Quote:
Originally posted by Maharaj
Quote:
Originally posted by gktaurus
nashtar bhi lagaate ho to marham ki tarah ...
C'mon CDs - don't be dat dumb stuck - put it to perspective n think. As far as I understood it looks like a shot to who he quoted ...
I am aware of where it was being pointed to, however in my opinion it wasn't necessary at all.
Quote:There is a risk with that.
Originally posted by tamilkuravan
Canot fully understand your statement, but you have a choice of cancelling your full insurance and then getting a new insurance after you come. TD monnex cancels insurance on the day you call to cancel (there is no 30 day wait time as in Rogers for example)
Most insurers require continous coverage in previous years when issuing new policy.
If there is a gap of 2 months with no insurance at all, you may have a problem sometime in the future when trying to get new insurance.
You should maintain some level of coverage.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
Quote:
Originally posted by pratickm
Quote:There is a risk with that.
Originally posted by tamilkuravan
Canot fully understand your statement, but you have a choice of cancelling your full insurance and then getting a new insurance after you come. TD monnex cancels insurance on the day you call to cancel (there is no 30 day wait time as in Rogers for example)
Most insurers require continous coverage in previous years when issuing new policy.
If there is a gap of 2 months with no insurance at all, you may have a problem sometime in the future when trying to get new insurance.
You should maintain some level of coverage.
I think i agree with all the above suggestions and probably canceling insurance for just a couple of months aint a good idea after all. I am going to keep it, I was more curious to know if the norm for insurance companies is to ask the clients to keep paying regular premiums until the suspension is over and full insurance resumes. Wondering if there are any other experiences any one has had with their insurance providers.
Posts: 5775
Location: God's own country
Posted on: 26-10-09 17:59:38
Location: God's own country
Posted on: 26-10-09 17:59:38
Quote:
Originally posted by Cougar
I think i agree with all the above suggestions and probably canceling insurance for just a couple of months aint a good idea after all. I am going to keep it, I was more curious to know if the norm for insurance companies is to ask the clients to keep paying regular premiums until the suspension is over and full insurance resumes. Wondering if there are any other experiences any one has had with their insurance providers.
I am with the above company only.
What they do is :
Assume that it is $2400 for 1 year premium. You pay $200 monthly.
Now for 2 months you will be leaving the country and the insurance is around $100 a month for the next 2 months and then after you come back from India, your insurance will be $ 200 a month again. So they will add up all this until May 2010, and charge a new amount (Say $175 a month as an example but always less than $200 a month). Now this amount, (Say $175) will now be taken from your bank account every single month till MAy 2010 (when your insurance ends).
TD Melonche Monnex will issue a new statement, New insurance cards to reflect the same. They are very efficient and prompt in this matter.
To Pratick M,
Last month I was trying to get the quotes of major insurance companies and answered their questionairs. No where was COntinuous insurance mentioned but they did ask the coverage period in the past. Not sure if there is any fine print. They also ask for Major / Minor tickets, License suspension in the past 3 years, When you got your G1, G2 and G, any at fault accidents etc... I did hide one major factor (which they may never find out anyways)and got a very good quote from Johnson Insurance. However, I did not take it as I did not want the insurance to be void when I got into an accident or so. So I am still paying $20 a month extra for TD meloche Monnex.
Hope this helps.
Peace by TK
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I am a Gents and not a Ladies.
Quote:
Originally posted by tamilkuravan
Quote:
Originally posted by Cougar
Assume that it is $2400 for 1 year premium. You pay $200 monthly.
Now for 2 months you will be leaving the country and the insurance is around $100 a month for the next 2 months and then after you come back from India, your insurance will be $ 200 a month again. So they will add up all this until May 2010, and charge a new amount (Say $175 a month as an example but always less than $200 a month). Now this amount, (Say $175) will now be taken from your bank account every single month till MAy 2010 (when your insurance ends).
Thanks TK. this is exactly what they are telling me and i wanted to verify. Much appreciated.
