Insurance

[Wayne Sinclair]

My daughter wrote her car off and I was discussed at the value the insurance
put on it, so they said get two valuations and they would consider the payout.
They paid out $1500 more than they were going to. (original payout was going
to be $3500). Get at least two valuations from a registered car dealer
(remember that they will charge you $25 to $30 though). The amount that you
are paying premiums for may be negotiable with them - they may ask you to pay
a premium adjustment for the last 12 months on the difference between the
amount of cover and the amount of payout. eg car insured for $8000, their list
value, pre accident value, as per the valuations $9000 they may ask for a 12
month premium on the $1000. (Of course you will have to prove that the
companies listing is not a fair value for age, type, style etc of your car)
But they also may say hey you should have had a valuation and insured it for
the $9000. I know of a guy that got several thousands more because of the
insurance company listing was not a fair and reasonable list value. Good
luck

Wayne Sinclair
Invercargill
0274 318171

[peter]

Why don't we all chip in and buy an MX5 for an insurance broker, with free club membership...
In gratitude he could give us massive discounts on premiums for our incredibly expensive vehicles... we could then buy another car for an auto electrician, etc...

Peter

DRGN1!