Insurance clause...

[KrazyGixxerBoy]

The red flag goes up when it's a sports 1000cc+ model. Is your garage fully secured / locked? Is it attached to another structure that isn't secured? It does seem odd this question is asked when it is fully locked. I know this question is asked when the bike is parked in a carport, near the street etc.. but not when a fully locked / secured garage

Fully locked and secured garage with internal access. Off street front down a long driveway flanked with houses...hardlyl a risk I would have thought.

[huff3r]

Go to Vero, best claims satisfaction in the industry and voted Best general insurer of the year for 2009!

And they charge for it too!! When my parents insured their car through vero, even with home and contents multi-policy discounts they wanted $2k a year! State did it without any discounts whatsoever for $200...

Kinda easy choice huh?

[Hiflyer]

It's cos Vero only wants what we call "Good risks" if it's not a good risk then the premiums go up (not saying your parents are a bad risk, coulda been the type of car, location etc). And also what most people dont know is the overlooked things like free glass cover, huge legal liability cover etc etc is already payed for in most Vero policies, or are much higher than what other insurance companies offer. You get what you pay for.

In regards to that car, what some insirance companies do is give a 60% no claims discount straight off the bat without asking, then ping you for non-disclosure at claim time. Vero may well have asked if they had a no claim discount, were told "no" then didn't load the discount. Dunno, just a theory,










But I'm biased

[rphenix]

I'm insured with state,and they never asked me if it was secured in any way,they where happy with the steering being locked.

Same here. Though I'm going to re-read the fine print now in case the shits put anything in there I didn't spot the first time.

[crazyhorse]

Mine came in at $249 p/a...despite some of the crazy shit in my (distant) past...granted it's an older bike than yours and your a female rider!

Well, that is very cheap considering you are insured by state(?)

ha ha ha - never come off a bike yet, and sure don't intend to either, so better watch your "female" comment some of us ride better than you blokes do

[Okey Dokey]

As Mr Merde said, this is common in the UK. Maybe NZ insurers are thinking of adopting that type of rule as well.

Is it possible that they make this rule for people in "high risk" areas- do they have suburbs/towns/areas designated for this clause?

I don't know, but maybe someone here can say.

[SMOKEU]

Are you on less than a full license?

NAC are great if you have a particularly sporty vehicle or less than full license. Outside of that they are pretty average.

Real value comes at claim time. I have never claimed with them but others tell me of lengthy proccessing times.

Oh and NAC quoted me for the same policy at $300 more.

I've got a 1F and 6R. NAC is also the cheapest place to insure my car that I have found.

[Hiflyer]

People in High Risk areas usually have a higher premium, not extra clauses as far as I am aware.

[huff3r]

It's cos Vero only wants what we call "Good risks" if it's not a good risk then the premiums go up (not saying your parents are a bad risk, coulda been the type of car, location etc). And also what most people dont know is the overlooked things like free glass cover, huge legal liability cover etc etc is already payed for in most Vero policies, or are much higher than what other insurance companies offer. You get what you pay for.

In regards to that car, what some insirance companies do is give a 60% no claims discount straight off the bat without asking, then ping you for non-disclosure at claim time. Vero may well have asked if they had a no claim discount, were told "no" then didn't load the discount. Dunno, just a theory,










But I'm biased

Forgot to mention. It's a corolla

Not high risk in the slightest, and always garaged. They just had an issue cos of the $13000 claim my sister had with them 2 years ago

But state didnt care, they were sweet with it

[Fatjim]

You're all missing the big point here.

You own a GSXR, it'll be wrapped around a tree somewhere before any dirty thief has a chance to get his hands on it. Any insurance company worth their salt will know this.

I'd like to modify Uncle B's "just add petrol" joke on how to crash a gixer to "just take the disk lock off"

[KrazyGixxerBoy]

Well, that is very cheap considering you are insured by state(?)

ha ha ha - never come off a bike yet, and sure don't intend to either, so better watch your "female" comment some of us ride better than you blokes do

Yeah, i thought it was cheap (but I wasn't about to argue!) LOL, you must've seen me ride!

[grusomhat]

Yeah, i thought it was cheap (but I wasn't about to argue!) LOL, you must've seen me ride!

Nah mate, you've just never seen her ride!

[vifferman]

Try reading about all the disc lock damage done to bikes on here - when dumbarses forget they have it on, and try to ride off.

There - I fixed it for you.

As for the bolting down thing, while my insurer (kiwibike) didn't specify this, there is a requirement for it to be in my gargre when it's at home, for me to qualify for the lower excess. The gargre is protected by alarm: reed switches on the doors, and a PIR on the wall so that was taken into account.

It's all about risk (or perceived risk): the insurers are in it to make a fat profit for their shareholders and can put what they like in their policies. You accept it, or go elsewhere.
After years with State, then a few with AMI, I'm much happier with Kiwibike.

[Oakie]

Hi all,

State told me that my bike had to be bolted to the floor in my locked garage when not in use!

Just wondering if anyone else has come across stupid clauses like this?

Yes, I've heard of it for exotic bikes.

[toycollector10]

I insured everything I owned with State for 40 years. Last year it took a total of 32 minutes of hanging on the phone waiting for a representative to pick up when I tried to contact them.

As an experiment I tried AMI and the call was answered in 23 seconds. End result, none of my business is with STATE any more.