It's soooooo unfair (sniffle)

[GrayWolf]

I can't imagine why anyone would want compulsory third party insurance.

(1) If you have 3rd party insurance in NZ, it includes first party cover.
If compulsory insurance comes in we will lose this neat system. And the number of people with insurance in NZs voluntary system is as high as in countries with compulsory cover.

(2) If you have 3rd party insurance in NZ, it includes first party cover.
So why worry about the other guys insurance ? If you have cover you are insured even if he is not.

(3) If you think the other chaps third party insurance will help you, you are likely to be mistaken. If he is drunk, outside the terms of his learner licence, curfew or carrying passengers, his insurance will not pay out.

(4) To get the same cover as you get now, you will have to buy comprehensive insurance, as we will lose the first party cover included in our current third party cover.

(5) You will NEVER get paid out without a court case. Litigatious specialist third party only insureres will arrive to turn the crap in cream by the simple method of disputing everything and find that even thought THEIR client ran a red light, YOU failed to stop in half the distance of clear road, and therefore were also partially liable.

(6) You had better hope your insurerer doesnt go broke from an earthquake when you still have 40 years of care to be paid for after falling off and breaking your back hitting a wire rope barrrier, put their by the NZTA, who by law cannot be held liable.

Ok lets clarify something here, we are talking MOTOR insurance not bloody personal injury/accident insurance, so please dont confuse the 2 of them.

3rd Party insurance? Covers the 'other party' or the damage you may do if you are at fault. 3rd party will NOT fix your bike if you are at fault. SO if you have to claim recompense? Yes it's a civil court case, wheras with 'fully comprehensive' I can leave it to my own insurance company to negotiate with the other parties. Or and this is WHY I want compulsory insurance. In the event of the turd having no insurance, and of course will have to 'pay it off'; the thousands of dollars of repairs to my bike will be done. I may well lose my own 'no claims bonus' which is really pissy, but at least my bike will be fixed or replaced. There is NO scheme in NZ at this time that gives both 1st and 3rd party cover for free to motor vehicle damage.
Why should I pay my rego/Wof/insurance only to get screwed over by some numbnuts who is 'making a stand'? Or, similarly cannot afford to maintain /rego/insure their vehicle? No WOF or REGO also can invalidate insurance cover, so does drunk driving etc.... but at least with 'cover' I have the way of getting recompense for the damage, and believe me if you are uninsured? They (companies) love civil court cases to reclaim their losses.
it is ludicrous to have a system where someone can use a powered vehicle, that could even through no bad driving ( tyre blow out for example) can cause damage to property, or injure people to have no form of insurance.

[davereid]

You are incorrect.

Third party motorvehicle insurance usually has first party cover where you can identify the at fault party.

(And if you cant identify him, his cover is unlikely to be of value to you.)

AMI and AA give you $4000 cover.
http://www.aainsurance.co.nz/car-ins...FSlLpgodb2NZ-A

My insurance gives me market value.

So I have all the cover that a compulsory third party scheme would offer, except by world standards a low level of litigation, and very low costs.

[GrayWolf]

You are incorrect.

Third party motorvehicle insurance usually has first party cover where you can identify the at fault party.

(And if you cant identify him, his cover is unlikely to be of value to you.)

AMI and AA give you $4000 cover.
http://www.aainsurance.co.nz/car-ins...FSlLpgodb2NZ-A

My insurance gives me market value.

So I have all the cover that a compulsory third party scheme would offer, except by world standards a low level of litigation, and very low costs.

QUOTE: Third Party insurance is not about protecting your car. It's about protecting yourself in case you accidentally damage someone else's car or property.
Even if you drive a car that you could afford to replace yourself, you could still face a bill for thousands of dollars if you rear-end the car in front or crash into someone's fence.



What you are citing is a company addition or a 'as well as'. It isnt the legal requirement or definition, of 3rd party insurance.

quote: Uninsured driver protection

If there's an accident and you weren't at fault but you can identify who was and they're uninsured, we'll pay up to $4,000 to repair your car.
That ia exactly what I was saying previously.... insurance companies LOVE civil suites to reclaim their losses, and the AA insurance would 'as sure as' go for the at fault driver.

[Kickaha]

(1) If you have 3rd party insurance in NZ, it includes first party cover.

Third party motorvehicle insurance usually has first party cover where you can identify the at fault party..

Those are two quite different statements

I don't want compulsory third party as I think it would see us get shafted on the price of the cover

[MSTRS:Me]

(1) If you have 3rd party insurance in NZ, it includes first party cover.

Not normally. Some companies MAY offer that in a policy to some people. Some also offer Fire and Theft cover too.
But again, not normally.
Usually 3rd party ONLY COVERS the damage you do to someone else's property, be that vehicle or other...

[davereid]

What you are citing is a company addition or a 'as well as'. It isnt the legal requirement or definition, of 3rd party insurance.

So what.

I pay third party premium, get first party cover.
I dont have to litigate its all done for me.
I have as many vehicles on the road with cover as they do in countries where its compulsory.

My premuims $60 a year for all this cover.

Whats compulsory third party cost for a 1200 cc motorcycle in the UK ? bet its more than $60.

All compulsory insurance will do is make insurance expensive.

[davereid]

Not normally. Some companies MAY offer that in a policy to some people. Some also offer Fire and Theft cover too.

Most NZ companies offer this cover as a part of standard third party. Im not actually aware of any that DONT offer it.
So I think its fair to say that third party insurance includes first party cover.

And if they dont why would you shop there ? Cross the road to an insurer that includes it.

The key is, with our current system,

If YOU buy third party cover, at our very cheap rates, YOU don't need to worry if the other chap buys it or not. Its his problem.

Why bring in compulsory insurance, to gain no higher levels of cover, much higher premuims and US style battles for everything ?

[GrayWolf]

So what.

I pay third party premium, get first party cover.
I dont have to litigate its all done for me.
I have as many vehicles on the road with cover as they do in countries where its compulsory.

My premuims $60 a year for all this cover.

Whats compulsory third party cost for a 1200 cc motorcycle in the UK ? bet its more than $60.

All compulsory insurance will do is make insurance expensive.

sometimes a pictures says it all.......

[MSTRS:Me]

Well, Dave, we'd all sure like to know which company offers all that cover under 3rd Party and all for $60pa.
I have full cover @ $300ish pa and best I can find for 3rd Party is about half that, and it MIGHT include fire/theft.

[Scuba_Steve]

how is full cover cheaper? even if there was a mandatory TP insurance, how the F**K do you work out it will be more expensive than a fully comprehensive cover?

if mandatory third party insurance came in You, yes thats right YOU would be subsidizing the dropkicks that otherwise could not get insurance.
Currently you have the option of going full cover & protecting yourself from these dropkicks for a somewhat reasonable fee, but if insurance companies are going to be forced to insure dropkicks that otherwise wouldn't have insurance & maintain profit increases, someones gotta pay & the dropkicks can't afford their cost on their own, so the insurance company is just going to pass those costs onto you whether you like it or not because its mandatory

So just be thankful you have a cheaper system than mandatory, stop complaining you want to increase the cost of insurance at no benefit & if your really worried about the dropkicks just make sure you have full

Study showed around 93% of NZ drivers had some sort of insurance & of those whom had none 89% were uninsurable

[Gremlin]

An ANPR camera will just see a fully licensed TGB Moped, and wave me on.

Great idea I reckon.

There was a ANPR van on the Southern Motorway, positioned at the end of the Hobson St onramp heading south on Saturday. One slight hitch, one camera was pointing backwards, up the ramp, the other pointed forward on the motorway lanes getting everyone from behind... so my bike was never checked on the on ramp

Still... all t's crossed and i's dotted. 15,000km a year around the city, I'd be a moron not to.

[davereid]

Well, Dave, we'd all sure like to know which company offers all that cover under 3rd Party and all for $60pa.
I have full cover @ $300ish pa and best I can find for 3rd Party is about half that, and it MIGHT include fire/theft.

Actually I was a bit misleading, I pay $60 for the moped and $120 for the BMW from my brokers, and I do not have fire or theft. Or windscreen.

[davereid]

sometimes a pictures says it all.......

I think that picture said you are just trying to hide from the facts... didn't see any sensible (or even typical) response from you.

[GrayWolf]

Study showed around 93% of NZ drivers had some sort of insurance & of those whom had none 89% were uninsurable

which means that with a compulsory and lets add the UK, legal requirement.. those 'dropkicks' are going to be found eventualy and 'removed'...
You are ALREADY subsidising those 'dropkicks' with your ACC levies......

[Scuba_Steve]

which means that with a compulsory and lets add the UK, legal requirement.. those 'dropkicks' are going to be found eventualy and 'removed'...
You are ALREADY subsidising those 'dropkicks' with your ACC levies......

I'm sorry, I think you'll find these dropkicks still on the road in the UK, compulsory insurance does nothing except raise prices.
As for ACC, separate issue & I'm quite happy to subsidize everyone under the original workings. I'm not happy with the privatization scheme its currently working under