Insurance companies issue surcharge for 'high theft' vehicles

  • 📰 ctvottawa
  • ⏱ Reading Time:
  • 67 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 67%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Vehicle thefts continue to explode and some insurance companies are looking at more direct ways to recoup their losses, issuing a surcharge for cars at greater risk of being stolen.

It's an epidemic across the country and it's costing insurance companies over a billion dollars a year with the bulk of that, several hundred million, right here in Ontario.The information you need to know, sent directly to you: Download the CTV News App

"I said, well, I really don't feel like paying this extra $400 a year or purchasing this tracker because of privacy concerns," said Austin Lonsdale. The Insurance Bureau of Canada says auto theft related claims in Ontario have increased 329 per cent between 2018 and 2022. "I'm really leaning on not getting another Honda CRV. It's too bad because this is my second one and I was planning on a third, but now I'm starting to think of maybe going towards another vehicle that's not on the high theft list."Ottawa becoming a rental city, CMHC report suggestsDonald Trump assails judge and his daughter after gag order in N.Y.

New video footage obtained by CP24 shows the attempted theft of a vehicle in a North York driveway earlier this month that was ultimately interrupted by police.After having the foresight to book their Niagara Falls hotel rooms more than a year in advance, several families planning to take in the solar eclipse next month were shocked to find out their reservations had been cancelled.

A blind Saskatoon man is speaking out about a lack of accessibility services offered to him and a group of blind curlers by West Jet while at the Saskatoon airport.B.C. files unexplained wealth order after seizing gold, cash and jewelry from crypto co-founder

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 29. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines