To Insure, or not to insure...

[Red_Bullet]

$390 for full comp on a $13,000 agreed value...

I can't get full comp for less than $2500 for my $15,000 RS250.

Really? My son has his RS-250 insured, think it only cost him about $1200 and he's only 22 years old.

[Rocky]

Thanks Guys, good to have your advice.
Kansei - I would never be without cover for the other vehicle. As MM said - run into a Ferrari and sell your house to pay their claim.
JB - Yes, that figure factors in my limited use (once a week, B roads, non-busy times) and the fact that the rest of the time it is in a dark locked garage. Also my blemish-free driving record since forever and no claims with the company since I bought the car. I'm the only driver and I'm 65yrs.
Kalt - Yes - only about $6K spent in premiums since purchase.
smy - I've always been very happy with my treatment by Shannons which is why I negotiate hard to stay with them.

[billybunter]

so I guess your not buying any birds.......

[JBT]

One thing to think about Rocky is self inflicted damage that may initially seem minor being an expensive repair.

Example - Our 2008 BMW suffered damage to the front bar (deep scratches and slghtly bowed) and one sill cover (badly scratched and cracked) when a big piece of concrete broke off my son's driveway. Thought about getting a mobile bumper fix but that would have been about the $500 excess so, got it fixed properly with a new bar and sill cover. $2400 was the quote Shannons paid out on and I don't think it would have been much less for similar repairs to the MX-5 or Mazda6.

[StanTheMan]

so the question here is.

for $400 if it gets written off.....you'd get 10K for your current car

if you don't spend the $400 and it gets written off, you get nothing.


whats the issue I'm missing?

even for 3rd party property.....you'd spend about that.

[Rocky]

I'm just anti-insurance Stan. All my life I have paid insurance premiums that I got nothing back for (except maybe 'peace of mind')
Health Insurance being a good example. Would have paid tens of thousands in that over 40 years and got virtually nothing back.
Cancelled all my life insurances decades ago.
BUT - the comments and advice in this thread have convinced me that I should continue to insure the MX5 in spite of it's minimal value.

[billybunter]

in all honesty I think most of us who answered this question including myself were pretty friggin bored I am pretty sure if I had asked the question I would have got some pretty smart As$ answers - which I would have handled it well too

you and I sit at the same age and we know how life runs its course so to help you out I could give you half a bird to help with insurance on your car BUT you will have to buy the other half to complete the live deal package

[StanTheMan]

well, Its the time when you don't pay for the insurance mishaps happen.

that's not a scientifically proven fact.....it probably more to do with Murphy's law.

[billybunter]

I once had an uninsured car stolen in Orange NSW when I was young and foolish........about 28 I think they found the car 5 days later in Bolder WA smash up. first thing I knew about it was when the tow truck driver rang and said to me - you owe ex amount of $$$ for having your car towed to the salvage yard.
that certainly pissed me off and I said keep the car and sell it for bits and take your money lesson learnt and never been uninsured since
when I reported the car stolen to the blue boys the very first question asked was - are you insured. I replied no! and they followed it further with - more fool you!
the most important part to this story - never leave your car unattended and running in your mates drive way

[KevGoat]

well, Its the time when you don't pay for the insurance mishaps happen.

that's not a scientifically proven fact.....it probably more to do with Murphy's law.

Only four days of uninsured car ownership in my life (well technically it was insured but long story) and my brand new car was written off in a freakish accident during those four days ... and we ended up paying four more years of payments on a car we no longer had

It happens.

[StanTheMan]

Insurance. A grudge purchase.
I understand what Rocky is saying . I hate it too. But $400.....for piece of mind when others are paying $2500 PA. But in that case the MX5 is perhaps not going to get stolen. Or there could be much less chance than if you were driving a super sports car with lots of hp desired by the young generation.

or even a motor bike in the under 25 yo category.For those who haven't lined up their ducks just yet....(sorry Daffy )

or for the fossils like Billy ....If the insurance knew how he drives with his mechanical sympathy.....they'd have to be paying him.

I got hit by a car on my bicycle commute last year. Drivers fault.Also very lucky to tell the tale. I wasn't insured at the time. Never thought about it on a push bike. You can bet your life I'm insured on the bike now. If It was my fault......replacing a bonnet, fender & wind screen could have added up. Plus my time in hospital in lost wages.....for $70 a year....if Id hit a Porsche or Merc.....gawd

[Magpie]

Each persons risk profile is different. A person who has $10m in the bank and wins $10k will act differently to somebody with $0 in the bank and wins the same amount. As I said it is the individuals view point that is the key to almost all things. I work in negotiations and it is imperative that you try and see things through the eyes of who you are negotiating with to understand their motivation and their best alternative to a negotiated outcome.

Simple, know your enemy better than they know themselves.

[billybunter]

yeah well ive got far more important issues now I bought a lens for my new camera -well actually two and asked the seller first if it would fit - he replied it would fit all e mount sony cameras.
bought the lens and got it today and it doesn't fit the bloody thing

so I emailed him and let him know. he friggin replied you bought the wrong lens and that's about it. well I sort of got my laugh for the day then I sent the bustardo this-

hi again
1. here is an extract from our dealing see below. my very first email to you was via -ask a question. I only had the camera a couple of days so that's why I asked. please note I came in on the micro four thirds link

2. I asked if this lens would fit on my sony a6000 camera.

3, you replied YES! it was an e mount lens for an e mount camera.

in actual fact its totally all your fault and you gave me misleading information. I as the customer ask if it would fit. my a6000 and you should have replied -no this is for a micro four thirds and then supplied the correct item number or link. but I certainly know now what a four thirds lens is

first off you should have admitted your error and immediately said -send it back and I will replace it for the proper lens in question.

all your reply indicated to me was I bought what I had clicked on. in theory that's true but in reality - I asked you first would it fit and If so I was going to buy it.

by rights you should pay return postage too. I run a business myself......not ebay either and I would own up and correct my mistake if I was in your position. you as the owner gave advise on a product but never actually that checked the main source for the answer. you just assumed that I was on the e mount sony lens page and gave your answer without 100% certainty.

[billybunter]

just in and all good remember all they have to do is the right thing and one is happy especially the word apology now I don't care and I will pay the return postage and overall a good end to a high rising problem

My apologies for the late reply, but we have been processing and dispatching goods all afternoon.

As I explained in my last message, I assumed that you were asking about an E mount lens as you own an E mount camera. I wouldn't have even thought that you were questioning regarding a MICRO FOUR THIRDS mount lens.

WE have also dispatched you another order today. You have ordered an E mount lens on this order.

If you think it's fair that I should arrange collection and pay for return postage and then return postage of the SONY E mount back to you (after having sent the first lens), please advise.
Regards,

[Lauz]

Comprehensive insurance is worth the cost if an uninsured driver hits you.. With comprehensive, you get a police number from the accident, quote it to your insurer and a few days later a cheque shows up.

If you were only with 3rd party property, you would need to consider taking legal action but at the end of the day you can't get blood from a stone and retaining your own lawyers will very likely exceed any damages you would be awarded. Nowadays a lot of 3rd party property policies do offer uninsured driver clauses where if this situation eventuates you can claim a small amount back (usually $3-5k depending on your policy).