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The Pub For General Automotive Related Talk |
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10-06-2007, 07:32 PM | #1 | ||
FF.Com.Au Hardcore
Join Date: Mar 2006
Posts: 3,910
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Hi All,
I'm accumulating a bit of a collection and whilst its no gold mine the cars and parts on them are worth a bit too much to be left uninsured. I just need fire and theft insurance so spoke to my current insurer and they weren't interested in insuring unregistered cars. I'll call Shannons on Tuesday as they have something called "Laid up cover". Does anyone here have this type of cover? The shannons web site mentions laid up cover is for cars that are under restoration, I would assume this would cover unregistered cars under restoration. Can anyone confirm that for me. Thanks, Mike. |
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10-06-2007, 07:36 PM | #2 | ||
FF.Com.Au Hardcore
Join Date: Mar 2006
Posts: 3,910
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I'll add a bit more to that. Does anyone know of a company or if Shannons insure race cars? Obviously I'm not talking about if I crash and burn at the track. I'm talking about if my workshop burns down or gets broken into.
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10-06-2007, 07:45 PM | #3 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Location: Melbourne, Australia
Posts: 2,602
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Does home/contents insurance cover that? It might mean a higher premium, but as they are stored at home and staying put, they might come under that.
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10-06-2007, 07:48 PM | #4 | ||
FF.Com.Au Hardcore
Join Date: Mar 2006
Posts: 3,910
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Last time I spoke to my insurer they said no. I would want a policy that would cover the cars in transit to and from events etc aswell.
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10-06-2007, 07:48 PM | #5 | ||
Banned
Join Date: May 2007
Posts: 389
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As far as im aware is doesn't cover it i had my mag wheels inside my house and they got stolen and the company pretty much said **** you there a separate item you have to claim indepenantly. Even tho they were in my house it wasn't covered go figuer.
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10-06-2007, 08:14 PM | #6 | ||
Join Date: Dec 2004
Location: Sidonee
Posts: 1,062
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Speak to a specialist insurance broker as you do not want to be apying a fortune for insurance when the risk is low.
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Fordless..... |
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10-06-2007, 08:23 PM | #7 | ||
Donating Member
Join Date: Dec 2004
Location: QLD
Posts: 11,839
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I've had good experience with Shannons.. A friend had that restoration type cover you mention and the car wasn't registered,just notifed when it was and all completed.
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10-06-2007, 08:47 PM | #8 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Location: NSW
Posts: 1,802
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Fourbarrel
My RS2000 club car is insured through Shannon's a laid up policy,so its covered at home and even if its trailered anywhere if I remember correctly,no events but there is an option for that too.the guys at Shannon's are very good to deal with and I haven't spoken to anyone from there that doesn't show an interest in your cars ,I couldn't be happier with there service you'll be surprised how cheap laid up insurance is too,very well worth it for piece of mind.
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T2 TE50 no:154 Narooma blue AU2 XR8 ute XR4 fiesta |
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10-06-2007, 09:09 PM | #9 | ||
Moderator
Join Date: Jun 2006
Location: Foothills of the Macedon Ranges
Posts: 18,598
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I agree with vctxr6ute.
I can recommend Shannons, I've been with them for quite a number of years now, and you get a discount for more than one car (I've got 3 on my policy). There's also Vigil and Torque that you can try. Might help to itemise the cars/parts/condition/value before you ring them, if you have a number of items. |
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10-06-2007, 09:15 PM | #10 | ||
FF.Com.Au Hardcore
Join Date: Mar 2006
Posts: 3,910
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Thanks vctxr6ute and silver ghia. That's exactly what I wanted to hear. I've got three maybe four cars I need covered. I'll give them a buzz first thing Tuesday.
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10-06-2007, 09:17 PM | #11 | |||
Regular Member
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Location: In a house
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10-06-2007, 09:40 PM | #12 | |||
Former BTIKD
Join Date: Mar 2005
Location: Sunny Downtown Wagga Wagga. NSW.
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10-06-2007, 10:11 PM | #13 | |||
Ford Fanatic
Join Date: Feb 2005
Location: Brisbane
Posts: 1,480
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You will find most (general insurers and I say most) will limit the amount you can claim on tools of trade, and most also have a statement about vehicle parts and spares. Each policy does have its limits, just because it's on a police report really means very little if your policy has defined restrictions as most do.
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Everyone is entitled to my Opinion 2007 Territory TX SY RWD Ego |
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10-06-2007, 10:13 PM | #14 | ||
Banned
Join Date: May 2007
Posts: 195
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Everyone seems to recommend Shannons for what they will cover but has anybody actually had a CLAIM with them, how did they go?
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10-06-2007, 10:27 PM | #15 | |||
FF.Com.Au Hardcore
Join Date: Mar 2006
Posts: 3,910
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10-06-2007, 10:32 PM | #16 | |||
Ford Fanatic
Join Date: Feb 2005
Location: Brisbane
Posts: 1,480
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It is unlikley that an insurance company can recover from this type of thing. Its a term called subrigation. You see in order to recover a loss you need a third party to recover from. This is why most car policies have a statement similar to this one: We do not pay for loss or damage to property owned by you or any person ordinarily living with you. The reason for this is that once you make a claim you are subrigating your responsibilty to the insurer, in other words the insurance company acts on your behalf. So if for instance your foot slipped on the brake as you drove into your garage and you ran into your washing machine and dryer, your car insurance would only cover the damage to the car itself as the third party that owns the washing machine and dryer is yourself. In a court of law if the insurance company tried to recover the costs effectivly they would have to recover from the party at fault, that being yourself. So this is why they will not pay for damage done to your own property and why he had to claim on his home insurance. Now if the home insurer wants to recover, they once again have to go after the third party at fault which of course again is himself, so the home insurer cannot recover unless they intend to sue thier own client that made the claim. See how the situation just goes around in a circle, that is why this happens.
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Everyone is entitled to my Opinion 2007 Territory TX SY RWD Ego |
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10-06-2007, 10:32 PM | #17 | ||
not here much anymore
Join Date: Dec 2004
Location: Sthn NSW
Posts: 22,918
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Shannons are great and from memory they do have a few types of cover that include things like parts that you've collected to do resto's etc, as well as currently unregistered/undrivable cars awaiting restoration. So I dare say you should be able to come up with something with them.
If you're in Canberra, talk to Rob in their ACT office, absolutely brilliant bloke and very, very easy to deal with.
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11-06-2007, 12:29 AM | #18 | |||
FF.Com.Au Hardcore
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Quote:
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11-06-2007, 08:42 AM | #19 | ||
FF.Com.Au Hardcore
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Location: NSW
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opps sorry double post
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T2 TE50 no:154 Narooma blue AU2 XR8 ute XR4 fiesta Last edited by V8falcons; 11-06-2007 at 08:47 AM. Reason: double posts |
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11-06-2007, 08:46 AM | #20 | |||
FF.Com.Au Hardcore
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Quote:
http://www.fordforums.com.au/showthread.php?t=103749
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T2 TE50 no:154 Narooma blue AU2 XR8 ute XR4 fiesta |
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11-06-2007, 11:15 AM | #21 | ||
OzEcruisers PRESIDENT
Join Date: Mar 2005
Location: Melbz
Posts: 15,761
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OH MY GOD, Guess my Home and Contents Insurance should cover my boat thats in the garage, GET REAL !! lol
It is amazing what people think should be covered under Home and Contents insurance, they go for the cheapest possible cover without reading the Product Disclosure Statement, YOU P AY FOR WHAT YOU GET! BACK TO THE TOPIC I have some cars insured with SHANNONS on the laid up cover, basically it insures your car for Comprehensive cover as long as it is not driven by its own power. Funny thing is they include windscreen protection lol This also includes being loaded/unloaded for transport Being transported on my trailer to a Motor Enthusiast Club event
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1994 Ford Fairmont EF NA 6cyl Man 3.9 diff Sedan PROEF 13.46 @ 105.78mph Tuned by DYNOMOTIVE 200BUX - AFF Drag Nats 2019 EF Wagon
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11-06-2007, 02:26 PM | #22 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Location: Melbourne, Australia
Posts: 2,602
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The thing about why I brought up the possibility of contents insurance covering it - is provided it is included/declared in the sum insured, it could be covered under that policy. Car insurance takes into account the risks of theft and accident damage away from the owners property - which don't apply when the car is laid up. Perhaps a specific policy that takes this into account is the only way to go.
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11-06-2007, 03:28 PM | #23 | ||
FF.Com.Au Hardcore
Join Date: Dec 2006
Location: Melbourne
Posts: 4,523
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[HTML]Everyone seems to recommend Shannons for what they will cover but has anybody actually had a CLAIM with them, how did they go?[/HTML]
I use shannons for my cars and even get a small discoount for low use as 2 of them are garage queens. I can't drive 3 at once. I had a claim on my ute in the early days and it was done no hassle as advertised. I even had a highly modified F100 covered and all they asked was that I took it past them to see what they were insuring ($30K for an old pickup?) once sighted they agreed on $27 I think but all done with no hassle. I think I like their common sense approach. I dont think that they are that much cheaper but definately easier.
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Oooh baby living in Miami....
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11-06-2007, 03:49 PM | #24 | |||
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Quote:
Rang them up, gave all details over the phone, only a ten minute call, no paperwork at all. The assessor himself contacted me later on that day. A guy who you could actually talk to and discuss things, not tell me how it should be done. After obtaining a quote (only one required) and arranging to leave the car at my repairer, the assessor agreed with the quote with all new parts, and the repairer went straight to work on it. Might sound complicated, but I had control over the whole situation, not the insurer nor repairer, had my choice of repairer, and no fuss at all. Also nothing to sign or pay when the car was finished. I would think the same hassle free approach would apply for Laid Up cover claims. |
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11-06-2007, 06:04 PM | #25 | ||
Regular Member
Join Date: Jan 2007
Posts: 134
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i have had both car and home contents claims with shannons, only problem we had was the amount of time it took the contractor to rebuild our car port. this wasn't shannons fault or problem and everytime i rang them they chased up the problems. i have contents insurance to cover everything in my garage, incl tools and cars/parts. hope to never have to make a claim,but never had a problem with shannons.
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11-06-2007, 06:15 PM | #26 | ||
FF.Com.Au Hardcore
Join Date: Mar 2006
Posts: 3,910
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I didn't realise Shannons done home insurance. I might have to see about that too.
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11-06-2007, 09:18 PM | #27 | ||
OzEcruisers PRESIDENT
Join Date: Mar 2005
Location: Melbz
Posts: 15,761
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Silver Ghia - Added advantage wth a Shannons policy is CHOICE OF REPAIRER, thats the best option you can have on a Car Insurance Policy
Who doesn't have "Choice of Repairer" ummm, lets see, RACV, GIO, AAMI........... eg pay for what you get meg That is usually what happens, the contracter or repairer takes their sweet time to repair or fix the damage but customers usually blame the insurance company when actually the time that it takes to repair or fix the damage is out of the insurance company's hand.
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1994 Ford Fairmont EF NA 6cyl Man 3.9 diff Sedan PROEF 13.46 @ 105.78mph Tuned by DYNOMOTIVE 200BUX - AFF Drag Nats 2019 EF Wagon
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