Sorry to say it is not BS. This is whats going on right now. One larger insurer right now is in the midst of planning their exit and others are thinking about it. Companies dont exist by losing money every year.
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Originally Posted by Jbo
Just dealt with this. After years with Lakeview Insurance Brokers I get my renewal and rates for two cars (Wife and I) and our property, and it had gone up 700 bucks a year. Needless to say I hit the roof. I was insured with Wawenesa. No claims or tickets to change things.
Talked with the Broker who used a few excuses including some insurance companies trying to pull out of Alberta (?), recent floods and hail, and what I consider to be other BS.
Shopped around at quite a few places: AMA, Intact, but actually found Scotiabank to have the best prices. Ended up saving a couple hundred a year moving everything over.
Overall in the process, found the Bank's to offer the best deals overall. I know you said you were with TD, but worth it to talk to RBC, Scotia.
Be prepared to prepare the same damn information over and over, but if you have some patience can find something.
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