David McCullum
Underwriting Guideline Change: Eligibility changes, authority changes and more To our Valued Broker Partners: We have made the following UW Guideline changes: Binding Authority Increased from $100,000 to $150,000. For make/model/year combinations given in the Sales Portal’s vehicle pick list only those that exceed the authority are automatically referred to Underwriting. Sound equipment Increased permanently attached sound equipment base coverage…
Enhanced Care: Rate Reductions and wordings change effective March 11, 2021 To our Valued Broker Partners: As part of our preparations for ICBC’s no-fault product change on May 1, 2021 we’ve reduced our rates. Further to the rate reductions we implemented February 1, effective March 11, 2021 for new business and effective June 11, 2021 for renewals your customers and…
Depreciation is normal. You buy a new item, a couch for instance, and as time passes and use wears it down, it decreases in value. Unfortunately, there are few purchases that lose their value as quickly as new vehicles, which can depreciate by 20% or more within their first year. And with $40,000 being the average selling price of a…
Monthly payment plan: $350 minimum, reduced fees and new training guide To our Valued Broker Partners: Effective immediately: Stratford accepts $350 minimum premium on Monthly Payment Plan. The $35 fee for installment date changes is waived when within 60 days of policy issuance. The $100 mid term cancellation fee is waived in its entirety. There is no mid-term down payment…
To our Valued Broker Partners: As part of our preparations for ICBC’s no-fault product change on May 1, 2021 we’ve reduced our rates. Effective February 1, 2021 for new business and effective May 1, 2021 for renewals your customers and applicants will see a substantial decrease to their Stratford Third Party Liability (TPL) premiums. Unrelated to the no-fault product change,…
Winter is in full swing! And if you’re in the majority of Canada, and don’t keep your vehicle in a garage, there’s a good chance you wake up to a snowed in vehicle at least a few days of the year. These winter car hacks aren’t exactly top secret, but that’s because they work. Give them a try the next…
To our Valued Broker Partners: For policies in force from November 15, 2020, we have made some changes to both the Policy Wording and our Underwriting Guidelines. As well as a fresh new look to each document, the highlights and housekeeping are as follows. Coverage Changes Increased the Emergency Roadside Protection from $60 limit 2 times per policy term to…
If you’re thinking it’s time to sell your vehicle, there are two routes you can take: trade it in, or sell privately. Most car owners opt to trade in their vehicles and avoid the time commitment and hassle of selling privately, but the convenience will cost you. The difference between the average trade-in price and selling it privately is easily…
Most drivers find themselves behind the wheel so often that it starts to feel like second nature. While being comfortable driving is a good thing, it’s important not to get so comfortable that you’re easily distracted. Here’s an alarming statistic: distracted driving fatalities have surpassed those caused by impaired driving in some parts of Canada (Traffic Injury Research Foundation, 2019).…
As the days get shorter and winter approaches, Canadians are spending more time driving at night and in the rain, ice and snow. When visibility is limited, all the hazards of driving in good conditions are amplified — you can see less of the road ahead, reaction time is slower and, if you’re driving at night, you’re more likely to…