American Muscle Cars Australia
Club News => AMCCA Members Chat Room => Topic started by: roadhound on September 01, 2010, 07:38:32 PM
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Is there any alternatives I should
know about that may be better than what I have
}elders/camden].What else is there besides shannons
think its harder out there to find something else.
Much appreciate and info,thanks
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I don't know from personal use but i've heard about a company called LSV Insurance. All feedback ive heard is great in terms of claims etc and apparently there one of the cheapest round. Just a thought.
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Well my experience with LSV sucks.
I'm in the build, I have close to $130K in parts in the car, and over $80K in labour so far.
They will offer $60K coverage. When I asked why, they said it's not worth more than $60K. Even with over 200 photos and they openly agree there is a ton of work in it, their answer is, well so what, it's just not worth that. i said well just cover parts value. They said, nope not worth that much, I said WTF if I were to replace it I would have to buy all those parts again, so at minimum that's it's worth. Again they said nope.
I said don't you offer agreed value, and they said, yeah, but we don;t agree that it's worth any more than $60K.
Perplex I left them with, a comment about how I can't see what the market value has anything to do with the insured price, if I am willing to pay more for the insurance. Insurance is a risk game....reality is it won't see that much road time, it's a safe risk for them....
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Well my experience with LSV sucks.
I'm in the build, I have close to $130K in parts in the car, and over $80K in labour so far.
They will offer $60K coverage. When I asked why, they said it's not worth more than $60K. Even with over 200 photos and they openly agree there is a ton of work in it, their answer is, well so what, it's just not worth that. i said well just cover parts value. They said, nope not worth that much, I said WTF if I were to replace it I would have to buy all those parts again, so at minimum that's it's worth. Again they said nope.
I said don't you offer agreed value, and they said, yeah, but we don;t agree that it's worth any more than $60K.
Perplex I left them with, a comment about how I can't see what the market value has anything to do with the insured price, if I am willing to pay more for the insurance. Insurance is a risk game....reality is it won't see that much road time, it's a safe risk for them....
Sorry to hear about that mate. I haven't personally used LSV I have just heard good things. The only bad thing about a young guy driving an old car is no one will ensure me due to the age of the driver and age of the car :mad: so I can only go on feedback
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I got a good deal through LSV! Cluxford You must have got the wrong person on a bad day?? unless they are cracking down a bit? I got my insurance done on agreed value (but it was finished).
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I am insured with Smith&Wesson. The policy is in my holster.
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I am insured with Smith&Wesson. The policy is in my holster.
I myself use ANSCHÜTZ, swedish mauser and my old faihfull Lithgow Slazenger, plus friends of theirs........ Ohh, also NRMA classic. Had no problem geting the extra value and have increased value with them as I have added goodies.
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LSV bought out or took over what used to be Torque Underwriting. I was with Shannons for a long time but the premium was getting too expensive. Switched over to Torque & have always had a good deal with them.
I got a flyer from Shannons a few weeks back to say anybody with an ANDRA licence would be able to recieve a discount so I rang them up & with the discount they were still $300 dearer than LSV plus I have to keep my ANDRA licence which is $150/year.
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I am insured with Smith&Wesson. The policy is in my holster.
I myself use ANSCHÜTZ, swedish mauser and my old faihfull Lithgow Slazenger, plus friends of theirs........ Ohh, also NRMA classic. Had no problem geting the extra value and have increased value with them as I have added goodies.
So what do yo u do when someone runs into you with no insurance and no money? :gotya:
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LSV has been great to me! This year I got my 85 vette and 03 BA ute insured together for $505!!
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Shannons is the only place that gives me the option of actually using my car as a car, ie, I can drive it anywhere and park it anywhere anytime, as long as when it's at my house, it's garaged overnight. Also, I'm not required to have any type of immobiliser or alarm.
I've enquired with other companies by filling in their online form. When they call me back they ask, "what do you mean you drive it everyday??" When I explain that it's the only car I own and I park it in the supermarket carpark when I go shopping, there's a moment's stoney silence on the phone followed by, "sorry, we don't insure them for that kind of use", or, "would you consider buying another car to drive around, because we'd really like to have your car on our books."
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We are with LSV , there premium for the 55 olds and the mustang was $200 cheaper than the mustang alone with shannons and lsv gave me a extra $10,000 cover on the mustang compared to shannons, i know of one of our club members that has a at fault claim with LSV at the moment , he told me they have been good.
cheers chris.
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Its been very productive I just checked with LSV and my youngish 88 is considered a "modern classic" after 1985 , .I was able to maintain my present agreed value and all the perks
the only restriction was limited 4000km usage "light recreational use policy". I now have something to think over .Again thank you:bow:
:bow:
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the only restriction was limited 4000km usage "light recreational use policy". :bow::bow:
What would I do with my car for the other 10 months of the year. :lol::lol::lol:
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the only restriction was limited 4000km usage "light recreational use policy". :bow::bow:
What would I do with my car for the other 10 months of the year. :lol::lol::lol:
Exactly! I do about 8,000 klm per yer. Shannons upped my value when I changed the engine (and added the wheels and other stuff) by $20,000 to $85,000 and then dropped the premium to below what it was when I just mentioned LSV! I'm happy. Had one claim and they were great. :smile:
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Exactly! I do about 8,000 klm per yer. Shannons upped my value when I changed the engine (and added the wheels and other stuff) by $20,000 to $85,000 and then dropped the premium to below what it was when I just mentioned LSV! I'm happy. Had one claim and they were great. :smile:
I should mention Lsv to Shannons next time to see if they would up my value? At this stage Lsv is very tight with the agreed value.