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Elders bike insurance

Discussion in 'Businesses and Service Providers' at netrider.net.au started by MitchRohr, May 13, 2009.

  1. Hi all,

    I have a bit of a tricky question. I have been ringing around to find a suitable full comp insurance policy, called into elders to have a chat and get a quick quote, and it ended up being roughly $750. Now being a 21yo with a 675cc supersport, this number seems way way too low (the next best I could find was ~$2500, with the worst being $4000 :shock: ).



    There were a few things I noticed when I was talking to the lady from Elders. Firstly she said 'we don't insure Ducatis, or anything like that'. She also mentioned that the system they use to classify bikes has a drop down menu for capacity and the options are either 650cc or 700cc. I told her to pick 700cc to be on the safe side, but she said it wouldn't make much difference. They also didn't ask me if I had had any licence suspensions (which I have and assume would be a pretty significant piece of info for them to know). This plus the fact that they mainly specialise in farming insurance etc, makes me think that they have no idea what they are insuring.

    My question is this: should I try to get insurance with these guys considering that they could argue that they didnt insure a 675cc triumph? Could they argue that they insured a 650/700cc bike instead and that my insurance is thus void? Would I be able to include a clause in the contract which stipulates that the bike is in fact 675cc? Am I just being paranoid about a great deal? Any help or experiences would be greatly appreciated.

    Mitch.
     
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  2. I'd be tempted to say she called up a quote for a quad bike bit its a bit on the ritch side for one of them.
    Go through the process and have a good look at what's written in the policy and their product disclosure statement.
    If that all looks ok you have a good deal. Just hope (like we all do) that you don't have to make a claim.
     
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  3. nope they suck.... i tried the same thing and it also came under the 650cc thing... dont know how they do it but i didnt think it was worth the risk.... and when i tried.. you had to have had existing insurance policies with them to be able to be insured by them.


    and like they say for most things, if it sounds too good to be true, then there must be something wrong somewhere.. dont know if you really want to be risking your $16K daytona on that
     
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  4. Hmmm. Yeah what I really want to know is the 'water-tightness' of this policy. The lady mentioned nothing about having to have previous policies with them! I'm going to suss this out.
     
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  5. get them to send you a quote and then the insurance policy. you'll see whats covered and whats not.
     
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  6. Mitch this surprises me about Elders and bikes. When I was on the coast the broker I had did everything through Elders (busines, vehicles, Pub liab etc) but couldn't get me bike insurance ..... right up to 6mths ago ..... for an FZ1.

    Since Goosh has posted he had a look-see at 'em and wasn't happy, and i'm saying a friggin broker couldn't get a policy out of them, I'm not sure they're a wise choice for you. City's right ask for the goods and read carefully but i'll be tipping you're still going to want to shop around.
     
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  7. I would say read the PDS carefully, as they do not specialise in bikes, so not all stuff may be covered.

    I used to insure my car through them, but never had to make a claim.
     
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