Insurance....merged Topic....

[Guest Scootre]

That means I'm not going to NRMA...

that's why l'm with AAMI

And with AAMI... your 70% "protected for life" NCB lasts until either you cancel the insurance or you die... OR if you make more than 2 at fault claims in any rolling 12 month period. Then their fine print comes into play.

Picture this: you have a minor bingle and it's your fault... strike 1. Then a few months later you find a shopping trolley planted firmly in your rear qtr panel...... strike 2 and you all of a sudden have 2 "at faults". THEN months later you run up the back of somebody.... that's strike 3 and now AAMI get to cancel your insurance outright and your NCB for life is toast... and so is your car.

Yeah... insurance: the unfortunate necessity that costs an unnecessary fortune.

[twinxrs]

I started shopping around for insurance recently - looking for a "mod friendly" insurer...

I told Shannons about point 4 - the guy on the phone could not believe it !

His opinion was that this is not enforceable - if it's on the open road, and the speed limit (and other relevant road rules) are being obeyed, how could they enforce this ?

We're insured with them, and it has worried us in the past - not that it's stopped us doing at least 7 cruises so far...

[Guest Scootre]

I still can't get over point 2.

I was so worried I just checked the product disclosure doc on the GIO (NSW) site.

"You are covered for loss of or damage to your vehicle caused by an event

in the period of insurance. It includes loss or damage to your vehicle caused

by another party, whether they are insured or not."

Pheww.

[ZAP]

I have NRMA fleet and they let you do ANYHTING.

The car can be unregistered, you can be unlicensed, they cover any tools of the trade, loan cars, accomodation, legal advice and heaps of other things. They also send me a renewal each year telling me that all my premiums have gone up 20% and the values have gone down 20%....I just call them up and say no way, put the values up and the premium down...and they agree....gotta love fleet....this has worked for the past 3 years.....oh and there is no age excess and no age limits, although I do not think my 18yo junior staff will drive the T

[Guest Scootre]

This one from GIO is interesting:

"You are not covered under this policy:

• for structural, mechanical, electrical or electronic failure or breakdown"

So for those of us with the brake shudder problem - or, especially, the stalling issue... this becomes really interesting.

[Mondie]

This one from GIO is interesting:

"You are not covered under this policy:

• for structural, mechanical, electrical or electronic failure or breakdown"

So for those of us with the brake shudder problem - or, especially, the stalling issue... this becomes really interesting.

It sure does Scootre.

The stalling and brake shudder issues are both things that just shouldnt be happening in a modern car. Can you imagine the court case if NRMA reject a claim because the claimants car stalled and was side swiped? NRMA vs Ford

[Zeke]

That bit of the policy is just spelling out that you are only covered for accident damage - not mechanical failure etc. It isn't saying that you aren't covered for accidents caused by mechanical failure etc if it wasn't due to mods, neglect, unroadworthiness etc. I don't think any insurance company would try to get out of paying for an accident that was caused by genuinely unpredictable component failure.

The bit about club events is a bit of a worry though. Mrs z and Zeke junior's cars are with one company and mine is with another. Theirs incudes this bit and mine doesn't. I can't see how the company could deny liability for an accident just because Someone was on a club cruise or eg observation run etc. But I wouldn't give them that opportunity if I could help it.

[BA_Turbs]

NRMA vs Ford

And somehow, I'm sure WE would end up the loser.

Insurance companies....

Seriously though, my insurance is through Jardine Lloyd Thomas, done through the lease company. $1,000 a year, I am 23 and my brother wrote a car of mine off in my name 18 months ago (rooted MY rating). Pretty good for a $50,000 XR6 Turbo I reckon.

[Guest Scootre]

This one from GIO is interesting:

"You are not covered under this policy:

• for structural, mechanical, electrical or electronic failure or breakdown"

So for those of us with the brake shudder problem - or, especially, the stalling issue... this becomes really interesting.

It sure does Scootre.

The stalling and brake shudder issues are both things that just shouldnt be happening in a modern car. Can you imagine the court case if NRMA reject a claim because the claimants car stalled and was side swiped? NRMA vs Ford

Somehow I think NRMA would just leave the policy holder high and dry. But yeah... an NRMA vs Ford battle would be fun to watch...

[Guest 56Mainline]

This one from GIO is interesting:

"You are not covered under this policy:

• for structural, mechanical, electrical or electronic failure or breakdown"

So for those of us with the brake shudder problem - or, especially, the stalling issue... this becomes really interesting.

the claimants car stalled and was side swiped? NRMA vs Ford

Somehow I think NRMA would just leave the policy holder high and dry. But yeah... an NRMA vs Ford battle would be fun to watch...

I'd hate to see that battle.

In the end the consumer would loose.

Either the Ford cars go up in price....or the insurance would!