It always amazes me how insurer's put a certain value on a car when you have no hope in hell of ever replacing it for that value! My current insurer will only cover my Walky for $50K max at the moment. However I have been offered over $60K for it. Therefore if my car goes missing I have to look for another $10-15K to try an replace it.... and that's if I find one as there are hardly any going around for sale at the moment. cheers, Dave.

Vigil would only insure me for $35k

i have a few cars insured with shannons , i recently rang them as i had changed a number plate on one of the cars, the guy on the phone went through and did the change then wanted to know why my walky was only insured for $30k and suggested i upped its insured value , his suggestion was $40k on the phone , more with an inspection

Quote: Originally Posted by disco It always amazes me how insurer's put a certain value on a car when you have no hope in hell of ever replacing it for that value! My current insurer will only cover my Walky for $50K max at the moment. However I have been offered over $60K for it. Therefore if my car goes missing I have to look for another $10-15K to try an replace it.... and that's if I find one as there are hardly any going around for sale at the moment. cheers, Dave. Yeah like that's the thing isn't it, you've got no hope in getting a replacement car under 50K now, specially if you've lost a low kayed and well kept car.

shannons will insure your car for what it costs to replace. however if you sell it to JOHN, and JOHN rings up to insure it and only paid 25k, they will only insure his FINANCIAL INTEREST in the vehicle, which is 25k.. bit silly but thats how it works... as for agreed values. get someone who knows whats goin on and you'll get what u want...

Quote: Originally Posted by ILLUSIV I rang and left a message for him about 6-8 months ago when I 1st bought my walky. Never heard back. I didn't bother a second time, Shannons was good, so I went with them. I have my walky insured for more than $70k with shannons now. I know my mate in sydney has his insured for about the same as mine (his has under 20,000kms). We didn't have to take it in either. So yeah I guess it does depend on who you speak to. Craig Mine is insured for $60,000 and they were happy to raise it from $40,000 to $60,000. All i had to do was provide photos. But now its under insured again so i think ill be ringing them again.

I had no trouble recently uppping the insured value of my cars. They had a look at one at a car show and the other they saw pics of in a magazine. Biggest hassle was trying to work out a figure for them. Corsa

Quote: Originally Posted by Corsa I had no trouble recently uppping the insured value of my cars. They had a look at one at a car show and the other they saw pics of in a magazine. Biggest hassle was trying to work out a figure for them. Corsa What you value the F20 at?

I couldnt get mine insured with Shannons as i had 3 speeding fines in 3 years, the thing was i used to do over 70,000klms a year for work. Tried to explain that to this guy, but he didnt want to listen. "Call me in a year" he reckons, fat chance!! Suncorp has insured mine for replacement cost.

and whats the replacement cost Suncorp has insured it for?

If they(Suncorp) go by Redbook like everyone else for market value it'll be $21500.Like to see someone replace a Walky for that amount.

Pretty competitive business insurance and yeah I don't think many of them would use anything other than the red book value as you say Oma.

It is suposed to be the cost for me to replace it, taking into account the klms, condition, etc. I got told they look at current prices of what walkies are going for. A mate smashed his VN SS a few years back and the red book on them was around $7500. The insurance company (suncorp) ended up giving him $12,000 for it as they couldnt find one with the same amount of klms as his for any cheaper. He had his insured for "replacement cost" as well.

dont you feel a little cheated not knowing how much you would get paid out if your car was written off? Personally, I wouldnt accept anything less than an Agreed Value, that way I know EXACTLY what I am paying my insurance for....

Shannons have been excellent. decided to up insurance today and they just told me to send some photos, so i did and within half hour they got back to me telling me it is now insured for $80,000. They also told me to review it again in november when my renewal date is up and they will increase it again. I Cant complain with that Some original photos have not been recovered yet.

Quote: Originally Posted by VLSSGRPA Shannons have been excellent. decided to up insurance today and they just told me to send some photos, so i did and within half hour they got back to me telling me it is now insured for $80,000. They also told me to review it again in november when my renewal date is up and they will increase it again. I Cant complain with that How many KMs on your car mate, how would you describe the condition of the car? Some original photos have not been recovered yet.

Quote: Originally Posted by I&J How many KMs on your car mate, how would you describe the condition of the car? It has 15,000km. i bought it last november and everything is completely original. Car is in perfect condition.

Yes, it sure is in perfect condition VLSSGRPA!

Quote: Originally Posted by SShan I couldnt get mine insured with Shannons as i had 3 speeding fines in 3 years, the thing was i used to do over 70,000klms a year for work. Tried to explain that to this guy, but he didnt want to listen. "Call me in a year" he reckons, fat chance!! Suncorp has insured mine for replacement cost. if what you say is actually true, then you got a complete retard on the phone... which i highly doubt. I worked for shannons, 3 speeding fines in 3 years is 100% a-ok... maybe 3 losses of license and they would knock you back.

Quote: Originally Posted by VLSSGRPA It has 15,000km. i bought it last november and everything is completely original. Car is in perfect condition. Sounds awesome! Was that the one from the car dealer in Perth owed by a footyball player or similar last year?