Caravan Insurance... any ideas please
Submitted: Tuesday, Aug 24, 2004 at 19:31
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Rick Blaine
I went to put insurance on my new van that I will be picking up on the 4th Sept and thought that as my current 1 is with AAMI that would be the go, alas the premium of $980!!!!!! was way above the amount I expected. AAMI says
Canberra is a high risk area. APIA is offering the same coverage at about $460 including $1000 contents cover and this can be either agreed or market value. My credit union who will finance the deal are pushing Alliance.. but their policy, though competively priced is for " Market value less an amount for depreciation, wear & tear" i.e in the event of a total loss they say the van is worth whatever they think...
Van is worth $46500 so I will have to insure it comprehensivley and an agreed value policy is the way to go and some people have had bad encounters with CIL insurance. Anyone have any ideas or has anyone any horror stories about APIA who at this stage seem to want my busness the most...
Reply By: Rossco100series - Tuesday, Aug 24, 2004 at 21:33
Tuesday, Aug 24, 2004 at 21:33
www.dgainsurance.com.au
have a look and read very interesting.
Rossco
AnswerID:
73844
Reply By: Member - Captain (WA) - Tuesday, Aug 24, 2004 at 21:40
Tuesday, Aug 24, 2004 at 21:40
Hi Rick,
You really need to read the fine print on caravan insurance. I have had my van insured with 3 different mobs (CIL, TCIS and SGIO) in 3 years. Luckily I have never had a claim, but I have found some traps to be aware of.
My van is a poptop with canvas ends and with one mob the canvas ends and pop top plastic where not covered after 3 years old! Another mob would not cover an annexe over 3 years old without significant depreaciation plus items like house batteries and chargers were not covered. One would only allow $500 total for contents (TV alone not fully covered, never mind all the sundries like bedding, clothes, crockery etc... in the event of a fire). Also, I do not like market value policies and would avoid one like the plague.
I have now ended up with SGIO (in WA) as I have found it to be the most cost effective cover (not the best cover, but best value for money). I also insure with SGIO for home and vehicle and after having had a home and vehicle claim, have actually found them fantastic to deal with when claiming!!!
Good luck in your quest.
Cheers
Captain
AnswerID:
73845
Follow Up By: big bear - Thursday, Aug 26, 2004 at 15:57
Thursday, Aug 26, 2004 at 15:57
Hi Rick,
Well we did have a claim, we were with CIL (still the cheapest and best), they were fantastic. Something went straight through the side of the van (possibly a 'feral' star picket) at
Larrimah in NT. Arranged with CIL to have fixed at
Townsville. They were fabulous. We are collecting our new van(second hand) in September, have rung, emailed so many companies re insurance. CIL & SGIO definately stand out cost wise. Some companies were almost double price and some others do not cover Australia Wide.
Good luck with your new Van,
regards, Bigbear
FollowupID:
334077
Reply By: Member - Chris M (QLD) - Wednesday, Aug 25, 2004 at 10:43
Wednesday, Aug 25, 2004 at 10:43
Stated in the past, do insurance recovery work for all above.
AAMI, APIA and Alliance are all under the Promina umbrella. In other words, Promina owns (Shareholders own) all of them. If you are in the age bracket APIA are very good from what I have heard.
Leave it to you mate, but make sure you
shop around. Competition is a wonderful thing.
Cheers
Chris.
AnswerID:
73879
Reply By: Penguin (NSW) - Wednesday, Aug 25, 2004 at 12:50
Wednesday, Aug 25, 2004 at 12:50
Rick
I have the van insured with NRMA. From memory it was about $300 to insure for $20k. Might be worth checking out.
AnswerID:
73892
Reply By: Teejae - Wednesday, Aug 25, 2004 at 19:58
Wednesday, Aug 25, 2004 at 19:58
Rick, i have heard that CGU are very good.
AnswerID:
73934
Reply By: pjd - Wednesday, Aug 25, 2004 at 20:14
Wednesday, Aug 25, 2004 at 20:14
go with someone that only deals in vans not cars or houses ect they no what caravans & campervans need & do CIL have a good rep
AnswerID:
73940
Reply By: Old Soldier - Wednesday, Aug 25, 2004 at 21:36
Wednesday, Aug 25, 2004 at 21:36
I have APIA on my van, and am currently going through a claim after copping a flying rock above the front window.
They are excellent with their service, and I was surprised to find that AAMI does all the claim admin for them.
Both APIA and AAMI have been great with this incident.
regards
Dennis
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73966