CFN – Day 20 and counting. It also doesn’t look like much will happen soon dear viewers of CFN. Economical Insurance has really stunned this scribbler.
A viewer sent in the link to explain my accident to me according to the laws of Ontario. LINK
Economical to date is still refusing to resolve my claim. They sent in a low ball evaluation of my poor 21 year old Mercedes with only 94 thousand KM and then are insisting on only paying 50% of their lowball value and 50% of any rental car.
I’ve been lucky enough to be able to survive so far without my baby, but how many people can’t afford to do so and out of desperation take a beating by Economical and the Insurance industry in Ontario? All I asked for was my car fixed or enough cash to purchase something comparable. Nothing more. Nothing extra. It was my first car crash in over 30 years of driving and over eight years with this company and broker.
Stunning. My letters to CEO Karen Gavan also have gone unanswered. They even wanted me to see a Physiotherapist in Embrun, over an hour away. I asked what’s wrong with the many physio shops here in Cornwall and they backed down on that.
I now have to try their company ombudsman or sue them; both of which will take time and money. It does appear to be a smart strategy for insurance companies. After all how many customers will go through that process at the end of the day.
Which is why we really need a strong reform of the insurance industry in Ontario. If the government is going to mandate insurance then insurance companies should not be allowed to pull this kind of abuse and there should be quick remedies when they do.
It’s just bad business and to add insult to injury I’ll basically be stuck with my company. I phoned a few brokers and my rates would jump nearly four fold if I switch at this point which essentially makes drivers in my position Economical hostages!
Sadly my broker has been silent in this mess as well and of no assistance in resolving this issue.
What are you insurance nightmares? You can post them below.