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Discussion in 'Australia & New Zealand' started by raynewman, Apr 8, 2016.
This is the first year of the cost comparison - watch this space.
This will be interesting.
no more petroleum cars for me.
Yes will be interesting. Another column showing percentage difference would interesting, looks like
in a couple more years the more expensive Tesla will be in front.
Did you sell the Merc in to get the Tesla?
Was the Mercedes new in 2007??
Merc was bought new in 2007 - ordered 4 months earlier as I had to have a special order to get Distronic.
Merc sold in November 2014 for $20,000 and it was *&%^.
After a very nearly disaster with a truck and chipper sliding down a mountain road at me on its side in the rain yesterday I have become real interested in updating Insurance. Ive just done a mok order for my S85 as a replacement (P90D $204303 ) should my beast be written off. AAMI will only cover up to $150k despite saying new for old up to 2 years!. I was calculating the difference I would be out on a limb for as the truck slid towards me. Funny the things you think of..... Had a happy ending the chipper stopped 1 meter away then then truck swung on the tow bar and stopped 30cm from my drivers side door. What a relief..... Now the real question is has anyone got a REAL NEW for OLD cover at above $200K replacement price.?
I have heard a similar story of "new for old" not working out, but can't remember the company now (it wasn't AAMI). Owner paid high premiums under the belief that they were paying for "new for old" however it seems the insurance company had no desire to pay out the full amount. I don't trust car insurance agencies in general. I think they try to overcharge you in premiums and when you make a claim will use any excuse possible to (a) argue that the car is a write off and they will "dispose" of the vehicle and (b) to minimize the amount paid. I know people who have had bad experiences, e.g. in one case the insurance company de-registered the car against the wishes of the owner when the claim was in dispute (owner felt damage was cosmetic and repairable; insurance company said it was a write off and made car unroadworthy). Don't trust my current insurer either - just noticed my policy has changed and is "estimated value" not "agreed value" - which has a somewhat different meaning.
Like fitness or health clubs, in general, insurance companies are not there for you, they are there for them.
Case in point is a health club I have renamed " Fitness Last"!!!
I often say to my clients that if you go to the Casino and put your dosh on the roulette wheel, then if you win, the Casino will happily pay you up there and then and in cash too!
But if you take out insurance and make an insurance claim, their typical response is, 'you prove it' and otherwise 'try and sue for it'.
I had 'new for old for 2 years' but after 1 year they stopped making a P85D and started making a P90D... And on a strict wording of my policy..the 'new for old' becomes 'nothing for old'.
I guess I am wearing the insurance on that one...but the premium stays the same...
This is what YOUI say (the 40,000 km is a worry):
Subject to availability, we may choose to either replace the car or pay the replacement cost of a new one, if the car is assessed by us as a total loss within the first 24 months:
since it was registered in your name and had less than 500 kilometres on the odometer; and
it had travelled less than 40,000 kilometres since it was first registered.
The replacement or its cash-equivalent will be based on a new car with a make and specification as close as possible to the insured one.
That's a very important detail on the 40,000Kms given I'm already over it.!
I will start doing another round of emails........
The killer in this situation I am happy to pay higher premiums to hedge the shift in price.
Actually this coverage gap makes me wonder whether I should chase an upgrade to to a P90DL if it leaves me (us) with a huge gap in the event of a right off. I assume one would have to sue privately for the difference ?