Insurance I have been droped for to many accessories by my insurance company

Submitted: Tuesday, May 13, 2008 at 19:44
ThreadID: 57579 Views:3274 Replies:11 FollowUps:8
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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 ideasAdelaide

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Reply By: Parso - Tuesday, May 13, 2008 at 20:01

Tuesday, May 13, 2008 at 20:01
G'day Roadtrainjack
If you join a 4WD club you would have access to great cover at a reasonable cost.
Even if you don't join a club, have a look at Affinity Insurance Brokers. http://www.affinityrp.com.au/car-insurance

Regards
Parso
2012 Toyota Landcruiser 200 Series Sahara.

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AnswerID: 303652

Reply By: roadtrain jack - Tuesday, May 13, 2008 at 20:45

Tuesday, May 13, 2008 at 20:45
thanks mate will give that a try ! I have 3 other mates who are looking to join a club in Adelaide ! see what happens again thanks
AnswerID: 303662

Reply By: lockey lux - Tuesday, May 13, 2008 at 21:01

Tuesday, May 13, 2008 at 21:01
aami cover the vehicle + extras there are some insurance companies that cover the price of the extras but like every time i renew i check for cheaper you just have to have a good look around at what each one offers. the only thing is that if it does cover your extras it will cost more as well and some are just stupid prices.
AnswerID: 303665

Follow Up By: roadtrain jack - Tuesday, May 13, 2008 at 21:24

Tuesday, May 13, 2008 at 21:24
Thanks Lockey ! funny thing is c.g.u insurance dropped me , D.G.A are going to have a look at me tomorrow ,cover all my extras but still only market value for car ( redbook ) the under writers for D.G.U are C.G.U !!!! talk about stupid
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FollowupID: 569796

Reply By: Waza & Wend - Tuesday, May 13, 2008 at 21:13

Tuesday, May 13, 2008 at 21:13
Insurance companies, got to love them. Try Western QBE. We have ours insured with them for an agreed value of 60k. I had to provide all rec's but no questions asked and covered anywhere in Australia.

Cheers
Wasa
AnswerID: 303670

Follow Up By: roadtrain jack - Tuesday, May 13, 2008 at 21:28

Tuesday, May 13, 2008 at 21:28
now that sounds great , I have all the rec's always deal with the same A.R.B shop ! will they agree with a little more value on the car
Thanks Waza and Wend
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FollowupID: 569797

Follow Up By: Waza & Wend - Tuesday, May 13, 2008 at 22:52

Tuesday, May 13, 2008 at 22:52
Market value is what it is, but ours is insured for market + the value of the accessories fitted, but does not cover the suspension etc as they are not classed as acc. Rack, drawers, snorkel etc all covered. The problem we had was the chev diesel as no-one wanted to insure for the value it was worth except Western QBE.

Cheers
Wasa
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FollowupID: 569820

Reply By: daisygirl - Tuesday, May 13, 2008 at 21:33

Tuesday, May 13, 2008 at 21:33
Years ago we had a Suzuki Sierra with lots of additions and I think it was Suncorp that would do an agreed value rather than market value but I had to take it to a depot for inspection.
AnswerID: 303673

Follow Up By: roadtrain jack - Tuesday, May 13, 2008 at 21:46

Tuesday, May 13, 2008 at 21:46
Thank you Daisygirl
I would welcome any inspection on the old girl , like I said this old girl is just like it came out of the Toyota production line yesterday ! like many other drivers here, we take a little pride in what we drive ! sure I could go and get a new one , but there is just some think about the old 80 ! suncorp, will keep that in mind ! thanks again !
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FollowupID: 569799

Reply By: Member - Wayne57 (WA) - Tuesday, May 13, 2008 at 22:02

Tuesday, May 13, 2008 at 22:02
Try SGIO found them to be the cheapest, agreed value plus accessories. Total $72,000
AnswerID: 303682

Follow Up By: roadtrain jack - Tuesday, May 13, 2008 at 22:09

Tuesday, May 13, 2008 at 22:09
thank you for that Wayne if I have no luck with D.G.A I will give them ago
thanks mate !
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FollowupID: 569804

Reply By: Member - Stephen L (SA) - Wednesday, May 14, 2008 at 08:02

Wednesday, May 14, 2008 at 08:02
Hi Roadtrain Jack
One Company that many people are not aware of, except for country people is Elders Insurance. We have been with them for years now, cheaper than some of the bigger players on the market and no problems with the extra gear that we have as accessories. All we had to was give them a complete list of every item that we have fitted, from bull bar, through to seat covers etc..
You can even make monthly payments without any extra fees,

Cheers

Stephen
Roxby Downs Special

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AnswerID: 303708

Follow Up By: roadtrain jack - Wednesday, May 14, 2008 at 14:02

Wednesday, May 14, 2008 at 14:02
Stephen
thanks mate for your input , looks like DGA are going to cover me ! just got a cover note in the mail today they will cover all my accessories !
thanks mate !
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FollowupID: 569880

Reply By: Member - aussichef (SA) - Wednesday, May 14, 2008 at 11:08

Wednesday, May 14, 2008 at 11:08
If your over 50 try APIA they saved me over 100 dollars a year on my insurance @ a higher market value than SGIC who i was with for years
And also covered me for things SGIC wouldn't
warren aka aussichef
AnswerID: 303725

Follow Up By: roadtrain jack - Wednesday, May 14, 2008 at 14:07

Wednesday, May 14, 2008 at 14:07
not 50 yet old mate , but I am getting there , its moving along just a little to fast for me ! 48
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FollowupID: 569881

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.
AnswerID: 303726

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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FollowupID: 569886

Reply By: Von Helga - Thursday, May 15, 2008 at 11:28

Thursday, May 15, 2008 at 11:28
Jack,
I've had two cars with CGU without any issues.
I wonder could you itemise what extras you have so as I can see where the differences are.
Cheers
AnswerID: 303905

Reply By: Avan - Thursday, May 15, 2008 at 22:58

Thursday, May 15, 2008 at 22:58
Consider the question that is usually asked on insurance application forms. That is have you ever had an insurance policy cancelled?
If you have and answer it yes you may find insurance hard to get or very expensive. If you have and you answer no, then you have lied on your application form and they have the right to refuse a claim. I was told years ago if this situtation arises ...cancel your policy BEFORE the time is up, in your case within the 7 days. Then you can answer the question correctly that you have never had a policy cancelled.
AnswerID: 304039

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