![]() |
|
Welcome to the Australian Ford Forums forum. You are currently viewing our boards as a guest which gives you limited access to view most discussions and inserts advertising. By joining our free community you will have access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features without post based advertising banners. Registration is simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact us. Please Note: All new registrations go through a manual approval queue to keep spammers out. This is checked twice each day so there will be a delay before your registration is activated. |
|
The Pub For General Automotive Related Talk |
![]() |
|
Thread Tools | Display Modes |
![]() |
#31 | |||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,900
|
Quote:
__________________
~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. ![]() |
|||
![]() |
![]() ![]() |
This user likes this post: |
![]() |
#32 | ||
praek tih kl jo kr
Join Date: Mar 2011
Location: Atwell W.A.
Posts: 1,657
|
My son had a V8 Toyota Soarer, it was given to him, it didn't really have much value at the time so he insured it for 3rd party fire and theft for market value with SGIO, he used to just use it as a daily driver to get around and it wasn't pretty, anyway one day the engine caught fire, it spat a injector o ring at the rail, he pulled over and a passing motorist pulled over and put it out limiting the damage to just the top of the motor, so he made a claim under the fire part of the policy, they promptly wrote it off and offered him $3000, for some unknown reason only known to him he asked if he could buy the wreck back, they said no problem $2500 is the wreck value, so he would have got the car back and had to pay the $500 excess.
Now this is where I got involved in it, I started looking around to see what a replacement Soarer would cost, thinking I could get one for $1500, I could not find 1 under $7000. so we then turned the tables on SGIO and said the $3000 was not a current market value as we could not replace it for that and sent them half a dozen links, they finally came back with another offer of $6000 which I told my son to take and let them have the wreck, after excess he received just under $5500. I then purchased a 2010 BMW 323i with minor rear damage and repaired it for him for under $4000 So you may be better off with your 3rd party If someone crashes into you their insurance will pay you for your car and you keep the wreck, If its stolen you will be paid out market value, if it catches fire you will be paid out market value, if you crash it and its your fault you have a wreck but you dont have to pay for the other parties car. I think sticking with 3rd party is a win win for older cars. |
||
![]() |
![]() ![]() |
4 users like this post: |
![]() |
#33 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,900
|
Came to the same conclusion. There would only be a very limited number of scenarios where I would realistically make a full comp claim. Changed from 3rd party only to 3rd party with fire and theft, and saved myself $3 a month
![]() Reading some of the accounts here, makes insurance companies sound like good guys!
__________________
~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. ![]() |
||
![]() |
![]() ![]() |
![]() |
#34 | |||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 10,841
|
Quote:
Problem with full insurance is they won't allow you to use the boat as you see fit, there are always conditions on time of year to sail, where and under what conditions. In the end its works out better to put that saved money aside to cover a total loss at sea under your own terms. (assuming you survive a sinking) Insurance companies and marina's are now getting together (conspiring I call it) to ban non full comp insured boats from marina's and anything that doesn't pass marine survey. Possibly one step towards the same happening in apartment building carparks or caravan park sites. In the US there are RV parks that will not allow a motorhome non fully insured or older than 10 years to stay. Is this the way we could be headed.
__________________
heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
|
|||
![]() |
![]() ![]() |
4 users like this post: |
![]() |
#35 | |||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,974
|
Quote:
|
|||
![]() |
![]() ![]() |
This user likes this post: |
![]() |
#36 | |||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 10,841
|
Quote:
If you can not prove the professional build quality of a hull for full survey, you can not qualify for full comp insurance and therefore a marina berth. Bit of a merry-go-round these days.
__________________
heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
|
|||
![]() |
![]() ![]() |
![]() |
#37 | |||
Experienced Member
Join Date: Sep 2006
Location: Australasia
Posts: 7,564
|
Quote:
|
|||
![]() |
![]() ![]() |
![]() |
#38 | |||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 10,841
|
Quote:
Its what keeps their boat yard workers in work most of the time.
__________________
heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
Last edited by roKWiz; 22-02-2023 at 01:39 PM. |
|||
![]() |
![]() ![]() |
This user likes this post: |
![]() |
#39 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,974
|
It’s not hard to see caravan parks as development prospects, they already have some supporting infrastructure in many cases (roads, services) and are already cleared for a form of approved residential use. So - pressing a council to re-zone and upgrade services is easier than starting from nothing.
|
||
![]() |
![]() ![]() |
This user likes this post: |
![]() |
#40 | |||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,900
|
Quote:
e.g. How many times, on average, do you drive between the hours of 7 to 9:30am and 3 to 4:30pm. Those are school run times, and I try to avoid them like the plague, too many impatient maniacs in SUVs. Interestingly, they no longer ask about mods and accessories, but in the T&Cs they say it must be legal and road worthy. I guess it makes no difference to them when there is a defined value. Last time I applied, about 5 years ago, they did state all mods were covered, except non factory forced induction. That seems to have now dropped off the list of questions too. This is AAMI.
__________________
~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. ![]() |
|||
![]() |
![]() ![]() |
This user likes this post: |
![]() |
#41 | |||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 10,841
|
Quote:
It scared so many about travelling OS that a small caravan boom happened, then fast forward to recent time happening again. Its now a very favourable place to stay without the cost of OS, airBnB's and Hotels. New caravan sale shot up and so did insurance on such vehicles the older style park from years back (basic amenities) are disappearing due to the new breed of wealthy RV owners demanding better facilities, which in turn is pushing out the older vans, motorhomes and permanent residents. One of the factors insurance companies are using is the liabilty of an older van being onsite. edit, many tourist parks in Oz are council / committee run on land subject to inundation so can't be built on.
__________________
heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
Last edited by roKWiz; 22-02-2023 at 02:07 PM. |
|||
![]() |
![]() ![]() |
![]() |
#42 | ||
PURSUIT 250
![]() Join Date: Mar 2009
Location: sydney
Posts: 5,786
|
i bought a au ute for 4500 recently, its insured for 4k market value, full comp was $100 more a year so was a no brainer
|
||
![]() |
![]() ![]() |
2 users like this post: |
![]() |
#43 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,974
|
IIJM or do others here wonder what happened to second party insurance? It just seems like a descriptive gap between comprehensive and third party!
|
||
![]() |
![]() ![]() |
This user likes this post: |
![]() |
#44 | ||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 10,841
|
1 2 3 4 5 Senses working overtime.
__________________
heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
|
||
![]() |
![]() ![]() |