Car Insurance Settlement With Intact Approaching Closure

My car claim with Intact is taking a little longer to resolve than what I’d been told last week, but that’s fine since it meant that I got my rental car until the end of my trip!

I came in this evening to two emails. The first was from the first adjuster I dealt with let me know that the moron’s insurance company finally contacted them and accepted all responsibility. This meant that my deductible was waived and will not be deducted from the settlement. The second email was from total loss adjuster and included a waiver I need to sign before my cheque can be issued. I decided that at this point, it would be easier to make the cheque out to BMO and me and sort everything out that way than to pay BMO first.

In response to Croft’s question from a few days ago, I have up to one year to buy a new car and get the GST reimbursed.

My May payment for the car went through, so when the dust settles, I should have about $7,700 to buy a used vehicle and set it up for towing. The kind of truck I want is selling for about $3,000 in Calgary, so I should be able to set myself up with a new toad with enough leftover to pay a year’s worth of insurance so that I can set off in the fall with an extra $450 a month off the budget. I’m just nervous about the idea of having a used vehicle that could be full of surprises….