How Auto Claims are Paid Out is Changing

Stumbling across a recent article on Canadian Underwriter got us thinking, will auto-claim payments change soon? During this episode, we discussed the pros and cons of what may change moving forward, including increasing cost and wait times on parts, rental car availability and prices, new and used vehicle availability, and more. With vehicles being written off more often now during the claim process, it is important for consumers to be aware of both the pros and cons of this happening. It may seem great to be able to go get a new car, however, the availability of your next vehicle may be questionable. There are still a lot of question marks to this process based on the company, but time will tell how companies start approaching auto claims in the future.