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insurance

Discussion in 'Australia' started by Elyas alsaraji, Apr 11, 2019.

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  1. Beetle

    Beetle Formula Junior

    Apr 10, 2013
    776
    I'm in country Victoria and got a quote from Famous yesterday. Nothing on Shannon's so that's where I'm staying.
     
    PAP 348 likes this.
  2. Its328

    Its328 F1 Rookie

    May 31, 2017
    3,055
    Brisbane
    Full Name:
    Kim
    Just a heads up to anyone with Shannons insurance. My Dad's Aston Martin was insured with them with an AGREED value policy. Over the last 2 years they have dropped the value by $13,000 dollars. I then checked my AGREED value cover on the 360 and they've dropped it $15,000 in 2 years. I assumed the agreed value meant just that!!!
    Shannons now won't cover my car for the value they did initially. It has 13,000km's and is a gold concourse winner. I'm a bit pissed.
     
    Hypek9 likes this.
  3. Aircon

    Aircon Ten Time F1 World Champ
    BANNED

    Jun 23, 2003
    100,524
    Melbourne, Australia
    Full Name:
    Peter
    Wow.... Pays to read the policy every year I suppose. I admit I never do, but will now!
     
  4. Its328

    Its328 F1 Rookie

    May 31, 2017
    3,055
    Brisbane
    Full Name:
    Kim
    Yeah, you just assume your covered for what you agreed on!!
    Their argument was that 360 values have dropped, I don’t even know that is the case but hardly seems relevant if you have an agreed value policy. Surely they would just up the premium??
     
  5. greg246

    greg246 Two Time F1 World Champ
    Owner Silver Subscribed

    Jun 2, 2004
    25,476
    Sydney,Australia
    Full Name:
    Greg
    Same premium for the lower value?
     
  6. Its328

    Its328 F1 Rookie

    May 31, 2017
    3,055
    Brisbane
    Full Name:
    Kim
    Yeah Greg, they’re a bunch of crooks mate.
    If it wasn’t for Dad’s misfortune I would never have checked !!
     
  7. Beetle

    Beetle Formula Junior

    Apr 10, 2013
    776
    Should they not have to inform you with a written letter?? Their changing an agreed policy. Then again it is an insurance company. I will certainly be looking at mine.
     
  8. Horse

    Horse Three Time F1 World Champ
    Owner Silver Subscribed

    Dec 1, 2005
    34,652
    Brisvegas
    Full Name:
    Jon
    So now a 360 is worth $35k?

    :D


    Sent from my iPhone using FerrariChat
     
  9. ihavearedferrari

    ihavearedferrari F1 Rookie

    Nov 23, 2007
    3,316
    Sydney
    Full Name:
    Adam
    I had the same issue with them trying to get the agreed value on my 360 to match the rest of the world market but it was like talking to a brick wall. So I switched.

    Their market value goes by all the imported F1 ****ters & queen street rebirthed 360s sitting on carsales in non-factory spec colours.
     
  10. simon klein

    simon klein Two Time F1 World Champ
    Owner Silver Subscribed

    Feb 25, 2009
    28,802
    North Qld
    Full Name:
    simon klein

    That much!!!! Sheesh who'd a thought it..
     
  11. IanB

    IanB F1 World Champ
    Owner

    Jun 15, 2006
    15,624
    Sydney
    Hang on, I thought imported cars were just as good? :confused:
     
    Gizzi likes this.
  12. greg246

    greg246 Two Time F1 World Champ
    Owner Silver Subscribed

    Jun 2, 2004
    25,476
    Sydney,Australia
    Full Name:
    Greg
    I just checked my policy, was renewed in Feb this year, no change in values.
     
  13. Its328

    Its328 F1 Rookie

    May 31, 2017
    3,055
    Brisbane
    Full Name:
    Kim
    Is that with Shannon’s Greg?
     
  14. greg246

    greg246 Two Time F1 World Champ
    Owner Silver Subscribed

    Jun 2, 2004
    25,476
    Sydney,Australia
    Full Name:
    Greg
    Yep
     
  15. Horse

    Horse Three Time F1 World Champ
    Owner Silver Subscribed

    Dec 1, 2005
    34,652
    Brisvegas
    Full Name:
    Jon
    When did you buy a 360?


    Sent from my iPhone using FerrariChat
     
  16. greg246

    greg246 Two Time F1 World Champ
    Owner Silver Subscribed

    Jun 2, 2004
    25,476
    Sydney,Australia
    Full Name:
    Greg
    Stop it
     
  17. moretti

    moretti Five Time F1 World Champ
    Lifetime Rossa Owner

    Nov 1, 2003
    58,226
    Australia
    Full Name:
    John
    He had a spare $30k burning a hole in his pocket
     
    greg246 likes this.
  18. AKA

    AKA F1 Rookie

    May 17, 2005
    2,937
    Melbourne, Australia
    Full Name:
    John McCabe
    What do you think the year policy statement is there for?
     
    pkl03 and Beetle like this.
  19. Maranello550

    Maranello550 F1 World Champ
    Owner Silver Subscribed

    Aug 25, 2011
    12,324
    HongKong
    Full Name:
    Gary
    I don't have that problem...My 360 is over Insured at 30 K......:)
     
    knocker likes this.
  20. Horse

    Horse Three Time F1 World Champ
    Owner Silver Subscribed

    Dec 1, 2005
    34,652
    Brisvegas
    Full Name:
    Jon
    Stop what?


    Sent from my iPhone using FerrariChat
     
  21. Funnel

    Funnel Rookie

    Nov 25, 2019
    2
    Full Name:
    Adam Lambert
    What about insurance in Singapore ?
     
  22. PAP 348

    PAP 348 Nine Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    99,174
    Mount Isa, Australia
    Full Name:
    Pap
    What about it? :D
     
    FazzerPorscheman likes this.
  23. Rhoads56

    Rhoads56 Karting
    Silver Subscribed

    Mar 19, 2015
    189
    Perth, Australia
    Full Name:
    Perry
    Geez.

    My 360 at $150k is $1170 through Shannon’s. Unlimited kms, no restrictions, free windscreen, choice of repairer.

    HK GTS Monaro is $440 for $80k (laid up cover, off premises).

    I got a quote for a 488 three months ago: $3800.

    Five cars on the policy, and my home (inc 2x $50k for music gear and tools).


    Sent from my iPhone using FerrariChat
     
  24. PAP 348

    PAP 348 Nine Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    99,174
    Mount Isa, Australia
    Full Name:
    Pap
    Music gear? Guitars by any chance? I like guitars. :D
     
  25. jmillard308

    jmillard308 F1 Veteran
    Owner Silver Subscribed

    May 29, 2003
    6,568
    Perth West Oz
    Full Name:
    John Millard

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