Club 4X4 - Insurance for 4X4 Enthusiasts

[Club 4x4]

Hi,

Please don't think that I'm out just to bag your company, that is not the case. I dislike ALL insurance companies equally. It is the nature of all vehicle insurance in this country that rubs me the wrong way. Sell a product for the highest price possible, while being exposed to the least possible risk, and with the greatest possibility of declining the claim. Indirectly, that statement is the creed of all insurance.

The American vehicle insurance is a much better and fairer method ... insure the driver, not the vehicle. Unfortunately, that will never happen in Australia because of our much smaller population of possible policy holders and the need to acquire more revenue for our excessive amount of insurance providers. This is why many companies see the Asian market as the next "goldmine".

Anyway ...... your message. "price is important, but there should always be a balance where you understand the coverage as well".

Price IS extremely important to the prospective policy holder, as is understanding the coverage, but reading the "fine print" or PDS ( policy disclosure statement ) is CRITICAL. You will discover that nearly all standard vehicle policies have the same "exclusions" ( non-disclosure, roadworthy requirement, existing damages, previous claims ...ect.... )

A number of insurance companies are now claiming to be better than others because they cover all your accessories. Don't be fooled, you will be indirectly paying for it. I would rather pay to replace any stolen accessories than "inflate" the policy cost. All company's have done their homework and know the statistics of total vehicle loss against stolen accessory claims. They will always be in front.

In conclusion ........

IMO, cost is the only difference between all of them. So, after checking everything's equal, go for the cheapest price.


* Note : This is my personal opinion only and not intended to defame any particular company or individual.

Hey Bazza,

Mate i never thought you were bagging us out at all and hold no negative view of discussion and opinions - this is where i hope to have a brand that is different to the mainstream. Constructive feedback is critical to our ongoing improvement and it is exactly what has helped us improve our product over the last 12 months.

What i will say is that i am 100% glad you have stated the importance of "fine print"and PDS' in the same line as where you said "all insurers are the same" from the exclusion perspective. Whilst that may be true you don't want people to have the misconception that all policies are the same, because they are not.

Cheers

Kal