Insurance I have been droped for to many accessories by my insurance company
Submitted: Tuesday, May 13, 2008 at 19:44
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roadtrain jack
Insurance ! I have been dropped by an insurance company because I have to many A.R.B accessories ,they gave me 7 days to find someone ! I have a Toyota GLX 80 landcruiser 1991 Turbo diesel yes an old one , but she has only 140,000 on the clock spent much of her life in the shed ,looks brand new ! has a new motor only 2000 ks on it !thanks to someone leaving a bolt behind when they put a new
snorkel on ! that's ok understand you only get market value ! I have put almost 16,000 of accessories on it this year ! and that's, not a lift kit or lockers !haha just wanted to make it comfortable for me and the wife ! we don't use this car every day only if we get time to travel ! (its back in the shed ) we hope to do that big trip one day ! Insurance said its worth 12,000 ....... Sure you can buy them for that ,But I would like to see what you get for that !
C.G.U say if you go over 38 % of the value of the car with accessories , they dont want to know you ! I was a very loyal customer .
any ideas
Adelaide
Reply By: The Landy - Wednesday, May 14, 2008 at 11:19
Wednesday, May 14, 2008 at 11:19
Consider taling to TCIS brokers as they speicalise in obtaining insurance for custom vehicles.
When I was insuring The Landy NRMA wre willing to double their normal valuation from $10,000 to $20,000 however this was not acceptable for us. TCIS placed it with a specialst insurer and I insured for $35,000 after obtaining a written valuation report on the vehicle.
Having said that I previously had a brand new Landy with plenty of accessories and NRMA insured the vehicle plus accessories without any issue. I think that highlights one of the issues, brand new vehicle, plus accessories is not usually a problem, but once you have an older vehicle they become less inclined to insure for valuations that are substantrially higher than the underlyingvalue of the vehicle (in most circumstances).
I found TCIS time consuming when arranging, but they did the job and that was to obtain acceptable insurance for me.
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Follow Up By: roadtrain jack - Wednesday, May 14, 2008 at 14:26
Wednesday, May 14, 2008 at 14:26
thanks mate , for taking the time to reply , if I have no luck trying to get my cover up some more , I might give TCIS a call just to see if they will do a special custom policy for me ! I can always change insurance brokers ! we where thinking of joining the Toyota landcruiser club , people tell me you get better deals with insurance , plus new friends !
thanks
Landy
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