Need Insurance? Want Cheaper Insurance?

[MagicMikeZ32]

Got my policy renewal last week.

8000km/year, $15.5k value, $686 inc GST and duty.

[GTR-N1]

i asked just car about only diving on weekends, They said dosent matter weahter you dirve 1km or 1000 per week- same deal

Funny. Sometimes, it's who you know. I saw a friend at the WTAC Just Car desk. He asked me how often the car would be driven. He said that Just Car would insure my 'Line for 25% more Sum Insured and to pay 15% less Premium than a previous over-the-phone quote.

[sydking]

Funny. Sometimes, it's who you know. I saw a friend at the WTAC Just Car desk. He asked me how often the car would be driven. He said that Just Car would insure my 'Line for 25% more Sum Insured and to pay 15% less Premium than a previous over-the-phone quote.

haha yes always the case!!

[quasitam]

Hey all,

Just about to buy my first Skyline (yipee an R34 GTT) but having serious headaches trying to find insurance. It really seems as though the driver has little to do with the availability of insurance! So far I have tried

RAC/HBF/AAMI: No cover for imports.

Shannons: No cover if not garaged (I have a gated carport).

Suncorp: Don't have 99 R34 GTT listed so can't insure. They list the 99 GT and GT-R, and 98 GTT, though.

Just Cars: They want $1582 p/a! This was on-line, thinking of calling up to see what they can do. $22K agreed, $450 excess.

Edit:

SGIO(NRMA): $1008 to $1574 dep on market ($7K) vs agreed value (max $10K) and $550 vs $300 excess.

I'm 31 with no driving or insurance record. Seems crazy to me. Any advice appreciated!

Edited September 6, 2012 by quasitam

[GTR-N1]

Have you also tried Lumleys Special Vehicles?

[quasitam]

No, thanks for the tip. Still awaiting a reply/callback from their web form.

[MagicMikeZ32]

Ring them and talk to someone

[macdog]

Funny. Sometimes, it's who you know. I saw a friend at the WTAC Just Car desk. He asked me how often the car would be driven. He said that Just Car would insure my 'Line for 25% more Sum Insured and to pay 15% less Premium than a previous over-the-phone quote.

Terry, when it comes to insurance... It doesn't matter who you know... it's how you word it!!!

[GTR-N1]

^^^ Aah, well they certainly took note of the fact that my car was parked down in front of Iron Chef's tent if they'd craned their necks a l'il.

...and they did

I understand what you're saying though Lachlan.

Qs like, # of times it's driven, etc, etc

[macdog]

^^^ Aah, well they certainly took note of the fact that my car was parked down in front of Iron Chef's tent if they'd craned their necks a l'il.

...and they did

I understand what you're saying though Lachlan.

Qs like, # of times it's driven, etc, etc

exactly right Terry!!!

I think it also helps if you have a broker as well.

[jukic.j]

I recently got a really good quote from lumleys, less than half what I'm paying atm. But I discovered in there pds illegal or non certified modifications will void insurance claims. Anyone know anything more about this?

Cheers,

Anthony

Section Four - General exclusions

(When we will not pay a claim)

"Unsafe vehicle

your vehicle being used in an unsafe or unroadworthy condition and such

condition caused or contributed to the loss. This does not apply where you

could not have reasonably detected the unsafe or unroadworthy condition."

Undisclosed and illegal modifications

your vehicle if it has any:

• modification which you have not told us about; and we would not

have agreed to cover your vehicle if the modification had been

disclosed to us;

• modification which is not permitted by law in the State or Territory in

which your vehicle is registered;

• modification which would prevent your vehicle from being

legally registered in the State of Territory in which you reside, unless

your vehicle is unregistered, you have provided full details of the

modification to us, and we have agreed to cover your vehicle.

Basically this in my opinion is in there to keep them safe. This gives them the power to use judgement to not pay claim to someone who clearly is a f**k and doesn't deserve it or to pay someone who has perhaps just slipped up you know? Fair play policy applies kind of thing. If they didn't payout anyone that had a single illegal mod whether the owner realised it or not they would instantly destroy their rep and lose market share.

JUST when you think you've found a loop-hole, you go and discover they've already got that angle covered off... sneaky bastards!

" The use, misuse, or existence of nuclear weapons or the

use, misuse, escape or existence of nuclear fuel, waste or

materials or ionising radiation or contamination from such

fuels, waste or materials, or the combustion, detonation,

fission and/or fusion of nuclear fuel or nuclear materials"

On a serious note, i too have recently got a LSV quote and it's about half price of Shannons, was VERY VERY surprised. Agreed value not quite as much, but if it seems they hang onto that value longer then i'll probably do better than with Shannons dropping it quite quickly from experience with prev cars.

I rang just then to query the 'modifications' exclusion and it sounds to me more like they would do the old "if it didn't contribute to the accident/incident, we don't care". Yes, the PDS specifically states...

Undisclosed and illegal modifications

your vehicle if it has any:

• modification which you have not told us about; and we would not

have agreed to cover your vehicle if the modification had been

disclosed to us;

• modification which is not permitted by law in the State or Territory in

which your vehicle is registered;

• modification which would prevent your vehicle from being

legally registered in the State of Territory in which you reside, unless

your vehicle is unregistered, you have provided full details of the

modification to us, and we have agreed to cover your vehicle.

But i believe that is similar to Just Cars, although they just say, unlimited legal mods, JC is obviously covering claims where say someone has an accident but has an atmo BOV. It sounds like there is a common sense type test applied in the assessing of the claim.

I'm going to double check again with the guy who has been quoting me for the car, but that's what i've got so far from the guys on the phone

It's a tough one...

Did you get any further with this?

as for the salvage thing, they said if it's written off i can buy it back, how is that different to salvage?

I just read the PDS and as far as I can tell it depends on whether the car was stolen or not, totally written off or not and if the car is 25 years or older. Depending on those you may either automatically get salvage rights (I think in the case of the older car because parts are rarer to get and so forth (hard for you to find, hard for them to sell)) If the car for example is written off they might choose to pay you out and recover some of the losses through selling what they can salvage. In the scenario that you do not automatically get salvage rights they allow you the first option to PURCHASE it off them for salvage. So you get to decide before anyone else if you want to buy it for salvage purposes.

[GT-R32]

That Lumley clause is really just putting into words what can and can't happen with regard to declining a claim for a modified vehicle, should the claim make it to the ombudsman.

Basically an insurance company can only decline a claim if:

1. The modification/accessory/alteration contributed to the loss; and

2. They would have declined to offer insurance if the vehicle alteration was disclosed.

The onus is on the insurance company to provide evidence on both of these. Keep in mind the first point can include a stereo or wheels making a car more attractive to a thief or target of being vandalised.

Source: I used to work in insurance but don't currently, it's not intended as advice, do your own research

[RSFOURDayz]

anyone know if third party is available through anyone?

[badben]

My policy: nrma

Car: R32 gtr

Insured value: 25000

Excess: 350

Km/yr: 9000

With all mods listed.

Age: 27

Fee:$935

Edited November 12, 2012 by badben

[Jack0R33]

Famous doesn't insure cars anymore? Or am i missing something.... The site only displays insurance for bikes.

[badben]

nrma do 3rd party and 3rd party fire and theft.

Most of the mainstream insurers will do 3rd party.

[RSFOURDayz]

Famous doesn't insure cars anymore? Or am i missing something.... The site only displays insurance for bikes.

That was discussed earlier on in this thread.. They now only do bikes;

[RSFOURDayz]

My policy: nrma

Car: R32 gtr

Insured value: 25000

Excess: 350

Km/yr: 9000

With all mods listed.

Age: 27

Fee:$935

Is yr R32 aussie delivered?

[Jack0R33]

Ah ok i see, sorry, just didn't have time to read 44 pages so i thought someone could fill me in. Thanks .

[badben]

Is yr R32 aussie delivered?

No it is not but still a clean jdm