Insurance payouts?

[Tazz]

Since we are talking about insurance. -snip- (

What company? It can be all about how you approach it, and if you let them away with shafting you, you will be shafted.

Without causing a stink I had my entire laptop replaced when I cracked the screen with a laptop that was 2 models up from the one I had (because my model was no longer available). I was pretty stoked.

Laptop was $2100 new and about 2 years old.

Excess was $250.

Company was State.

[5150]

What company? It can be all about how you approach it, and if you let them away with shafting you, you will be shafted.

Without causing a stink I had my entire laptop replaced when I cracked the screen with a laptop that was 2 models up from the one I had (because my model was no longer available). I was pretty stoked.

Laptop was $2100 new and about 2 years old.

Excess was $250.

Company was State.

Company is State, and I declined the payment offer, but instead asked for a replacement helmet to similar quality as my old Arai. I have also reminded them of my renewal date which is comming up at the end of this month and suggested that I will get different quotes from different companies. (Been with State for last 20 years and have all my vehicles, house and contents with them). They told me that there was not doable, but in the end agreed to a helmet at 50% of the value of my old one. So At least I get a $800 helmet out of it.

[Tazz]

Sweet! That is better than nothing. Check the wording in your policy though just in case there is some wording in there like 'replacement of the same item or a similar item of the same value' and all that jazz. I don't think it is as common now, usually a percentage or something, but it's been a while since I've had a good read through mine (although I'm due for some reading as I discovered my vehicle value dropped from and agreed value of 9k to a 'market value' of 3.2k in two years last week which I'm pretty pissed I let happen/they slipped in).

[5150]

Sweet! That is better than nothing. Check the wording in your policy though just in case there is some wording in there like 'replacement of the same item or a similar item of the same value' and all that jazz. I don't think it is as common now, usually a percentage or something, but it's been a while since I've had a good read through mine (although I'm due for some reading as I discovered my vehicle value dropped from and agreed value of 9k to a 'market value' of 3.2k in two years last week which I'm pretty pissed I let happen/they slipped in).

Was told by them and the shop that helmets life expectancy is 5 years and they use 20% per year as depreciation formula. So my helmet has depreciated 80% of its toital purchase value. But because I told them that the helmet was only used handfull of times (had photos) they agreed to 50% value replacement

[imdying]

But from what people here have said sometimes the rulings can go against you if they don't like your shirt, in which case it may be a trivial case but I'll still try to appeal.

You will be pleased to know that that is complete and utter rubbish.

[nzspokes]

You will be pleased to know that that is complete and utter rubbish.

Agreed. One I went to was very fair in what you can say and prove. I would happily use the process again.

[LaggyGN]

Here's hoping. It turns out he's launched a claim at the tribunal too. I have no idea what evidence he's got aside from being able to take a photo of his car. But now I've got a thousand 'if..'s on my mind. I keep saying with 3 witnesses and all the circumstantial evidence I should have enough. I just hope the tribunal is decisive, and doesn't say 'meh, they both lodged claims.. 50/50 liability' or something. Or he somehow convinces them to swing to his side. This is all a lot more stress than $1500 is worth..

[imdying]

All they do is deal with this sort of thing all day every day, they can spot a liar and/or a retard pretty easily, if you're straight up you'll be fine.

[Mike.Gayner]

You'll find the adjudicator is quite pragmatic. I've been through the process in the past with a car. The accident was 100% the other driver's fault, but anyone is able to file a dispute, so off to the tribunal we went. The adjudicator will listen carefully to each side, and apply the law correctly based on the most probable story.

The adjudicator doesn't care that he changed his mind on whether he's liable, they don't care about the fact you both filed a claim, they don't care about any of that nonsense. They're smart, level-headed and deal with these disputes quickly and without fuss. Decisions are full and final.

Obviously in my case the other driver was found liable and I was covered. It's a pain in the ass, but the hearing itself is really straight forward.

[Tazz]

Was told by them and the shop that helmets life expectancy is 5 years and they use 20% per year as depreciation formula. So my helmet has depreciated 80% of its toital purchase value. But because I told them that the helmet was only used handfull of times (had photos) they agreed to 50% value replacement

Hmm, interesting. Should have known there was some sort of catch in there. Cheers for posting that up.

Nice picture btw man. That and the Powerslave Eddie are my favourites =D

[LaggyGN]

I got the summons in November for a date in mid-December, but told them I was going to be away for work during December through March (with the exception of 2 week holiday back in Auckland). They said that was no problem, and I got an email saying they've rescheduled the hearing for March 7th, and sent me a scan of the new summons.

Just got back to Auckland today. There is a letter confirming that the hearing is scheduled for March 7th. But there's also one telling me I didn't attend the one on the 10th of December, and I was therefore found at fault.

I just don't even...

[Fern]

Opinions are like arseholes, everyones got one and they all stink like...

Other than the fact your rant is completely irrelevant to the situation.....yup. That works really well overseas to where insurance companies hold people to ransom and you can pay more than your car is worth EVERY YEAR for insurance.
But that's ok, you can do things like have your car tracked by GPS 24/7 to lower your premiums, and if you go over the speed limit 3 times a month or drive in between certain hours your premiums increase or your insurance is canceled. Sounds like fun!

And then, you can pay for years and years only to have an insurance company fark you over when it comes time to pay out. Look at the Canterbury EQ. 150 years or more of insurance paid for that area, yet there is no money, the government has to chip in as well (I know that is part of the law but it is your insurers/brokers job to sort it for you which doesn't happen) and most people are paid less or well less than their insured value?

But yeah nah, you're fully safe being insured. They've only got your best interests at heart after all

Rant over lol

nah, my UK insurance (where 3rd party is compulsory) cost same as here. Go figure.

[Tazz]

nah, my UK insurance (where 3rd party is compulsory) cost same as here. Go figure.

Hmm. Are you over 25?

[Thaeos]

I got the summons in November for a date in mid-December, but told them I was going to be away for work during December through March (with the exception of 2 week holiday back in Auckland). They said that was no problem, and I got an email saying they've rescheduled the hearing for March 7th, and sent me a scan of the new summons.

Just got back to Auckland today. There is a letter confirming that the hearing is scheduled for March 7th. But there's also one telling me I didn't attend the one on the 10th of December, and I was therefore found at fault.

I just don't even...

Wut. Hope you can get that cleared up. Human error somewhere in the bureaucracy. Which is dated most recent?

[Jantar]

I once had something similar. Notice that I had been fined and in the same mail was a notice that my intention to defend (a speeding ticket) had been received and a court date would be given. I simply took both into the registrar at my local court and it all went away.