Insurance....merged Topic....

[lil_bodes]

[Just keep ringing around mate, you get there in the end. Might just take a bit of leg work. Also don't take the first one you get, once you have one price ring a couple more companies to see if they can better the offer.

Good luck

Just a thought.... Try an insurance broker and let them do the running around. They also have access to firms that the man on the street cant use. It would definatley be worth your 40c.

[Sly_Bastard]

Hey dude. I'm only 20 (Still on P plates). I got my T insured through Just Cars. Expect to pay near 3 grand though (full comp). Also, it's not legal to drive a T on your P plates as the legal power to weight ratio is approx 115KW's per tonne. A factory T puts out about 125KW's per tonne.

So they will insure it. But if you are driving it and have an accident you won't be covered as it is not legal. They aren't always clear with that so you have to be careful.

Hope that helps. Peace! Alex.

An insurance company cannot deny a claim if you would have an accident even if you were driving even if it was illegally due to the to power to weight law. As the law would not affect a legal contract between yourself and your insurance company that was taken out in good faith. The insurance company would need to specify in the contract or the product disclosure statement that you would not be insured if it was against the law.

Even though they might state that in the contract or PDS, you could take the matter further and more then likely win. This is as per the example below

Lets say you take out a insurance with XR6T insurance. You provide them with your details of licence, age and vehicle type. They do not mention that you are not insured when you have an accident due to the power to weight law. (If they do not mention it, it does not apply as they have had proior knowledge but not acted on the information)

They then refuse a claim in relation to this law. You could then take this further and you would almost complete certainty win. If they provide yourself with a cetificate of insurance or place yourself on the policy as a driver and all information that you provided is accurate, the onus would therefore be on the insurance company to advise if a person is ineligable to be insured on the policy. As you have taken out insurance in good faith with XR6T insurance they would therefore be required to advise you if you would be covered by the policy.

If they do not cover yourself this would be a breach of (I think) the Insurance Contracts Act as you have obtained Insurance in good faith and provided accurate and correct information which the insurance company has not properly processed.

If you provided incorrect information or not obeyed the terms of your contract this would be different. Ensure that you review the terms and conditions of your contract.

Even if it is written in the PDS it would need to be confirmed at some point. If they refused a claim and you advised that you did not read or understand your PDS there maybe a chance that you would still have the claim accepted, as it is not always expected that you would read the whiole PDS from front to back. Definately DO NOT QUOTE me on this as depends on a number of factors and I do not control the world and cannot say the outcome of future situation!!!

[our06t]

maybe in a perfect world

as soon as you said you didn't read the pds they would walk all over you

Edited 24/08/07 04:43 AM by our06t

[Sly_Bastard]

maybe in a perfect world

as soon as you said you didn't read the pds they would walk all over you

It is not required that you need to read the PDS, many company do not have you sign anything as such and do most of the policy stuff over the phone. Just because there is a PDS does not require you to read it or understand it, as all special provisions should be confirmed verbally and duly noted, as the insurance had prior knowledge that you were a P plater and did not reject the policy at the commencement of the policy.

As most people would not be expected to read a PDS completely as they are boring (I have read a few, lets just say) all relevant information should be expected to be told you verbally on lodgement.

Edited 24/08/07 04:54 AM by Sly_Bastard

[exarsixturbo]

Im only 23 and have never had insurance before.

I put an internet request in with the NRMA and not only did they insure me but they gave me 65% no claim. It only cost me $1300 a year!! Cheering!!!

[MiKa]

Give Shannons a call, just paid mine today and it costs me $1500 a year.....

[lil_bodes]

Give Shannons a call, just paid mine today and it costs me $1500 a year.....

MiKa I refer to a previous post about Shannons, I called up to get a quote. I am 35, nothing to advise in the last 5 years, driving since 18. Big issue that I hadn't had a turbo/ performance car for 24months and as such wouldn't insure me. So the 19yo's, I wouldn't imagine stand a chance. - Either that our they just dont like girls??!?!

Oh Yeah & they only want you to sometimes drive it, coz if you use it everyday then you aren't a car enthusiast. Thus again, reducing their possibility of having to pay out.

[XR06T]

yea, I found out that even if you havent had insurance previously you can still have a no claim bonus..

shannons werent interested in me because im <25

[teeg]

An insurance company cannot deny a claim if you would have an accident even if you were driving even if it was illegally due to the to power to weight law. As the law would not affect a legal contract between yourself and your insurance company that was taken out in good faith. The insurance company would need to specify in the contract or the product disclosure statement that you would not be insured if it was against the law.

Even though they might state that in the contract or PDS, you could take the matter further and more then likely win. This is as per the example below

Lets say you take out a insurance with XR6T insurance. You provide them with your details of licence, age and vehicle type. They do not mention that you are not insured when you have an accident due to the power to weight law. (If they do not mention it, it does not apply as they have had proior knowledge but not acted on the information)

They then refuse a claim in relation to this law. You could then take this further and you would almost complete certainty win. If they provide yourself with a cetificate of insurance or place yourself on the policy as a driver and all information that you provided is accurate, the onus would therefore be on the insurance company to advise if a person is ineligable to be insured on the policy. As you have taken out insurance in good faith with XR6T insurance they would therefore be required to advise you if you would be covered by the policy.

If they do not cover yourself this would be a breach of (I think) the Insurance Contracts Act as you have obtained Insurance in good faith and provided accurate and correct information which the insurance company has not properly processed.

If you provided incorrect information or not obeyed the terms of your contract this would be different. Ensure that you review the terms and conditions of your contract.

Even if it is written in the PDS it would need to be confirmed at some point. If they refused a claim and you advised that you did not read or understand your PDS there maybe a chance that you would still have the claim accepted, as it is not always expected that you would read the whiole PDS from front to back. Definately DO NOT QUOTE me on this as depends on a number of factors and I do not control the world and cannot say the outcome of future situation!!!

as long as you have the $ to prove your arguement in court. An insurance company will screw you any way they can

[EZ2CME]

Oh Yeah & they only want you to sometimes drive it, coz if you use it everyday then you aren't a car enthusiast.

I got fed the same bull crap line by them too. Don't know how they figure that