Review of First Canadian Group of Companies | If I could give a 0 I would but not an option. Pur...

4 years ago

If I could give a 0 I would but not an option. Pur...

If I could give a 0 I would but not an option. Purchased a vehicle on December 22nd of 2017 and was given the option of taking regular disability coverage, which I did. Received the paperwork in the mail three weeks ago and got around to reading it today. It then became clear to me that if I ever had to make a claim I would have problems as I am self employed and do not meet the insurer criteria on a permanent basis (25 hours per week).
I contacted the insurer and asked to cancel the coverage. The agent, Kelsey, informed me that my refund would amount to 2/3 of the total premium, meaning that on a $1544 premium, valid for 60 months, they are charging me over $500 for less than 3 months of coverage. So now, I have no other choice but to contact my attorney and BBB.