Kawasaki Sportsbike Riders Club - Australia - Online Forum

hoffy wrote:I found Shannons heaps cheaper than WQBE, plus shannons does riding gear worth $3,000 and agreed value, and no extra to pay by the month. I pay around $700 - $800, and Im a hooligan..go figure

When I asked Wqbe to match the quote they couldn't ???? which is against their policy I think

frl0173 wrote:

hoffy wrote:I found Shannons heaps cheaper than WQBE, plus shannons does riding gear worth $3,000 and agreed value, and no extra to pay by the month. I pay around $700 - $800, and Im a hooligan..go figure

When I asked Wqbe to match the quote they couldn't ???? which is against their policy I think

When I Asked them to match it they came back with a better price, even with PBTM

ZXRobyn wrote:just posting this as a note to the older riders with more sedate bikes (that sounds wrong, but you know wot i mean )

ZXRobyn wrote:

ZXRobyn wrote:just posting this as a note to the older riders with more sedate bikes (that sounds wrong, but you know wot i mean )

Far out - I knew I'd cop it for that..... Sedate: What I meant or should have said was 'with bikes that are considered 'lower risk' from the underwriters perspective that is'!!
FTR I'm one of the older riders - ok maybe not a low risk bike...
You might want to read the fine/small print with IMR - I remember someone referring to it on a different email forum??? Anyway I'd check it out to make sure there's no 'hidden surprises'.

Ok, I'm crawling back into my box now

MG wrote:Basing your insurer solely on cost of a Policy will become a recipe for disaster
come claim time.

Shifty wrote:Finally, some wisdom on the internets!

Definitely worth looking into what is and is not covered. A saving of $250 can easily be un-done when you have a claim and find out that your $800 helmet isn't covered, or you only have cover for a few hundred bucks.... and there are a bazillion other things that may rock/suck about a particular policy so there is no substitute for sitting down with a coffee (beer?) and reading the policy booklets cover-to-cover.

MG wrote:Couple of points for you matey:

An excess is an amount (contribution) you must pay when
YOU make a claim. Getting it back/having it waived etc is a
seperate, but related topic.

Some insurers will always ask for it up front (regardless of
whether you are at fault or not). It depends on their guide-
lines.

I see nothing untoward with QBE asking you to pay all excesses
up front (& you'll see why).

In regards to your Inexperienced excess, they'll charge that
as long as you have not held a bike license for 3yrs. Period.

The type of incident you had &/or who was at fault is irrelevant.
Again this is how they operate their product & furthermore, its
something you agreed to (unfortunately)

Having said that, your post illustrates why its important to re-
search before buying an insurance product because there is no
way known some/other insurers would have charged you any-
thing. eg.

'When an Excess does NOT apply'



Insurer above clearly would not have charged you any excesses
forthe incident you had.

Your Basic Excess is $500, so as long as the damage is more
than your excess & you were not at fault, a Nil excess is
applicable.

Now if you have a look at your PDS, you will find the following.

1. An Excess is payable
2. Inexperieced Excess is payable (if its noted on your Certificate)
3. 'When an Excess does NOT apply' does not exist with QBE

No where will you find where a Standard Excess is not payable
or waived as others insurer do.

See Index of PDS below





You make a claim with QBE they'll ask you to pay all applicable
excesses & they correctly advised, its not likely you'll get it back.

They told you about it when you bought the product. You had a
3 week cooling off period if you didnt. Once that time expired you
agreed to the T&C bud

See below:





The only time an Inexperienced rider excess would
not apply is as below:




Bit of trivia: QBE are big on excesses!
The word is mentioned no less than 60 times in their PDS

MG wrote: 1. That was never going to happen bud
2. No worries
3. 100% correct. You may not have gone with em to begin
with if you did just that
4. Makes sense

If I could just add a coupla last pointers (not directed to you)
about excesses/insurers etc

Excesses have one use only, & that is to remove the ability of
the customer to make small claims - small as in dollar value.

If we didnt have excesses & could make small $XXX.00 claims,
the cost of insurance across the board would skyrocket.

Unfortunately given your incident, damage, your insurer & their
guidelines, lodging a claim without it not costing you anything
was always going to be out of the question

Some insurers will offer a nil basic excess for those 50 & over
because this age group are statistically less likely to lodge claims
and these are only for selected lines of insurance eg home/car.

I'm not aware of any insurers who offer a nil excess for motor
cycles even for over 50yo's.

Some of those that do offer nil excess for clients under 50 do so
at a cost eg $270 more than if you chose to have a Basic excess.

I've said it so many times already but I'll say it again. COST of
insurance is not or should not be the most important factor. It is
important but it shouldnt be the sole factor in deciding who
to insure with.

In this thread I illustrate how InsureMyRide offer a Policy HALF the
price of what I'd been paying.

If cost was the most important factor I'd have bought a Policy
off em then & there but I didnt. Why?

X wrote:They've got 25% off if you book online at the mo, only prob is they only do market value + $2k for mods. If it wasn't for that I have gone with them and saved myself another $500pa!!

MG wrote:That & more..

I checked my notes, had another look thru their booklet, read previous posts
on here about em, read my emails from em & theres still more I need to clarify
with em.

IMHO I think they have an inferior product compared to whats available out there.
There are a number of things I don't like eg.

Replacement bike - First 12mths of reg only, whereas these day 2yrs
is standard, so if I insure with them, no replacement at all.

Pro's are they are part of Suncorp so have strong backing & they are charging
$1000 less which is huge!

But cost is not the most important thing to me. I'd rather pay a couple
hundred more to get the cover I want. I'll still have to do some more
work & weigh it all up before deciding.

Cost of a Policy is going to be irrelevant if you have the worst case
senario & you are not placed back in the same position you were in
before the incident took place.

Thats what it comes down to & thats what insurance is all about. Some
can do it better than others.

MG wrote:I dont hold the same views champ.

That practice is certainly not standard across the board, as
shown above.

Putting premiums aside, I've yet to come across an insurer or PDS
which was 2nd to none. I challenge anyone to prove otherwise.
Because any PDS available will have something that is at worst,
inferior or less to what another insurer gives or at best, is given
by others.

The fact is, All insurers have their pro's & con's. It is for us to
determine what they are & weigh all factors before making a decision.

At days end, I know it sucks (your situation) & I feel for ya but unfort-
unately it doesnt take one long to realise your gripe against QBE is
unfounded. They have not acted against the T&C that you agreed to.

mike-s wrote:Agreed, i got the gsx250 registered today and when i got 3pp insurance i was asked the whole raft of questions about my driving history, suspended/disqualified.
I figured to hell with it and admitted that i got suspended for 3 months for speeding.

Surprisingly i don't believe that it made an impact on how much it cost me for the insurance. I did an estimate earlier and it came across as $19/month when i did an online estimate. In reality it cost me 20.54 a month. Which is pretty close (just on 10% more). I would have expected maybe 25/month, but i guess its not made as much of an impact as i thought.