| [ Total Views: 792 | Total Replies: 26 | Thread Id: 17467 ] |
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 DoNkEy
A.k.a.: James
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| posted on January 6th, 2004 at 08:46 PM |
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INsURancE!
Howdy peoples...
Just got a question that hopefully someone can give me a good answer...
Who do u guys get to insure your newly resoted vehicles at an agreed value?
No one is really willing to do it...most will only do it at market value....
MARKET VALUE!!!! the paint job cost more than that.
Any ideas would be good thanks:bounce
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 BUGBOY
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| posted on January 6th, 2004 at 08:58 PM |
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Shannons
Give this mob a call.
Shannons
1300 139 006
Never had a problem.:thumb
Everything 36HP !
Change over king and link spindles
6-12volt semaphores
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crazyfiggi
A.k.a.: Alex
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| posted on January 6th, 2004 at 09:03 PM |
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Im with shannons, i highly recomend them:thumb
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BiX
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| posted on January 6th, 2004 at 09:13 PM |
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with shannons last time i checked you had to be over 20 to get insurance. try to get it insured in ur parents name as ur young? |
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DoNkEy
A.k.a.: James
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| posted on January 6th, 2004 at 09:32 PM |
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i've never heard of shannons...is it a local one...any one got experience with claims?
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sand kombi
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| posted on January 6th, 2004 at 09:38 PM |
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iam with shannons, you need receipts you have spent,and a valuation will help.
I have only claimed a windscreen so farb but no hassles.
best part is you get the wreck back if you right it off
MIKE.
VW'S DON'T LEAK OIL, THEY JUST LEAVE THEIR MARK !!!
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twoguns
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| posted on January 6th, 2004 at 10:39 PM |
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how many of you guys insured with shannons, can actually drive unlimited klms? .ie to the shops and anywhere anytime. they always seem to only want
weekend run cars and at less than 8000klm travel. ie not a main form of transport.
Simply Cruzin'...
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ByronBug
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| posted on January 6th, 2004 at 10:51 PM |
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:sandrine
Just swapped to shannons.
In answer to your question...
I drive my bug everyday daily driver as I use it for respite work, so its my office.
Shannons didn't have a problem with that.
Give them a call & I am sure they are willing to answer all your Questions.
website is http://www.shannons.com.au.
59 Microbus Kombi (MERCY)
64 Microbus Kombi (CHANNON)
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twoguns
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| posted on January 6th, 2004 at 11:46 PM |
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my bus was insured with them. but for 8k a year. when i told them i was using it more now. they jacked up and said no. then they tried to double the
premium. but even then they still made it seem that they dont really accept it.
Simply Cruzin'...
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sand kombi
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| posted on January 7th, 2004 at 02:43 AM |
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Mines a daily drive, and when I insured it there was no mention of limited kms.
I do about 20-25,000 km a year, and it was stated it was a daily drive
MIKE.
VW'S DON'T LEAK OIL, THEY JUST LEAVE THEIR MARK !!!
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68AutoBug
A.k.a.: Lee Noonan
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 posted on January 7th, 2004 at 09:11 AM |
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SHANNONS were sponsors at Valla - Nambucca
Yes, When I rang them, they Mentioned:
"No Daily Driver"
"not to be driven to work daily"
8k a year maximum..
Car has to be locked up under cover at night.
Shannons is for Classic Cars- vintage - veteran- etc
Actually they were at Nambucca - Valla Park - last year - they were sponsors...
and gave out bags with their info included.
Lee
- [size=4]Helping keep Air Cooled VWs on the road - location: SCONE in the Upper Hunter Valley - Northern NSW 320 kms NNW of SYDNEY--- [/size]
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Bizarre
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| posted on January 7th, 2004 at 09:18 AM |
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I would also try NRMA
They will insure to an agreed value. There base figure unsighted for a 1303 is about $5k but they will go higher if they view it.
They dont have salvage rights automatic but good chance you would buy it back anyway.
Futue te ipsum!!!
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Stanley
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| posted on January 7th, 2004 at 10:07 AM |
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| Quote: | Originally
posted by sand kombi
best part is you get the wreck back if you right it off
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I'm pretty sure that this is the case only if your car is of a certain age 35 years i think.
Shop around
I to am insured with them although I only run my car on club rego this made it easier.
I think you'll do it tough if its a daily driver as their premiums are based less time used less chance of a prang.
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baybuscamperkid
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| posted on January 7th, 2004 at 10:09 AM |
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well they had a stand at the day of the VW in victoria, i am 17 and looking to insure my bus when i get my liscence. they said they would get an
assessor out and have no prob with agreed value. generally they will only insure 3rd party for P-platers (at a VERY cheap price), but if the vehicle
is restored well and they can see the effort they usually ahve no problem offering comprehensive. my bus is also running a subi engine and a host of
other mods, and according to the guy, as long as the engine is not seen as a proformance mod then it is not an issue.
Reimagined/Recycled/Upcycled Cool
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PurpleT3
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| posted on January 7th, 2004 at 11:39 AM |
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I've just paid Shannons my premium for fully comp agreed value insurance on my convertible type 3. I drive it every day to work, shops etc.
There was no mention of limited use. Slavage rights are an optional extra which cost a bit more.
The car needs to be inspected as the agreed value is above market value, just to make sure its worth that much.
I found them very easy to deal with and they were happy to talk with me and answer all my questions.
Ain't nothin' like the wind in your hair.
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57kombi
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| posted on January 7th, 2004 at 11:51 AM |
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Baybuscamperkid
Do not take a salesmans word for it, A subi motor is a performance modification and if it is not listed on your policy and has not been authorised by
your sates motor vehicle reg center or whatever you call it in your state you will not be insured,
I have said this before READ YOUR POLICY,
Just cause the salesman said it would be insured it is your word against his and if it is not specified in the policy you get nothing.
The salesmen are on comissions and a number of the m might not know what they are insuring.
Please always check the policy.
Even if it states you have something on the policy if it has not been authorised by your government reg department you will have a void insurance when
you come to make a claim.
Cheers
Dave
Yes I do know what I am talking about I am an Insurance claim investigator:jesus
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KOM123
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| posted on January 7th, 2004 at 02:16 PM |
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| Quote: | Originally
posted by kafer69
| Quote: | Originally
posted by sand kombi
best part is you get the wreck back if you right it off
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I'm pretty sure that this is the case only if your car is of a certain age 35 years i think.
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Mine is insured with them and they know it was a daily driver. Its also a '76 and I have full salvage rights too.
The only thing I had to do was fit an approved immobiliser as it's under a carport, not in a lockup garage.
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micromatt
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| posted on January 7th, 2004 at 02:33 PM |
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Just for the record.
Two topics are being discussed here.
One, is the legal engineering requirements regarding modifications to vehicles, the second is an insurance company's acceptance of modifications.
Assuming that the insurance company accepts the modifications, and in the case of Shannons, I know that they do, then the interpretation is that as
long as the modifications are legal and road worthy (as per point one) and nominated on the policy, they are covered.
One of 57kombi's points is correct. If a modification, not accepted by the government body, is proven to be the cause of an accident, then the
insurance company may think twice about paying out the claim.
As for DoNKEy's question, certainly give Shannons a try,
Cheers,,
Matt
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57kombi
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| posted on January 7th, 2004 at 03:00 PM |
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The modification does not have to be the cause of the accident.
If you have modified your vehicle and it is not noted on the policy the insurance company can deny your clai, even if it did not have anything to do
with the accident.
This is called Full Disclosure, this means that you must tell the insurance company anything that might have an effect on the policy.
If they send someone out and see that you have larger wheels or twin carbs they can deny your claim.
I am not saying they will but they can.
The best advice is get all the details in writing, check the policy before you get the insurance.
Just cause the salesman says it will be alright, get it in writing first.
I see a number of guys each month who have there policies denied and then say "but the insurance broker said it would be alright"
If its not in the policy its not covered.Full Stop.
Most policies state that the vehicle must be over 35 years old for you to get retention after it is written off, but each policy is differant.
Dave
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micromatt
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| posted on January 7th, 2004 at 03:12 PM |
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Are you identifying a comparison between brokers and insurance companies?
It isn't the broker that pays out on claims. It is also not the intention of (most) insurance companies to take your money and deny claims. No
claims, no business. I think you'll find that specialist insurance companies, such as the one talked about, will happily pay out claims to keep
enthusiasts on the road. There are however, situations where this is not possible. Duty of Disclosure protects both parties here.
Cheers, Matt
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57kombi
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| posted on January 7th, 2004 at 03:23 PM |
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You have just confirmed what I have said.
The brokers only sell the policies and have been known to say"Yes that will be covered"
when the insured person makes a claim they go to the insurance company and they say they dont know what you are talking about because the broker hasnt
included whatever on the policy.
My whole point again is read the policy for what is and what isnt covered!!!
Insurance companies are in the business of making money, they are not charities,
If they can get out of paying a claim they WILL.
I see it a number of times a month.
Are Shannons a broker ??
Disclosure does work both ways the insurance company is covered by issuing a policy, this discloses everything it needs to.
But you have to tell them if your vehicle is differant from standard in any way, even to tyre size, rim size, adjusters in beams, etc etc.
Dave
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micromatt
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| posted on January 7th, 2004 at 03:49 PM |
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Shannons is a licensed insurance comapny, not a broker.
Matt
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 helbus
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| posted on January 7th, 2004 at 05:11 PM |
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Brokers find the insurance for you.
The Insurance company insures you
The Insurance company is usually underwritten by a larger corporation.
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crazyfiggi
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| posted on January 7th, 2004 at 05:31 PM |
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I am 17 and my car is insured with them 3rd party. They just listed my car as modified but they didnt atcually list all the mods that have been done
to it, so i can do anything i like to my car 
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57kombi
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| posted on January 7th, 2004 at 06:43 PM |
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you can do whatever you want but if it isnt on the policy you wont get paid for it if stolen.
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crazyfiggi
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| posted on January 7th, 2004 at 07:25 PM |
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57kombi, i wont get paid for anything if it gets stolen as its only 3rd party.
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57kombi
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| posted on January 7th, 2004 at 07:34 PM |
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Sorry when you said third party I thought you meant third paert, fire & Theft.
If it is insured third party only, if you have mods that the insurance company doesnt know about they can refuse to pay the claim to the other party
as you vehicle wasnt meant to be insured with those mods.
In other words if you hit a ferrari and they find that your engine wasnt supposed to be in a bay, they can refuse to pay the claim and then the
ferrari owner takes you to court and sues you.
Please read your policy and check that you are allowed the mods that you have made to your car.
Cheers
Dave
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micromatt
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| posted on January 8th, 2004 at 08:12 AM |
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Once again, if the modifications are road worthy and street legal, and the policy states that the vehicle has been modified, then Shannons will cover
all modifications. They do not have to be individually listed on the policy.
I can't speak for other insurance companies however.
Matt
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Jay_1965vw
A.k.a.: Jay
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| posted on January 8th, 2004 at 01:21 PM |
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I suspect that Shannons may have different rules in different states... Only because what I have experienced is so different to what other people
mention.
Anyway, in Melbourne:
My car is insured to agreed value, with salvage rights if written off, and my choice of repairer if I need to get it fixed. It is a daily driver,
stored in a carport off the street. I have an alarm and engine immobiliser fitted.
Most of you would have some idea of the effort I put into restoring my car - the agreed value does cover my costs.
I have fully comprehensive insurance, with rating 1 protection (keep in mind I've never had an accident... touch wood...), and it costs me just
over $500 annually. Oh yeah, and I can get a free windscreen each year if I am unfortunate enough to break it (thanks for the chip Tassie :P, got to
test my policy).
Apart from all that, they sponsor a large number of the VW events across Australia!
I would recommend Shannons anytime.
Jay
Part of Melbourne's Unreal Aircooled VW Community
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