Wikkie2204

New Brunswick: Submitted paperwork on 2/24. References mailed on 2/27, received on 2/28, returned on 2/29, received call today, new FID (change of address) and 2 P2P on 3/27/12. 32 days total from start to finish. Very impressive, the officer handling it is a pleasure to deal with.

I'm going to try to shed some light on this at least in terms of time frames. In a past life I was an underwriter and had to deal with this stuff on a daily basis. That accident, being an at fault loss, (You were the only person involved so it's at fault), at the $1001 mark and up will impact you. This typically gives you 5 insurance surcharge points, not to be confused with MVC points. Most companies will use this loss against you for your direct rate for a period of 36 months, and can impact your tiering for a period of 5 years. There's a multitude of factors associated with tiering such as homeownership, credit score, losses over a span of time etc. So hopefully that makes a bit more sense. Completely agree with this statement. Having worked on the inside of one, and my wife currently works for another, this is the biggest racket ever.