EBike Insurance

QLDZX6R · Post by **QLDZX6R** » Sun Feb 04, 2007 8:22 pm

Mate got quoted $480 for his R1,currently over $1K but excess is much higher.He gonna try use to reduce his current insurance.

Daisy · Post by **Daisy** » Sun Feb 04, 2007 9:17 pm

And how much personal info did you guys feed these scammers to get these stupid quotes?

Burky · Post by **Burky** » Sun Feb 04, 2007 9:38 pm

Just worked out @ $983. Not bad ???

Daisy wrote:And how much personal info did you guys feed these scammers to get these stupid quotes?

Not much but i hope it's nobodys number i gave them

Neka79 · Post by **Neka79** » Sun Feb 04, 2007 10:30 pm

Daisy wrote:And how much personal info did you guys feed these scammers to get these stupid quotes?

haha if they come round here looking to pinch my bike there in for a rude awakening!!

mrmina · Post by **mrmina** » Mon Feb 05, 2007 3:54 pm

Neka79 wrote:
Daisy wrote:And how much personal info did you guys feed these scammers to get these stupid quotes?
haha if they come round here looking to pinch my bike there in for a rude awakening!!

they wouldn't be that stupid

Felix · Post by **Felix** » Mon Feb 26, 2007 2:33 pm

If anyone still cares, I did get a response from APRA, interesting bit in bold:

Thank you for your email received on 20 February 2007.

The Australian Prudential Regulation Authority (APRA) is the prudential regulator of
most financial institutions in Australia. APRA sets and enforces standards for the
prudent management of deposit-taking institutions, superannuation funds, insurance
companies and friendly societies, to maximise the likelihood that in all reasonable
circumstances they will remain financially sound and be able to meet their
obligations to depositors and policy holders.

General Insurers authorised by APRA to undertake new or renewal business are listed
on the APRA website at http://www.apra.gov.au by following the path General Insurance
> Register of Authorised Insurers.

With regard to ebike insurance, they do not appear on this register.

They may be an insurance broker, rather than an Insurance company. With regard to
insurance agents and brokers, these financial intermediaries are regulated by the
Australian Securities and Investments Commission (ASIC).

ASIC is responsible for the licensing of insurance brokers and for the operation of
the market for financial services and products, including the disclosure of
information by financial institutions in Australia. They can be contacted by
telephoning 1300 300 630, or via their website, located at http://www.asic.gov.au.

Alternatively, They may be an unauthorised foreign insurer. While it is not illegal
for Australian insurance brokers to offer products underwritten by insurance
companies that operate overseas, your access to legal recourse will be limited,
should an issue with your policy arise.
APRA issued a media release Thursday 8 May 2003, 'APRA again cautions against
unauthorised foreign insurers' that may be of interest to you. I have included a link
for your reference: http://www.apra.gov.au/media-releases/03_44.cfm.

Kind Regards

Stereo · Post by **Stereo** » Mon Feb 26, 2007 2:58 pm

Neka79 wrote:
Daisy wrote:And how much personal info did you guys feed these scammers to get these stupid quotes?
haha if they come round here looking to pinch my bike there in for a rude awakening!!

Because they would have been expecting a good bike?

Burky · Post by **Burky** » Mon Feb 26, 2007 3:03 pm

Stereo wrote:
Neka79 wrote:
Daisy wrote:And how much personal info did you guys feed these scammers to get these stupid quotes?
haha if they come round here looking to pinch my bike there in for a rude awakening!!
Because they would have been expecting a good bike?

Not a Honda

Neka79 · Post by **Neka79** » Mon Feb 26, 2007 6:37 pm

Stereo wrote:
Neka79 wrote:
Daisy wrote:And how much personal info did you guys feed these scammers to get these stupid quotes?
haha if they come round here looking to pinch my bike there in for a rude awakening!!
Because they would have been expecting a good bike?

no..cos id run outside nude and my bright white arse isnt that pretty!!