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Market Value V Agreed Value

General Tech Talk

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Market Value V Agreed Value

Post by bogged »

With my insurance I have the option of

Allianz http://www.allianz.com.au/internet/alli ... prehensive
Market Value $27,751

or

Unique Car Insurance http://www.uniquecar.com.au/
Agreed Value $25,000 (They are backed by Lloyds of London.)


Which would you go for, the price difference is only about $60 allianz cheaper.


DGA, the Australian 4wd Insurance was $1300! more than double the other 2!
http://www.dgainsurance.com.au/4wd/frame.htm

FYI, according to TCIS, CGU will only do 1inch lifts now.
Last edited by bogged on Mon Dec 29, 2003 9:59 pm, edited 1 time in total.
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Post by Kev80 »

Edit as i thought the UCI was cheaper.
Last edited by Kev80 on Mon Dec 29, 2003 10:01 pm, edited 1 time in total.
GXL Turbo Diesel 80 series- 6" King springs + Rancho in-cab kit- 35" BFG Muds Twin ARB airlockers.
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Post by bogged »

Kev80 wrote:Go for UCI.

As long as you don't write your car off your laughing ! :P


bad experience?
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Post by Kev80 »

Edit - double post. :bad-words:
GXL Turbo Diesel 80 series- 6" King springs + Rancho in-cab kit- 35" BFG Muds Twin ARB airlockers.
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Post by bogged »

Kev80 wrote:Edit - double post. :bad-words:


LOL..
I actually dont mind paying a LITTLE more for insurance, I want it to be there when I NEED it.... but not double... Wanted to go with the Aust 4wd one, that is the ARB one.
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Post by landy_man »

TCIS also use a couple of other insurance companies that will insure more than 1" lift
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Post by bogged »

landy_man wrote:TCIS also use a couple of other insurance companies that will insure more than 1" lift


Yup, they are the ones Im using...
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V8Patrol
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Post by V8Patrol »

Time to read the "fine print", With my home and contents insurance I have taken pics of the "valuables" and had a "valuation" by an independant accessor, this was then given to the company and was listed as part of the policy.

My best advise is to get covered EXACTLY what you want covered, know its included in the policy, and get the whole thing in writing. This way if its writtenoff then you know you'll get a bullbar/drivinglights/swampers/highlift etc as they are stated in the policy. I've seen too many ppl get a payout and then realise that they still have to spend a couple of G's to bring the replacement up to the std of the original

Most companys have differant schedules as to rates of damage/written off. I'd be very suprised if both providers actually have the exact same coverage.

Again....... READ the "fine print" !! :D
[color=blue][size=150][b]And your cry-baby, whinyassed opinion would be.....? [/b][/size][/color]
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Post by murcod »

FYI, according to TCIS, CGU will only do 1inch lifts now.


DGA Insurance (Australian 4WD) are underwritten by CGU and will cover any mod that is legal in your state- so if 2" lifts are legal then CGU does cover them! ;)
David
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Post by bogged »

murcod wrote:DGA Insurance (Australian 4WD) are underwritten by CGU and will cover any mod that is legal in your state- so if 2" lifts are legal then CGU does cover them! ;)


Not according to TCIS, not anymore, they may do with current policys but wont renew... DGA = millionares insurance.


I just called CGU Direct. they wont do ANY lifts anymore at all.

If yoru currently with TCIS, they can continue your policy thru TCIS, but only up to 3inch. Confused? I am
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Re: Market Value V Agreed Value

Post by getdirty »

bogged wrote:Market Value $27,751


?!?!?!?!?!?!?!?!?!?!?!?!?!?!

No offence bruce but that is a huge figure for Market Value on a GQ!!!! What year is yours?

I can't get mine agreed value for much over 15......
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Re: Market Value V Agreed Value

Post by Shorty40 »

getdirty wrote:
bogged wrote:Market Value $27,751


?!?!?!?!?!?!?!?!?!?!?!?!?!?!

No offence bruce but that is a huge figure for Market Value on a GQ!!!! What year is yours?

I can't get mine agreed value for much over 15......


Same :? My ST/Ti :roll: I can only get 16,500 tops :cry:
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Post by getdirty »

As far as I thought Bruce had an Auto Diesel TI. According to redbook, they last existed in 91 and therefore should be valued at under 15k......

The most expensive Diesel Auto appears to be a 96 ST but thats still somewhere between 15 and 20......
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Post by Shorty40 »

Box of matches anyone ............................... :roll:
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Re: Market Value V Agreed Value

Post by bogged »

getdirty wrote:
bogged wrote:Market Value $27,751


?!?!?!?!?!?!?!?!?!?!?!?!?!?!

No offence bruce but that is a huge figure for Market Value on a GQ!!!! What year is yours?

I can't get mine agreed value for much over 15......


Thats with $15,000 accessories, and all :D Im not complaining :lol: :cool: :lol: Sit fdown and work out retail prices on your accessories, what it would cost to replace them... Fridges, storage, radios, bars, winch, spotties, seats, suspension bits, etc etc, soon hits $10k, without trying.

1991 Ti Diesel Auto TD42 GQ Patrol 2 tone black. With electric goodies..
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Re: Market Value V Agreed Value

Post by getdirty »

bogged wrote:Thats with $15,000 accessories, and all :D Im not complaining :lol: :cool: :lol: Sit fdown and work out retail prices on your accessories, what it would cost to replace them... Fridges, storage, radios, bars, winch, spotties, seats, suspension bits, etc etc, soon hits $10k, without trying.

1991 Ti Diesel Auto TD42 GQ Patrol 2 tone black. With electric goodies..


Interesting how quoting reveals the full message......... anyway......

It appears that modification aren't included, just bolt on accessories. So pretty much all I had was winch and barwork........

Both mine and Alison's shorty were insured at the same time with the same place (we both turned 25!!!!). With all stuff listed hers was just under 15k mine just over. Thats agreed value.
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Re: Market Value V Agreed Value

Post by bogged »

getdirty wrote: Interesting how quoting reveals the full message......... anyway......

huh?

It appears that modification aren't included, just bolt on accessories. So pretty much all I had was winch and barwork........

Yup, cant insure my lift, etc. But you can do panhards seperate... They are considered consumables (shocks and springs)
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Post by murcod »

I just called CGU Direct. they wont do ANY lifts anymore at all.


If you go directly through CGU they won't even cover you off road!!! (unless they've changed their policy in the last year).

DGA = millionares insurance.


I've found DGA's price to be about the cheapest for my Feroza- go figure... [/quote]
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Post by bogged »

murcod wrote:I've found DGA's price to be about the cheapest for my Feroza- go figure...


Im going to try them again..

Elders ended up cheap, but only Market Value, thats the lastest scam... :bad-words: :bad-words:
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Post by stumped »

may have missed the point cos of not reading carefully, but if ya haven't got ur insurance sorted out DEFINATELY go agreed value. problem with market value is that they may be able to 'reevaluate' market value at the time of an accident or whatever. i was told the market value of my rocky was $12K and was paying a premium for that... rolled it and they reevaluated to around $8.5 and wrote it of. after NRMA took their cut i only got around $7.5 :cry: i got screwed bigtime
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