you bought the brand new car and unfortunately insurance agent or broker did not offer you OPCF 43 as well, you may try fighting with the insurance company because as a consumer, you would not know anything about 43. As I said, you may TRY. You never know....right?

Keep the forum posted.

Good luck

---

Sanjeevji,

Pari2's car was stolen in 2008 - by now he/she already has a another care.
But your reply still helps the new poster - pardesi canadamein.

Just wanted to say hello....


Hiren

---

Hiren Bhai,
A BIG and WARM Hello!

I didn't notice the date mentioned on the original post But anyway, I believe the informaion might help other CDs.

Take care,

---