Motorcycle Insurance (Part One)

[Oscar]

so does vero AA and AMP are brands of vero. SIS is a brand of AA. they still have diff policy wordings and underwriting guidlines.

I'll give you "E" for effort - you said State was an "indepentant business".
They are not - they share a HO with NZI.

[NSR-Dan]

there registrered as an indepentant business under the IAG group.

[Oscar]

they can decline the claim if it said in the policy that the bike must be road worthy and registered. if it wasnt at the time of the claim then your friend was breaching the contract and they can decline cover altogether.

most companys have an exclusion that no cover offered if the vehicle insured is not road worthy (no WOF) or not registered. regardless if it was a contributing factor to the claim or not.

Shit you don't give up, do you.
The fact that a vehicle is registered or not is irrelevant.
If your policy says this, it is unenforceable.
NZ has laws to protect consumers from companies like yours.

[Oscar]

there registrered as an indepentant business under the IAG group.

So what?
Is there a point to this?

[Mr. Peanut]

[Grahameeboy]

there registrered as an indepentant business under the IAG group.

Yep to get around the Monopoly issue they had probs with a few years ago but the same Head Office deals with issues be it State or NZI

NZI and State are brand names only.

[Oscar]

Great thought.
A handle of Waikato, thanks.
Ahhhhh....

[NSR-Dan]

Shit you don't give up, do you.
The fact that a vehicle is registered or not is irrelevant.
If your policy says this, it is unenforceable.
NZ has laws to protect consumers from companies like yours.

AMI, STATE, TOWER, and AA all have that written into there policy's

[Grahameeboy]

AMI, STATE, TOWER, and AA all have that written into there policy's

Insurance Law Reform Act would eat them for breakfast, brunch.........

[Oscar]

AMI, STATE, TOWER, and AA all have that written into there policy's

I'll leave this to Ixion:

Originally Posted by Ixion
No. Not ciorrect. Read the law Mr Oscar has quoted.



Anyone (including insurance companies) can write clauses and provisions into contracts until their eyes bulge. But NONE OF THAT CAN OVERRIDE THE LAW OF THE LAND.

It's just like the Consumer Guarantees Act. You can put a clause in your sale contracts in print a foot high and written in blood saying the CGA does not apply, and that clause will be completely meaningless and irrelevant. because the LAW has said that any such clause is void.

As, in this case, the statute quoted by Mr Oscar says that any such clause in your policy is void, except insofar as it can be shown that the exclusion was relevant to the claim