Posted by alexandra_k on October 10, 2018, at 0:47:50
In reply to Re: Today's Dominion Post, posted by alexandra_k on October 9, 2018, at 22:00:01
protection against 'accidental or innocent non-disclosure' is what we don't have. and insurance companies got an exemption on a Fair Trading Act ban on unfair contract terms.
apparently, a 64 year old man with a $10,000 life insurance policy who lived to 84 could end up paying $20,000 in insurance.
(Consumer magazine) - $15 per month and a bimonthly magazine for 'free legal advice'.
I phoned my insurance company yesterday because I have been doing these riding safety courses and the ACC says we should ask our insurance company about a reduction in premium, or whatever.
I didn't manage to get hold of anyone... Apparently they will call me back (still waiting). The lady on the phone said they had me recorded as being 20 years younger, though.
I paid $315 to insure a motorcycle for $2,999 and a liable to 3rd parties limit of $20,000. Apparently this includes a 25.% no claims bonus for my second year of insurance.
Standard Excess is $200 and Imposed excess is $50 and they are cumulative.
'The following additional clauses apply'.First claim excess is $250
Motorcycle parts and accessories excess is $100
Keys and locks excess is $100.So... That's a total excess of... $600 if I don't need keys and locks.
There is no stated value of my motorcycle gear. E.g., my helmet and pants and jacket... I guess the value will be depreciated so I won't actually be able to replace... Any of it.In the case things are written off...
Looks like... In less than 10 years I'll have paid the insurance company more than the total value I could ever have claimed back...
Unless I smash into something very expensive to fix. How likely is it that a 225cc motorcycle is going to cause $20,000 worth of damge to something else?
This seems like a scam...
I want to be a responsible purchaser but I surely don't know how in this country.
poster:alexandra_k
thread:1100838
URL: http://www.dr-bob.org/babble/poli/20180816/msgs/1101287.html