famous

May I bring your attention to part of our policy wording: GENERAL EXCLUSIONS This policy does not cover: 3. loss, damage or liability and/or compensation for damage caused whilst any motor vehicle is being driven by or is in charge of any person; (d ) who is charged with driving in an unlawful manner, resulting in loss or damage to the Insured Vehicle/s or any Third Party property. AS you can see negligent driving can fall under this category. It all comes down to the situation-people bump into each other all the time. However, 90% of our claims result from similar scenarios to the GTR, hence the reason we pay out so much in claims, which is also the reason why your premiums are so high. If we decline people that obviously don't take care of their vehicles, or as some of you put it, 'drive like a tool' we can reduce our payouts, therefor reducing your premiums.

Many insurance companies have clauses where they can decline claims, or void your insurance from inception( as though your policy never existed). If you read the ozhonda forum, you would notice the driver was charged with neg driving, which is more than enough to void his insurance

Famous would like to announce that we are now insuring young drivers again in all states. Also, in the near future we will be posting some reports on the claims we have been receiving, so everyone can get an idea as to why we charge the premiums and excesses we do. If you wish to obtain a quote, please visit our website at www.famousinsurance.com.au and complete an online quote.

Ian, you suggest we could "pack up & not pay" if claims blow out due to a hailstorm, etc. This is a risk covered by Re-Insurance, and in any event, $4 million paid in claims during the last 12 months hardly represents a "few claims" and we are still here!! As for the Potts review, we regard that as an endorsement of our credentials! It is most welcome because it will rid the industry of unscrupolous companies set up with no financial background, structure or expertise-weed out the cowboys! Companies like ours represent legitimate off shore insurers who are regulated in full in their own juristiction will flourish. Don't forget. Just because a company is not regulated in Australia, it doesn't mean it is completely unregulated. Trustworthy juristictions have extreamly active regulatory powers!! Regards Famous

Ian, you suggest we could "pack up & not pay" if claims blow out due to a hailstorm, etc. This is a risk covered by Re-Insurance, and in any event, $4 million paid in claims during the last 12 months hardly represents a "few claims" and we are still here!! As for the Potts review, we regard that as an endorsement of our credentials! It is most welcome because it will rid the industry of unscrupolous companies set up with no financial background, structure or expertise-weed out the cowboys! Companies like ours represent legitimate off shore insurers who are regulated in full in their own juristiction will flourish. Don't forget. Just because a company is not regulated in Australia, it doesn't mean it is completely unregulated. Trustworthy juristictions have extreamly active regulatory powers!! Regards Famous

AXA takes over any single claim at $75,000. If it is a multiple claim (catastrophe-flood, bushfire, hail, etc) they take over at $225,000.

AXA'S name, by definition of re-insurers articles, is not permitted to be shown on our paper work.

We don't mind educated debate, however we do not appreciate it being suggested things are not what they seem when the opposite is true. Our reinsurer is AXA, a company well known to most Aussies. Heritage is governed by U.K. laws but AXA is regulated by Australian Juristictions. Famous/Heritage has maximum exposure of $225,000 in any one accident or catastrophe-we HAVE paid out over $3,000,000 in claims!!!!! Talk to us!!

Smothline's posting shows the folly of not getting your facts right! His/Her reply is a blatantly ill informed and ignorant opinion. He/She should read all the disclosure statements and the Offshore Declarations that can be found on all our paperwork. If he/she persists with this line, we will find out who he/she is and take legal action against him/her and the website.

After another review of the various forums regarding insurance, it is sad to see that so many members who are considering getting insurance, or already have insurance through us, are still posting uninformed comments or continue to be mislead about certain aspects of our company. This thread is not here for us to sell our business, but more to state the facts about our company and answer the various questions you may have about Famous Insurance, or insurance in general. Once again, here is some general information about famous insurance: Established in 1982 initially insuring classic, vintage & veteran cars in WA Started insuring imports in September 2002 The total value of all cars insured with us exceeds over $300 million dollars In regards to claims, we have paid claims totaling $3 million dollars. The majority of these claims are single vehicle accidents, where people have lost controls in bends and hit trees, etc. Heritage is the largest insurer of leaner driving school cars in Australia Our premiums are flexible to move with marker forces. Famous runs a business, not a social club. Unfortunately we are unable to please every 20 year old who calls up for an insurance quote, nor can we refuse to take a business when we think the person would be an excellent risk, regardless of their age. Every client is different and we take everything into account including post codes, as well as the attitude of the client, etc Our policy has choice of repairer as a standard benefit. NCB protection is also standard, as long as proof was sent at the time of application. If there was no proof received we are unable to show your NCB on renewal. It amazes us at famous that every 19/20 year old has 50% or maximum NCB when it takes five years of full comprehensive insurance in your own name to achieve this. Famous has motor vehicle assesor's in every state so all claims are handled by local experienced people, and all claims are handled in the local office here in WA. We have also found many of you are still concerned about our underwriter, Heritage motor vehicle insurance, so we have also included some information about them; Famous Classic Car Insurance acts as an agent for Heitage motor vehicle insurance. As such famous must conduct its business the same as any other agent or broker under the Australian trades practices act, along with the New Financial Service Reform Act. Heritage is a fully registered authorised insurance company in the UK Channel Islands (Guersney), using the same insurance laws as the UK. Just think, if there were no companies like Heritage, where would the competition be for the other insurers? On average Famous was deducting competitors premiums by $1000-$2000. Without Heritage, imported car owners would be back to paying $4000 or more for insurance. Heritage has driven the prices down, not up! Famous Classic Car Insurance is considering taking legal action against any person who makes a defamatory comment on the skyline web forum. Most of the comments are coming from people who do not understand what an offshore insurer is, nor the fact that Heritage has a 100% reinsurance program through an Australian re-insurance company.

Well you Skyliners, we at Famous, who have happily paid out millions of dollars in claims sin July 2002 when we entered the market, are extreamly annoyed and disappointed to read some of your comments regarding our service. Because we provide a personal service we recognise which user names apply to our clients. Brian N, we know that the full picture is not being presented, don’t we? The remarks being made are anonymous, you don’t have the courage to identify yourselves and are usually made in ignorance or without full possession of the facts. A lot of you think we are fair game and distort facts to suite your own agenda’s. We are sick of being accused of being happy as s*!t when taking monthly payments. This is a service we provide and if it makes you sick, don’t use it! The relationship we look for with our clients is mutual respect, not master servant. If you cant handle that, perhaps Famous is not the place to insure your cars. You should realise you are driving vehicles that have certain difficulties when it comes to insurance and its in your best interests to work with us, forget all these smart a***d comments and build relationships that benefit all of us. Larry Tyler Managing Director

No, because you pay it off over ten months

************SPECIAL OFFER FROM FAMOUS************** When you receive you renewal. call famous and we will match you renewal and you can pay monthly for no extra charge ie. renewal is $2000 from competitor monthly paymentswill be $200 per month for ten months CALL US ON 1300 88 60 29 FAX NO: 1300 306 226 If there is a positive response, we may consider again for future months.