Dales300exc
24th October 2014, 06:12 PM
Okay Ladies and Gentleman,
My insurance renewal came and I've had third party fire and theft (up to $5k) for a long time, but as the money into the project grows, and the thefts of Patrols and vehicles in general sky rockets, I thought it was about time I stepped it up a notch.
Now the issue restricting me from companies such as Shannon's are that I am 24 years old. They require you to be 25. Apparently you can not be a car enthusiast if you are under 25. Never had an accident, few speeding fines being the only mark against my name.
Going through AAMI, RACV and after 35 minutes on the phone with YOUI explaining every add on etc, they gave me an agreed value of $6500, and, wait for it, $1100 a year. WTF, can not even buy a decent bog stock GQ Diesel for that. Let alone the fact I would be stupid to pay that much for so little.
I came up with the highest agreed value of $8500 (RACV I think) through one of the companies with a premium of $1100ish being the result.
Now, as we all know, we put a hell of a lot of money into our rigs let alone the blood, sweat and tears. I have put (ballpark) $30-40k into my car (not including purchase price), and it is still in my eyes, nothing special, so there will be more to come. As I said to insurance, I do not expect to get my money back in the event of theft, and never will. But is an agreed of $15k too much to ask? It would hardly buy me a replacement 4wd let alone come close to covering anything.
I know my car is old, I understand that, but I am happy to pay a premium for a decent agreed value. It's at a point where I am too scared to park it at home so I leave it locked up and alarmed elsewhere, almost worried about some scumbag stealing it while I am sleeping in the swag next to it out bush.
What is everyone doing?
Sorry for the rant, just a paranoid enthusiast that can't get enough cover.
Thankyou in advance.
My insurance renewal came and I've had third party fire and theft (up to $5k) for a long time, but as the money into the project grows, and the thefts of Patrols and vehicles in general sky rockets, I thought it was about time I stepped it up a notch.
Now the issue restricting me from companies such as Shannon's are that I am 24 years old. They require you to be 25. Apparently you can not be a car enthusiast if you are under 25. Never had an accident, few speeding fines being the only mark against my name.
Going through AAMI, RACV and after 35 minutes on the phone with YOUI explaining every add on etc, they gave me an agreed value of $6500, and, wait for it, $1100 a year. WTF, can not even buy a decent bog stock GQ Diesel for that. Let alone the fact I would be stupid to pay that much for so little.
I came up with the highest agreed value of $8500 (RACV I think) through one of the companies with a premium of $1100ish being the result.
Now, as we all know, we put a hell of a lot of money into our rigs let alone the blood, sweat and tears. I have put (ballpark) $30-40k into my car (not including purchase price), and it is still in my eyes, nothing special, so there will be more to come. As I said to insurance, I do not expect to get my money back in the event of theft, and never will. But is an agreed of $15k too much to ask? It would hardly buy me a replacement 4wd let alone come close to covering anything.
I know my car is old, I understand that, but I am happy to pay a premium for a decent agreed value. It's at a point where I am too scared to park it at home so I leave it locked up and alarmed elsewhere, almost worried about some scumbag stealing it while I am sleeping in the swag next to it out bush.
What is everyone doing?
Sorry for the rant, just a paranoid enthusiast that can't get enough cover.
Thankyou in advance.