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Post by Deleted on Apr 4, 2013 23:39:04 GMT 10
Hi guys, my wife and i just purchased what we believe is a 1971 viscount royal and are just wondering about insurance, as we have read not many companies will insure classic vans.
Warm Regards
Simon
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Post by youngdazza on Apr 5, 2013 8:02:11 GMT 10
Ive never had a problem insuring a classic van at market value. If you want to insure at an agreed value which is significantly higher than their estimated market value then you may have trouble.
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Post by ForumMod on Apr 5, 2013 10:52:04 GMT 10
I had no problems insuring a 1977 Millard, and now the 1992 Windsor, with GIO insurance. When I made the decision to go with GIO after doing the cost comparisons, I had to pluck a figure out of the air for what I wanted the Millard insured for. When the paperwork came, I read through the handbook, and discovered that it doesn't really matter what figure I had picked, it's up to the assessor to determine the value of the van immediately prior to the "accident". It's probably different if you want Agreed Value, but if you want Market Value, then your interpretation of market value will most likely differ widely from an assessor's point of view. In other words, don't kid yourself that your van is worth more than what the market would pay for it. Doesn't matter that you've spent 12 months and $10,000 on restoring it...if you've gone market value then you get market value. Ask any of us who have restored a van and then sold it. Did we get back the total value of what we spent on it? No way!  cheers, Al. |
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Post by greedy53 on Apr 5, 2013 16:39:30 GMT 10
i use shannons and have never had a problem ,even with over the phone estarmatons or a email pic
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Post by guest on Apr 5, 2013 18:42:03 GMT 10
  Greedy You might be with shannons mate .......but you can only use your caravan van for forum or car club events......read the small print in the booklet Guest
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Post by Deleted on Apr 6, 2013 1:07:57 GMT 10
Gio with mine for an agreed value ,but part of that was the price for the annex
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Post by Deleted on Apr 6, 2013 9:28:56 GMT 10
Thank you all for your replies. We will give GIO a buzz and let you know how we get on.
Regards Simon & Christina
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Post by greedy53 on Apr 6, 2013 19:17:54 GMT 10
i am with shannens for my reo my, pajero my teardrop my kombi and 77 viscount and i can tell you none are anchored to any short time use some are on historic some are not ,we are go to darwin with my 77 viscount,i asked the rta about the trip and was tolled i can. but no more than 8000 klm a year and with club santionfor insurance as with Shannons also for the same reason
hope this will put some minds at rest
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