Insurance companys and their antics!

Yep!, all that and more, My niece has worked for a insurance broker for years , there is two sides to every thing , but its the vehicles released into the seconhand market through this avenue that is becoming a concern i tihink anyway.

cheers.

I agree, the true "write offs" should be crushed.

Axle, an insurance broker is most definately NOT an insurance company :)

As a qualified AAII I can state that insurance is designed for the cost of a disaster to be spread across many people, and the affected person should be restored to the condition they were in prior to the disaster, or event. There is obviously administration involved, the cost of which needs to be spread as well.

The purpose of insurance is not to improve someone's position after an event, although this is a commonly held belief. In many cases people are better off (new for old) because the cost of manufactured goods continues to fall and wages continue to rise, making repairs uneconomical compared to replacement with new.

Once the insured has been paid or otherwise restored to their previous situation, the subject damaged goods become the property of the Insurance company, not the insured, and this is quite correct. Then the company has the right to sell it, just as you have the right to sell your own property.

Insurance companies also have to contend with extensive fraud which in the end just costs honest people more for their premiums. The occasional few get caught and jailed, but most get away with it.

Are all companies honest? - I'm neither defending nor attacking, just outlining the principles of Insurance as briefly as I can :)

In QLD the wrecks at auction have stickers on them from govt bodys stating this vechicle is for parts only and canot be repaird, the vin numbers are aslo put on the system so they cannot be registered. Go down to your local wrecking yard and you may find these vehicles there with the stickers still attached. Its not the insurance companys that rebuild but shonky panel beaters out for a easy buck. Not saying that insurance cos dont have a lot to answer for. col

Not wrong mate!, But so it goes on again.!.


Cheers.

Hint ! Check for mud/gunk under the dash. It's impossible to clean under there.

Experience there. Bought a car once and had no end of electrical problems.
Pulled the dash out and you could grow spuds in there.

That was years ago before everything relied very heavily on electronics.

Dave

True , but for the actual standard of work carried out on the vehicle, i doubt there would be any guarrantes.

Cheers.

yep My sister had her POS v8 hq ute on gas run into with a broken rear tail light and it was written off.
She bought it back off of them for less than the payout and i fitted a new rear tail light for $20