Aussie Owners - Insurance values?

[VladTepes]

KC if (insert any insurance company) aren't actually in NZ then they wouldn't.

[KiwiCol]

My lot have upped my premiums, 1 little total loss claim & bang, they up your premiums!     It's only for 1 year though then it comes back to std. 

[GSX3]

How did you get on with insurance Vlad. Just insured fully comp with Youi $253.
Had a claim with them when cyclone Marcia went thru Rockhampton. Lost the solar hot water system off the roof. They had a new system installed in 7 days. Actually before we got power back.
Bruce

[VladTepes]

Haven't shopped yet -premium with QBE isn't the issue I just wanted to assess how reasonable the insured value is.

[Dan B]

How did you guys with Swann insurance get on? Want to change from AMII as they are very expensive and won't cover me if I respray anything.
I'll try Swann if they cover custom paint and if you guys have good reports.
The tank and plastics were resprayed badly by a previous owner and I want to redo the lot a colour more interesting then poorly painted gloss black.
Maybe a matte green and black style, not sure yet.

[VladTepes]

QBE & bike value.

"Agreed value" is only agreed for one year apparently, then they decide what its worth as 'agreed' for the next year.

On renewal QBE dropped my "agreed value" by well over $1000. Apparently they think I could replace my bike as it stands for $6K. They are wrong.

Anyway I rang them up and told them they were wrong, and had a discussion about 'red book' values not reflecting actual market prices.
They asked how much I wanted to insure for, and let me go to $8,000.  Premium difference was only $25 / year.

So it pays to discuss with your insurer if not satisfied.

[RickC]

I was insured with Swann, I liked them @$270 a year a couple of years back, I couldn't get a better quote, decided to declare a PC3 and the premiums doubled or close to a little over $500, best I could find after that was QBE for $381, with hindsight I would've kept my mouth shut.

[Sweaty]

I'm with Swann @ $302.00, market value.

[Kiwifruit]

Have a guy who has dropped off his ute for an insurance repair to the front of it.
He says " make sure you get the right parts mate"
Me "No worries, got the rego number and chassis number, not a problem."
Him " you can see its got the wide guards, late model headlights and grille.and l'll get you to include the scratch on the door too"
So l start by asking if he has notified his insurance company of these modifications. ....... silence !!
So you are paying for the damage you did to the vehicle you ran into ??  I ask.
"Of course not" he says.
I then tell him to put the mags with the tyres that have legal tread depth back on."
Some people have no idea. He left to contemplate his next move......... 

[Dan B]

Swann have agreed to cover me for aftermarket paint if I select 'agreed value' and factor it into the cost myself. They were great to deal with!
About $400 a year for $7500 agreed value, and I'm 26.
Half the price of my current policy with AAMI.

[Sweaty]

Good to hear Dan 

[grog]

I use Youi, 270 for $7g, no riding gear included. I play them against QBE, they always beat each other with some sort of offer, free pizza, $20 off a bottle of wine, riveting stuff.

[jribeiro]

Hi Folks,

I am a newbie on this version of the GSX 14K group. I was a member of the defunct www.gsx1400.org.

I have a Special Edition all standard, insured with QBE. I am not happy with the market (agreed) value they proposed $5.9K. The premium is $276, no gear covered.

I looked at the market and no way I can buy another SE for 6K in the same state as mine. (40K in great conditions)
I rang QBE and proposed an increased "agreed" value to $8K and they just said "no". I said to them I will shop around, good luck, they reply.

Well, I had a quick chat with RACQ they said: 4.3K!!!! They recommended Famous.

I rang Famous and they dismiss me when I said I also use the bike for daily commuting. (Bad move?)

Well, it seems I have no option then to stick with QBE.

Does any one know of any better deal in regards to agreed value? 

What make me concerned is that QBE is very quick to write off if the cost goes over something like 3-4K. (Easy if it involves tank and muffler)

I feel like not insured for an accident, even a simple fall, where the cost can easily goes over 2-3K. Am I exaggerating?

Cheers....

[seth]

 
To all things 1402
I can't help with your insurance question but good to see a returning lost soul from the old org . Glad you found us all.

[Tony Nitrous]

Hi Folks,

I am a newbie on this version of the GSX 14K group. I was a member of the defunct www.gsx1400.org.

I have a Special Edition all standard, insured with QBE. I am not happy with the market (agreed) value they proposed $5.9K. The premium is $276, no gear covered.

I looked at the market and no way I can buy another SE for 6K in the same state as mine. (40K in great conditions)
I rang QBE and proposed an increased "agreed" value to $8K and they just said "no". I said to them I will shop around, good luck, they reply.

Well, I had a quick chat with RACQ they said: 4.3K!!!! They recommended Famous.

I rang Famous and they dismiss me when I said I also use the bike for daily commuting. (Bad move?)

Well, it seems I have no option then to stick with QBE.

Does any one know of any better deal in regards to agreed value? 

What make me concerned is that QBE is very quick to write off if the cost goes over something like 3-4K. (Easy if it involves tank and muffler)

I feel like not insured for an accident, even a simple fall, where the cost can easily goes over 2-3K. Am I exaggerating?

Cheers....

Have you tried Shannon's ?
They have been very good customising a policy to suit what I wanted.