| Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n |
 | 
08-08-2012, 05:36 PM
|
#1 | | Proud to be called a RS Regular!
Join Date: Jun 2010 Location: Vancouver
Posts: 149
Thanked 9 Times in 3 Posts
Failed 86 Times in 13 Posts
| Ultima Risk Solutions?
Do any of you have insurance with this company? Anyone have experience with their new vehicle replacement policy? How long does their claim usually take?
Recommendations on other insurance places?
Thanks
| 
|  | |
08-08-2012, 09:02 PM
|
#2 | | NEWBIE ACCOUNT!
Join Date: Sep 2011 Location: vancouver
Posts: 22
Thanked 4 Times in 2 Posts
Failed 0 Times in 0 Posts
|
I have this insurance. I had an accident where my car was written off 2 years ago and they pay whatever you have left owing on the car after all the icbc crap. From what I was told, it only covers new vehicles for 5 years. I didn't even know about this insurance until I got in the accident haha.
| |
| | |
08-08-2012, 10:35 PM
|
#3 | | retired
Join Date: Nov 2003 Location: Richmond
Posts: 3,597
Thanked 153 Times in 85 Posts
Failed 5 Times in 3 Posts
|
They are usually quick. I've dealt with them for their OEM replacement policy and deductible coverage. The customer pays upfront first, but from what my customers have told me, they were reimbursed within weeks.
| |
| | |
08-08-2012, 10:50 PM
|
#4 | | Revscene.net has a homepage?!
Join Date: Nov 2002 Location: Surrey
Posts: 1,256
Thanked 27 Times in 10 Posts
Failed 3 Times in 3 Posts
|
Yup
Let me know if your interested, I can get u a price.
__________________
23+ Honda Civic Type R Hatch (FL5) - O/O
22' Subaru WRX Sport Sedan (VB) - SOLD
19' Audi Q7 Technik SUV (4M) - FC
09' BMW 128I Coupe (E82) - FS
04' BMW M3 Coupe (E46) - SR
17' Acura MDX SUV (YD4) - SOLD
15' Acura RDX SUV (TB4) - SOLD
14' Acura ILX Sedan (DE1) - SOLD
04' Nissan Pathfinder LE SUV (R50) - SOLD
07 Infiniti FX35 SUV (S50) -SOLD
06' BMW 330i Sedan (E90) - SOLD
97' Acura 1.6EL Sedan (MB4) - SOLD
99' Honda Civic Hatch (EJ6) - SOLD
84' Pontiac Sunbird Coupe (J2000) - SOLD | |
| | |
08-08-2012, 11:52 PM
|
#5 | | What hasn't Killed me, has made me more tolerant of RS!
Join Date: Apr 2006 Location: Delta, BC
Posts: 160
Thanked 2 Times in 2 Posts
Failed 0 Times in 0 Posts
|
URS policy is great.
It also covers up to $250 deductible for each claim. This means free chipped/damaged windshield replacement if you have comprehensive coverage and the URS policy.
| |
| | |
08-09-2012, 07:40 AM
|
#6 | | My dinner reheated before my turbo spooled
Join Date: Oct 2002 Location: vancouver
Posts: 1,766
Thanked 640 Times in 242 Posts
Failed 12 Times in 9 Posts
|
I would never buy that policy
| |
| | |
08-09-2012, 09:56 AM
|
#7 | | Diagonally parked in a parallel universe
Join Date: Jun 2002 Location: Langley
Posts: 1,438
Thanked 116 Times in 39 Posts
Failed 30 Times in 9 Posts
|
On the industry side (I work for a body shop and routinely fix cars with this policy) it is pretty easy to deal with, and ensures that you're covered for OEM parts - though it does not cover radiatior / a/c condensor or interior components.
I'd buy it.
| |
| | |
08-09-2012, 01:51 PM
|
#8 | | I contribute to threads in the offtopic forum
Join Date: Nov 2001 Location: Vancouver
Posts: 2,746
Thanked 70 Times in 17 Posts
Failed 3 Times in 2 Posts
|
I bought it for my last car. Totalled it after 11 months of ownership. The whole process was quick and easy. Paid $24000 for the car when I bought it, ICBC paid me $19,000 and they paid me another $8000. So total $27,000 which i'm assuming is to account for me buying a newer model which will be a little more expensive.
I'd buy it again, and I did buy it again for my new car.
Also, transferring the 4 years left on my coverage to the new car, they gave me a pro-rated discount of almost $800 bucks to go towards the new plan when I only paid about $1100 in the first place for it.
Overall well worth it, including the deductible coverage etc
| |
| | |
08-09-2012, 05:10 PM
|
#9 | | Proud to be called a RS Regular!
Join Date: Jun 2010 Location: Vancouver
Posts: 149
Thanked 9 Times in 3 Posts
Failed 86 Times in 13 Posts
| Quote:
Originally Posted by What_the?  I bought it for my last car. Totalled it after 11 months of ownership. The whole process was quick and easy. Paid $24000 for the car when I bought it, ICBC paid me $19,000 and they paid me another $8000. So total $27,000 which i'm assuming is to account for me buying a newer model which will be a little more expensive.
I'd buy it again, and I did buy it again for my new car.
Also, transferring the 4 years left on my coverage to the new car, they gave me a pro-rated discount of almost $800 bucks to go towards the new plan when I only paid about $1100 in the first place for it.
Overall well worth it, including the deductible coverage etc | How long did it take them to send you the payout amount? It's been 2 days for me and still waiting =s
| |
| | |
08-10-2012, 09:13 AM
|
#10 | | .
Join Date: Aug 2001 Location: Richmond
Posts: 8,221
Thanked 83 Times in 59 Posts
Failed 82 Times in 19 Posts
|
I have them, upped my deductible to $500 w/ ICBC to lower the cost since my URS policy covers $250 for deductible . Had a wind shield claim, got my cheque in 3 weeks.
| |
| | |
08-10-2012, 10:32 AM
|
#11 | | Say NO to blade grinders!
Join Date: Apr 2001 Location: Vancouver
Posts: 8,083
Thanked 1,256 Times in 580 Posts
Failed 67 Times in 49 Posts
| Quote:
Originally Posted by Domani I have them, upped my deductible to $500 w/ ICBC to lower the cost since my URS policy covers $250 for deductible . Had a wind shield claim, got my cheque in 3 weeks. | Or you could try Coast Capital for Optional Insurance which is covered by Northern Shield. They can get you deductibles as low as $200/$100 and I believe no deductible for glass work (not 100% sure). It only cost me another $30-50 to bring it down from $300/$300
| |
| | |
08-11-2012, 10:51 AM
|
#12 | | .
Join Date: Aug 2001 Location: Richmond
Posts: 8,221
Thanked 83 Times in 59 Posts
Failed 82 Times in 19 Posts
|
will look into it once my URS is up.
| |
| | |
10-28-2013, 05:24 PM
|
#13 | | is adopted but doesn't know it. Shh, don't tell him.
Join Date: Jul 2005 Location: Vancouver
Posts: 1,047
Thanked 9 Times in 6 Posts
Failed 9 Times in 3 Posts
|
Bumping this thread up as I was offered this new car replacement insurance on my new car vs. the ICBC optional replacement coverage. Anyone else deal with them?
Similar to what was offered above but I they would pay up to $300 for any deductible that I pay. I was quoted $1,500 for this for 5 years to insure a BMW, anyone have advise or thoughts? Is it worth it? Or would CC & CD be cheaper for something similar?
| |
| | |
10-31-2013, 12:38 PM
|
#14 | | My dinner reheated before my turbo spooled
Join Date: Sep 2006 Location: Vancouver
Posts: 1,716
Thanked 260 Times in 107 Posts
Failed 48 Times in 34 Posts
|
I would like to bump this thread as well and hear more feedbacks.
It sounds a bit too good to be true...
dL
__________________ concaved flushed white on white axela | flickr | |
| | |
10-31-2013, 01:26 PM
|
#15 | | straight from the fields of squamton
Join Date: Jul 2003 Location: Grande Prairie
Posts: 11,286
Thanked 576 Times in 201 Posts
Failed 305 Times in 63 Posts
|
I got it when I bought my new car. seemed like a pretty good deal, and waaaaay cheaper than icbc replacement coverage once you get into the 3+ year old mark.
and I think they let you add it into the financing of the vehicle, so it could be like $5/month if you go that route.
__________________
2013 Mazdaspeed 3
| |
| | |
10-31-2013, 01:59 PM
|
#16 | | Witness protection
Join Date: Apr 2001 Location: GVRD
Posts: 14,427
Thanked 5,343 Times in 2,222 Posts
Failed 111 Times in 57 Posts
| Quote:
Originally Posted by 1990TSI I got it when I bought my new car. seemed like a pretty good deal, and waaaaay cheaper than icbc replacement coverage once you get into the 3+ year old mark.
and I think they let you add it into the financing of the vehicle, so it could be like $5/month if you go that route. | ^ same as above.
i haven't had to replace a vehicle under this policy, but the bodyshop i went to awhile back for cosmetic work said they have dealt with ultima before and they had no issues with them ie. payment was made in a timely manner.
__________________
"The guy in the CR-V meanwhile, he'll give you a haughty glare. He's responsibly trying to lessen his impact, but there you go lumbering past him with your loud V8, flouting the new reality. You may as well go do some donuts in a strawberry patch and slalom through a litter of kittens." Dan Frio, Automotive Editor, Edmunds
| |
| | |
10-31-2013, 08:02 PM
|
#17 | | Revscene.net has a homepage?!
Join Date: Nov 2002 Location: Surrey
Posts: 1,256
Thanked 27 Times in 10 Posts
Failed 3 Times in 3 Posts
|
I sell quite a few a month; very good to deal with.
__________________
23+ Honda Civic Type R Hatch (FL5) - O/O
22' Subaru WRX Sport Sedan (VB) - SOLD
19' Audi Q7 Technik SUV (4M) - FC
09' BMW 128I Coupe (E82) - FS
04' BMW M3 Coupe (E46) - SR
17' Acura MDX SUV (YD4) - SOLD
15' Acura RDX SUV (TB4) - SOLD
14' Acura ILX Sedan (DE1) - SOLD
04' Nissan Pathfinder LE SUV (R50) - SOLD
07 Infiniti FX35 SUV (S50) -SOLD
06' BMW 330i Sedan (E90) - SOLD
97' Acura 1.6EL Sedan (MB4) - SOLD
99' Honda Civic Hatch (EJ6) - SOLD
84' Pontiac Sunbird Coupe (J2000) - SOLD | |
| | |
11-01-2013, 10:30 AM
|
#18 | | RS controls my life!
Join Date: Mar 2005 Location: Vancouver
Posts: 738
Thanked 859 Times in 181 Posts
Failed 33 Times in 5 Posts
|
I got this with my 2010 brand new Lancer back then, it was $944 for 5 years.
Had a break-in earlier this year, paid icbc's $300 deductible first. Then body shop helped with the whole claim process, got the $250 around 2-3 weeks after vehicle was fixed.
Totally worth it imo.
| |
| | |
11-01-2013, 10:45 AM
|
#19 | | I contribute to threads in the offtopic forum
Join Date: Jun 2012 Location: Vancouver
Posts: 2,737
Thanked 3,242 Times in 861 Posts
Failed 136 Times in 59 Posts
|
Have always had this on my new vehicles.
Covered for 5 years paid up in 3. I believe it's $30ish a month.
$250 back on ICBC claims and they have an OEM part protection plan.
Lump sum if vehicle is total loss etc. etc.
Never had any issues. Took about 2 weeks to get my $250 in the mail (they don't Direct deposit).
| |
| | |
11-01-2013, 11:20 AM
|
#20 | | Bleeding from Anus for 14 years
Join Date: Aug 2006 Location: surrey
Posts: 96
Thanked 66 Times in 9 Posts
Failed 0 Times in 0 Posts
|
+1 for ultima risk. i just got in an accident last month my car was written off it was a 2008 civic si. i still owed 16,800 on my vehicle icbc gave me 14,500 for my car. ultima risk will pay the remainder of the amount owing which would be 2300. the cool thing is the longer you own the car, the more money you get back. i believe its 5% for every year you own the vehicle. at the end of it i come out with 4 grand in my pocket.
the only catch is to get the money you have to purchase a vehicle that is the same value or more than the vehicle you had written off. in my case i had to spend just over 19 grand, so i got a Scion frs lol
| |
| | |
11-01-2013, 11:24 AM
|
#21 | | Bleeding from Anus for 14 years
Join Date: Aug 2006 Location: surrey
Posts: 96
Thanked 66 Times in 9 Posts
Failed 0 Times in 0 Posts
|
im actually heading to a insurance place to get it for my Scion rite now. for $1200 to know your car is covered for 7 years you cant go wrong, when i mean covered they cover up to the purchase price of the vehicle, and as i said the longer you own it the better.
| |
| | |
01-21-2014, 08:15 AM
|
#22 | | RS Lurker, I don't post!
Join Date: Jan 2014 Location: North Vancouver
Posts: 1
Thanked 0 Times in 0 Posts
Failed 0 Times in 0 Posts
| STAY AWAY!
I just finished (almost) dealing with them and had the process from hell.
My brand new mazda2 was totaled when someone ran a red light well i was turning left. Left me 21 years old with back and knee problems probably the rest of my life and a war with ICBC. There was a big thing with ICBC about my insurance and not changing after my current job change so took 2 months before I was able to get the $ for my car. My life was flipped upside down in a millisecond but I was looking forward to dealing with the "good guys" at ultima.
From the get go they were rude to me then once it came to my payout every word they told me has been a lie. Told me they mailed my cheque to pay off my loan on January 3rd and should get there soon. Its now the 21st and my bank has not seen this cheque. So my car dealership called to see whats going on and they tell her they sent it on the 13th then when i emailed to find out whats going on the manger pretty much calls me a liar and promises it was the 3rd.
I live a 45 minute drive to work and having to bus that with my injuries is making getting to work almost impossible. Iv already bought a new car but I cant take it off the lot till my current loan is paid off. I work at a car dealership so its not to bad, my coworkers have been heaven sent through out this whole thing but Ultima just causing more problems. They told me two weeks tops, its not onto the 3rd week and nothing but lies from them. Im at the point where I no longer even want my new car, they took all my excitement out it and made this experience hell.
I will NEVER deal with this company again.. Adding more stress then its needed.
| |
| | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 11:36 PM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
