Meloche Monnex cancelled me for a supercharger

[CanadianCamaro]

Originally Posted by Giggy

If you fart in your car will they cancel your insurance for burning high octane!!

Only after kidney beans

[Riderover40]

Update ! So after much searching, I was turned down by 7 replies via internet quotes, 13 direct requests via telephone, and around 8 refusals by email responses. I was desperate to find a broker or agent willing to "listen" and go to one of their underwriters that they knew would listen also. A Light Bulb goes on in my head, the name of an old aquaintance comes to mind through whom I had insurance with many years ago but I recall seeing that his little one office business had grown to eight offices throughout southern ON! I called him, he was happy to hear from me of course. I spent a half hour reminiscing before I even mentioned why I called. He took my info, hung up, called back in twenty minutes with a quote! Wow ! "North Waterloo Farmers Mutual" is one of a smaller group of insurance company set up in the past to provide farms with fair insurance coverage. I am paying a premium for the coverage but only to the tune of another $40 month on top of the $97 monthly thru Meloche Monnex. Get this though, my property insurance went down $30 a month !! Worked out pretty good for me. Jeannie, however, sees her premium increase by $25 monthly....... we are looking for better for her but she wont see multi product and multi vehicle discounts. Anyways, keep my new find in mind if you are in Ontario and require coverage for your Camaro with Performance Mods !!

[RickRay]

Originally Posted by Riderover40

Update ! So after much searching, I was turned down by 7 replies via internet quotes, 13 direct requests via telephone, and around 8 refusals by email responses. I was desperate to find a broker or agent willing to "listen" and go to one of their underwriters that they knew would listen also. A Light Bulb goes on in my head, the name of an old aquaintance comes to mind through whom I had insurance with many years ago but I recall seeing that his little one office business had grown to eight offices throughout southern ON! I called him, he was happy to hear from me of course. I spent a half hour reminiscing before I even mentioned why I called. He took my info, hung up, called back in twenty minutes with a quote! Wow ! "North Waterloo Farmers Mutual" is one of a smaller group of insurance company set up in the past to provide farms with fair insurance coverage. I am paying a premium for the coverage but only to the tune of another $40 month on top of the $97 monthly thru Meloche Monnex. Get this though, my property insurance went down $30 a month !! Worked out pretty good for me. Jeannie, however, sees her premium increase by $25 monthly....... we are looking for better for her but she wont see multi product and multi vehicle discounts. Anyways, keep my new find in mind if you are in Ontario and require coverage for your Camaro with Performance Mods !!

Great to hear that everything is alright..

[CanadianCamaro]

I still can't believe you had so many turn-downs. I mean there are tons of supercharged cars out there (yes, stock supercharged plus aftermarket superchargers) and you know that while some don't tell, many do. Increase your rate I can see b/c they see the higher replacement cost but also increased risk. Remember that risk = reward. So to insurance companies, higher risk means they want higher reward. The only problem is the game is rigged. The law says everyone must have more insurance than they really need and our governments have let the insurance companies get away with murder on the rates. Oh yea, and on top of all that, no fault insurance is just like a license for them to increase rates for everyone. It certainly is a win-win situation..... if you're in the insurance business - which I guess we all should be

[Riderover40]

Originally Posted by CanadianCamaro

I still can't believe you had so many turn-downs. I mean there are tons of supercharged cars out there (yes, stock supercharged plus aftermarket superchargers) and you know that while some don't tell, many do. Increase your rate I can see b/c they see the higher replacement cost but also increased risk. Remember that risk = reward. So to insurance companies, higher risk means they want higher reward. The only problem is the game is rigged. The law says everyone must have more insurance than they really need and our governments have let the insurance companies get away with murder on the rates. Oh yea, and on top of all that, no fault insurance is just like a license for them to increase rates for everyone. It certainly is a win-win situation..... if you're in the insurance business - which I guess we all should be

Well, from asking around I have discovered the truth in what you say that you find it hard to believe I had so many turn downs....... everyone except one person said they did not/would not tell the insurance that they have mods ! Matter of fact is that most of everyone I talked to is holding back info from the insurance companies! Here's the low down:

The insurance co/broker, by law, has to use this standard Auto insurance application form: http://www.fsco.gov.on.ca/english/fo...oaf1-11-05.pdf

Under the form title it says you must: "notify your Broker/Agent of any errors or of any changes in the future."

Section three vehicle description section: "Modified/customized", if you have mods you have to check yes! and then supply the particulars. and then read the "Applicant's declaration"

Warning - The Insurance Act provides that where:
(a) an Applicant for a contract, (i) gives false particulars of the described automobile to be insured to the prejudice of the Insurer,
or (ii) knowingly misrepresents or fails to disclose in the application any fact required to be stated therein; or (b) the Insured
contravenes a term of the contract or commits a fraud; or (c) the Insured wilfully makes a false statement in respect of a claim
under the contract, a claim by the Insured, for other than such statutory accident benefits as are set out in the Statutory Accident
Benefits Schedule, is invalid and the right of the Insured to recover indemnity is forfeited. this simply means that you get zero dollars for a claim if the insurer proves the above!!

and furthermore, there is only a few reasons that the insurer can cancel your policy: failure to pay premiums, providing false information or lastly, a change in material risk......... an example of change in material risk is "a performace modification".

I fail to see how, ethically, I could have gotten around this. Some years back I may have lied to my insurer and not lost any sleep over it. Today I feel different about it and I have trouble with being dishonest. Again, it is all about our own ethics and everybodys ethics are different so to each his own.

[CanadianCamaro]

Originally Posted by Riderover40

Well, from asking around I have discovered the truth in what you say that you find it hard to believe I had so many turn downs....... everyone except one person said they did not/would not tell the insurance that they have mods ! Matter of fact is that most of everyone I talked to is holding back info from the insurance companies! Here's the low down:

The insurance co/broker, by law, has to use this standard Auto insurance application form: http://www.fsco.gov.on.ca/english/fo...oaf1-11-05.pdf

Under the form title it says you must: "notify your Broker/Agent of any errors or of any changes in the future."

Section three vehicle description section: "Modified/customized", if you have mods you have to check yes! and then supply the particulars. and then read the "Applicant's declaration"

Warning - The Insurance Act provides that where:
(a) an Applicant for a contract, (i) gives false particulars of the described automobile to be insured to the prejudice of the Insurer,
or (ii) knowingly misrepresents or fails to disclose in the application any fact required to be stated therein; or (b) the Insured
contravenes a term of the contract or commits a fraud; or (c) the Insured wilfully makes a false statement in respect of a claim
under the contract, a claim by the Insured, for other than such statutory accident benefits as are set out in the Statutory Accident
Benefits Schedule, is invalid and the right of the Insured to recover indemnity is forfeited. this simply means that you get zero dollars for a claim if the insurer proves the above!!

and furthermore, there is only a few reasons that the insurer can cancel your policy: failure to pay premiums, providing false information or lastly, a change in material risk......... an example of change in material risk is "a performace modification".

I fail to see how, ethically, I could have gotten around this. Some years back I may have lied to my insurer and not lost any sleep over it. Today I feel different about it and I have trouble with being dishonest. Again, it is all about our own ethics and everybodys ethics are different so to each his own.

Completely agree - but then again the ambiguity causes the problem for us and the right for the insurance companies to screw us. What constitutes a performance modification? I mean seriously. So John Smith has a 2010 2SS and adds a GMPP CAI and Cat back exhaust. Parts provided through the selling retailer, covered by the manufacturer's warranty, and they add what - 15-25 HP (approximately). So in reality, does that cause such a huge increase in the insurance company's risk that they should have the right to either (a) deny insurance or (b) jack John's rates?!?? But the law allows them to do this - at their discretion. Total BS. OK so say John has a 2010 mustang and puts on a supercharger. That get's him what? 450hp (let's just say). Bam - insurance denied. OK then. He sells the mustang and goes out and buys a CTS-V or even a ZR-1 (remember, hypothetical situation here). He get's insurance. Sure it costs more b/c the cars are worth more. But I'd be willing to bet that John would get insurance (I'm assuming John is 35+ year-old with a decent record). See how they can suck and blow at the same time?!?!! But the insurance laws allow them to do this.

These are all the things we let our politicians put in place people!

You're right - Everyone needs to make a choice on whether they disclose information or not. If the insurance companies wanted to really get people, they'd come onto boards like this and check out everone's signatures .

PS - I'm not debating or disagreeing with you - I actually completely agree. Just pointing out the same frustrations that you're experiencing.

[Riderover40]

Originally Posted by CanadianCamaro

Completely agree - but then again the ambiguity causes the problem for us and the right for the insurance companies to screw us. What constitutes a performance modification? I mean seriously. ........out everone's signatures .

PS - I'm not debating or disagreeing with you - I actually completely agree. Just pointing out the same frustrations that you're experiencing.

Funny that you pointed out the degree of the "mod" because Meloche cancles you for "any" engine mod" and to tell you how rediculous they are about it they told me they can cancel for a custom paint job, by law they can cancel for any mod dependant on what aamount of risk increase they want to underwrite.......I have to agree with you, it is all total BS. !!

[Allanski]

Where did you get your supercharger, Canada or US and who did it??
Looking to get my 2012 vert SC'd
thanks