Thread: Are you sure that your covered (Insurance).

It's a minefield alright ! No logic at all to that particular position on the fuel tank eh.

A lot of insurance issues here come down to WHERE you are covered. Many stop covering you as soon as you venture of gazetted roads. Other won't cover on beaches even where the are gazetted roads... etc

I've looked into a lot of companies and in my opinion (do your own research YMMV) the best I've come across are Suncorp and Shannons.

TCIS Insurance was reportedly good too (but not cheap) but I have no direct experience of that .

On insurance generally the whole "bundle up to save some money" is a load of old rot. You won't save any money if a claim is knocked back eh.

Because at the time they were the best available cost/cover I have Contents with Suncorp, Defender with Shannons, Honda motorbike (laid up cover) with Shannons, Suzuki motorbike with QGE.

Pays to do your homework.

I've just submitted an application to TCIS. They state anywhere in Australia, doesn't have to be on a gazetted road. They also request an accessory list, and say that as long as you've told them, they're all covered.

Their quote also came in substantially cheaper than others that I found, accessories included, and for an agreed amount much closer to reality than other companies were willing to agree to.

Allianz are a good insurance company but tick the box "is your vehicle modifed" and you are automatically excluded - no questions asked or discussion entered into.

However they do cover accessories (what is a modification vs an accessory I am not sure) - I have everything added to my vehicle listed and have an appropriate "Agreed Value" - I would never trust an insurance company to do a full payout on Market Value - you will always get the lower end of the scale.

Garry

One thing I have to say is that "we" shouldn't have to look closely!
There should be no such thing as "fineprint" when it comes to contracts of any sort. Things that matter and can cause the contract to be null and void or impact on the claim in some way should be in large clear legible print and written in simple words that the general public can comprehend.


Cheers, Mick.

I agree mick, and gravity should also be rum and raisin flavoured......

Not gonna happen in a hurry I mean.

My insurance is with TCIS and its underwritten by Allianz!

They are more expensive than most, but you get what you pay for.
I claimed a few years ago....easy as and no issues at all.

TCIS advised that my long range tank is covered and will not void insurance!

Brett....

Allianz Group is VERY large worldwide and is a big underwriter of other insurers.

The policy details - what's covered, what's excluded etc is up to the insurer you are with - eg T.C.I.S.
Of course this information is taken into account by the underwriter for the policies and the underwriter sets their costs accordingly.
Insurers the set their rates in line with their own costs plus profit margin.

or something.


Allianz group also offers its own policies under the Allianz Insurance name - and these are, as you've mentioned, quite ludicrous.

My D1 is insured with Youi, and have listed all the accessories and modifications with them, with an agreed value for each.

I've always asked about where you are insured for, and with Youi was told specifically that it was anywhere inside the Australian shoreline. Presume that means that if I try and turn it into a boat and sail towards NZ I won't get paid out.......?