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Thread: Stolen Senator

  1. #41
    Join Date
    Jun 2016
    Posts
    118
    The insurer is assessing value of the total loss of the vehicle now so looks like they have given up on getting it back in any condition worth repairing.



    Quote Originally Posted by Gunnar_917 View Post
    ^^ tells the truth on Internet forums

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  2. #42
    Join Date
    Dec 2014
    Posts
    176
    I certainly had Senator withdrawal with my VF NA series one taking time getting boosted and built bottom end. Will you go back to a VF HSV ? If the pay out occurs such as an LSA factory Senator, or GTS, GTSR? Keeping magnetic ride as well. Or are you doing something totally different nex car around?

  3. #43
    Join Date
    Jun 2016
    Posts
    118
    Quote Originally Posted by SenatorW View Post
    I certainly had Senator withdrawal with my VF NA series one taking time getting boosted and built bottom end. Will you go back to a VF HSV ? If the pay out occurs such as an LSA factory Senator, or GTS, GTSR? Keeping magnetic ride as well. Or are you doing something totally different nex car around?
    Haven't really thought that far ahead yet.

    At this stage I'd take a direct replacement if one was available, but that all depends on the final payout.

    Quote Originally Posted by Gunnar_917 View Post
    ^^ tells the truth on Internet forums

    I like 'em LOUD

  4. #44
    Join Date
    Jun 2016
    Posts
    118
    Latest update.
    Apparently the offender has been caught.
    He is known to police for this kind of activity. (Why he is not already behind bars? - that's a whole other rant...)
    Not so lucky with the car though, apparently already stripped for parts.

    Insurer has decided made an offer for a total loss.

    Offer is pathetic, so we still have some negotiating to do.

    Quote Originally Posted by Gunnar_917 View Post
    ^^ tells the truth on Internet forums

    I like 'em LOUD

  5. #45
    hope the outcome goes in your favor (as much as it can be in these circumstances) and you get another pride and joy and hopefully put this behind you.

  6. #46
    Join Date
    Nov 2013
    Location
    Newcastle, NSW
    Posts
    933
    Quote Originally Posted by Black5 View Post
    Latest update.
    Apparently the offender has been caught.
    He is known to police for this kind of activity. (Why he is not already behind bars? - that's a whole other rant...)
    Not so lucky with the car though, apparently already stripped for parts.

    Insurer has decided made an offer for a total loss.

    Offer is pathetic, so we still have some negotiating to do.
    Years (many, many) ago I had my VC Brock stolen - I had a huge bun fight with them (insurers) in regards to value of the vehicle.
    It was insured at the time I think for $12 or $13k - They offered $6k.
    During the pooh storm, the insurance had come around again & I received the renewal in the mail - & plain as day
    the 'agreed" value in the policy was the $13k...
    Armed with this info I rang them feeling really confident but I was quickly set straight when ole mate on the phone
    told me to look at paragraph 5, item aii etc where it said "agreed or market value" whichever is lesser!!!
    So i asked the prick if I agreed to market value would my policy be cheaper to which he replied yes...
    So I went off my tits saying they (the insurer) were quite happy to take my money for an agreed value policy, but
    in reality the vehicle was only insured for market value.... a holes - no other word for them...
    Good luck with your battle.
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  7. #47
    Join Date
    Jun 2016
    Posts
    118
    Quote Originally Posted by TPKW30 View Post
    Years (many, many) ago I had my VC Brock stolen - I had a huge bun fight with them (insurers) in regards to value of the vehicle.
    It was insured at the time I think for $12 or $13k - They offered $6k.
    During the pooh storm, the insurance had come around again & I received the renewal in the mail - & plain as day
    the 'agreed" value in the policy was the $13k...
    Armed with this info I rang them feeling really confident but I was quickly set straight when ole mate on the phone
    told me to look at paragraph 5, item aii etc where it said "agreed or market value" whichever is lesser!!!
    So i asked the prick if I agreed to market value would my policy be cheaper to which he replied yes...
    So I went off my tits saying they (the insurer) were quite happy to take my money for an agreed value policy, but
    in reality the vehicle was only insured for market value.... a holes - no other word for them...
    Good luck with your battle.
    Thanks for your support.

    Yes.
    I came across the same wording and asked the same question during a recent renewal.

    Most "Agreed Value" policies are not what they seem and these "protections" are built in to prevent over insuring and the associated incentive to defraud.

    As the vehicle was in the care of another party at the time it was stolen, I'm dealing with their insurer as well and not constrained by the terms of my own policy.



    Quote Originally Posted by Gunnar_917 View Post
    ^^ tells the truth on Internet forums

    I like 'em LOUD

  8. #48
    Join Date
    Nov 2016
    Posts
    767
    How can they then sell a policy for a higher price that has no further coverage?

  9. #49
    Join Date
    Jun 2016
    Posts
    118
    Quote Originally Posted by craze View Post
    How can they then sell a policy for a higher price that has no further coverage?
    Because people don't ask.

    I found out because the "agreed value" policy was quoted at the same price and I asked why, even though the value covered was higher.

    It seems you can agree to have your car covered for less than market value at a reduced premium.

    There are exceptions of course and "real" agreed value policies do exist, but typically with specialist insurers, such as Shannon's, and they are commensurately more expensive because of the increased risk borne by the insurer

    I don't think they will let you cover it for a ridiculous amount above market value though.

    Quote Originally Posted by Gunnar_917 View Post
    ^^ tells the truth on Internet forums

    I like 'em LOUD







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