Third Party Property Insurance

[B.S.F.]

I received my renewal notice for my Series 1 58 Lwb L/R yesterday.When I noticed that the year of manufacture was listed as 72 I rang the insurer straight away. After I was put on hold for a few minutes I was told that my car was not in the system. When the person came back after consulting the supervisor I was told because my car is older than 30 years it I can no longer insure it with them. I asked the person what would have happened if I'd just paid without noticing the "mistake". "You wouldn't have been insured "was the reply.
It seems to me rather than informing me of their changes in policy they change the particulars and hope I wouldn't notice, after all I had paid for the last 13 years.
I noticed that Keith ( 123rover50 of Tickford and Royal fame) had a similar experience with the same company.#1 (permalink) The only difference is that I dealt with a more "honest/blunt "operater.

Does anybody know of a company that still does Third Party Property only? What makes it even harder is that the car doesn't look atractive and is in daily use. If I have to take out Comprehensive insuance, how do I put a value on the car ? It's just an old bomb that's taken me to the Gulf ,down the Strzelecki track, up the Birdswille track, 3 times accross the Snowy mountains, 3 times to Boulia and just about everywhere in between? Thank you.W.

[incisor]

not attractive... sorry i beg to differ

talk to shannons...

i would put the value @ $10k+

[B.S.F.]

not attractive... sorry i beg to differ

talk to shannons...

i would put the value @ $10k+

I try to look at it through the eyes of an insurer not a L/R fan.
I had a look on Shannons web site and they don't insure cars that are in daily use. .W.

[101RRS]

I had a look on Shannons web site and they don't insure cars that are in daily use. .W.

Hmm yes they do - they will insure any car old or new but their competitive advantage is in older cars.

They would insure my RRS but were not competitive and when my 101 was on the road it was covered with them with no real restrictions but I did tell them I would not cover more than about 5000km a year.

Garry

[JDNSW]

May not apply to you, but NRMA has just given me comprehensive insurance on my 2a under Vintage, Veteran Classic, even though it is on normal rego. The requirements are private use, over thirty years old, less than 7,000km/yr, and you need to own another vehicle. It was previously third party property with them with no queries on renewing that - just that the VVC comprehensive was about 30% cheaper.

So try NRMA - assuming they are in Qld, which I am not sure about.

John

[Tank]

I received my renewal notice for my Series 1 58 Lwb L/R yesterday.When I noticed that the year of manufacture was listed as 72 I rang the insurer straight away. After I was put on hold for a few minutes I was told that my car was not in the system. When the person came back after consulting the supervisor I was told because my car is older than 30 years it I can no longer insure it with them. I asked the person what would have happened if I'd just paid without noticing the "mistake". "You wouldn't have been insured "was the reply.
It seems to me rather than informing me of their changes in policy they change the particulars and hope I wouldn't notice, after all I had paid for the last 13 years.
I noticed that Keith ( 123rover50 of Tickford and Royal fame) had a similar experience with the same company.#1 (permalink) The only difference is that I dealt with a more "honest/blunt "operater.

Does anybody know of a company that still does Third Party Property only? What makes it even harder is that the car doesn't look atractive and is in daily use. If I have to take out Comprehensive insuance, how do I put a value on the car ? It's just an old bomb that's taken me to the Gulf ,down the Strzelecki track, up the Birdswille track, 3 times accross the Snowy mountains, 3 times to Boulia and just about everywhere in between? Thank you.W.

I would make some enquiries through the Insurance Ombudsman, assuming that you did nothing wrong, you should be reimbursed for the premiums you paid for NOT insuring your car, they were accepting your premiums under false pretences, Regards Frank.

[B.S.F.]

May not apply to you, but NRMA has just given me comprehensive insurance on my 2a under Vintage, Veteran Classic, even though it is on normal rego. The requirements are private use, over thirty years old, less than 7,000km/yr, and you need to own another vehicle. It was previously third party property with them with no queries on renewing that - just that the VVC comprehensive was about 30% cheaper.

So try NRMA - assuming they are in Qld, which I am not sure about.

John

Unfortunately we do more than 7000 km a year. This year we did just under 8000 in two trips. .W.

[B.S.F.]

I would make some enquiries through the Insurance Ombudsman, assuming that you did nothing wrong, you should be reimbursed for the premiums you paid for NOT insuring your car, they were accepting your premiums under false pretences, Regards Frank.

We've also have got House and Contents plus another car insured with the same company. If I find a company that's prepared to insure my L/R for TPP only I shall transfer those policies to them. .W.

[DoubleChevron]

Don't worry about milage. The only thing they are really interested in is it's not used for the daily grind of commuting in traffic (where the majority of the costs likely are).

They insurance companies never ask for speedo readings .... So telling them "about 5000kms a year" probably isn't far from reality.

I have 5cars through Shannons, I was going to move my wifes modern poogoe through someone else ......... 'cos they aren't competitive on modern cars ....... 30minutes on the phone to the first insurance company resulted in a 30minute wait in a phone queue ... at which point I thought "**** this" ... If I can't contact the pack of mongrels for a simple quote... Imagine if I had a bloody claim

So I rang Shannons to see if they could do any better "No" was the answer... but get this, the phone was answered right away with no waiting .......... and an Aussie answered ... ie: the phonecall wasn't sent straight to an indian call center where they don't know there arse from the elbow, let alone old classic cars.

So the poogoe is probably costing us about $200 a year more than it should, and it's about the only money I'm not overly concerned about. 'Cos if I ring them ... I get through ... and don't end up speaking to someoen that struggle with english, it's really that simple.

seeya,
Shane L.

[JDNSW]

....Imagine if I had a bloody claim

I don't have to imagine - I am in the process of dealing with one; and it is not even my insurance, but the other bloke's. Every time I call it is 10-30 minutes on hold, they promise to call back, and don't. I send emails to avoid the wait, they promise to reply, and then only reply when I phone them. At least everyone I have talked to so far speaks English.

John