Hidden cancellation fees! Run!
by Upset former client on Jul 9, 2019
1 out of 5 stars
I've been insured with Intact since I got my licence 4 years ago. It's gone down every year, and now all of a sudden it jumps from $1600/ year to $2200. I've got no claims or tickets. Needless to say I'm shopping for new insurance and will not be an Intact customer again.
I insured a motorcycle in May and paid double premiums during the summer months. Jevco, who Intact absorbed also did this but then took no payments during the winter months. Intact is now charging me monthly starting in October with no adjustment for the extra 6 months of payments they have already taken from me. So 1 years worth of payments from May - October for 6 months of coverage. This should be illegal but my broker assures me there is nothing they can do about it.
This company charged me 327$ a month for a new 8000$ motorcycle and when I wanted to cancel the coverage early they decided to charge me a extra 1260$. They did it without warning or any notification of a huge fee for early cancellation. Highest rates ever and horrible customer service.
Secure and Certified
Your information privacy and security is very important to us. We use the same 256-bit encryption and data security levels as all major banks. Our practices are monitored and verified by VeriSign and Digicert.
Independent
InsurEye is not owned by any bank, insurance company, insurance brokerage or any other financial services institution. We collect, validate, and analyze insurance experiences of real consumers.
Insightful
We aspire to equip you with insights, data and knowledge to help in making informed decisions around personal finance, insurance quotes, and other important matters. We are always open for your comments.
I got a motorcycle insurance policy with these guys a couple of years ago. This past year my premium went up over $100 with no claims or explanation. I decided to shop around and found a better rate (just over 1/2 the cost). My Intact policy expired the end of May (the policy was paid in full from the end of the previous May) As a courtesy, I sent them an email a week later to say I would not be renewing. They sent me a registered letter saying they were cancelling my policy for non-payment and that they were setting the cancellation date to early August. They sent me a bill for over $450 to cover the time from the expiry date (end of May) to their new made-up cancellation date in Aug! This is nothing short of criminal and I would steer clear of this poor excuse of a company at all costs!