Got a Question about insurance

[supra]

Hi ALL!

I have a question that some of you may be able to answer stragiht off.

I will be straight to the point.

Person under 25, very high premiums for comprehensive insurance.

Parents are like 50y.o. with 60% no claim bonus.

Premiums for parents drop to $1200 instead of $3000-$4000

Parents take out policy.

Young person not listed as a dialy driver. (if he/she was listed, there no point telling the parents to take out policy in the first place!)

Car gets stolen after it was driven to the shop or where ever BY the young person. Is the car covered?

That's my question, not asking about what if its in an accident, purely about car theft.

Thank you to those that can help!

[knore]

Hmm i was thinking about this awhile ago,

Logically, when someone takes out Full Comprehensive insurance on their car, it doesnt matter who or what damages it.. if the excess is payed.. the car is fixed

So in theory,

Insure under parents, you drive, if you crash/damage, give parents the money for excess.. they pay and car is fixed

only thing is, registration information wont match the insurance information for owner/driver etc

Comprehensive has lots of loop holes but what ive said above sound too good to be true.

I drive my dads VT alot and he said if anything happens then im paying for it... didnt say i cant drive cos he wont be covered, and he knows his insurance,

Any first hand expierences people?

[supra]

thanks knore for your reply, but as i said, i am not asking about smashing, totally abour car theft.

any one?

[chaos]

well i would assume if your not listed as a driver they wouldnt cover it

[knore]

Yeah well theft is basically the same.. u need to make a claim

Hmm, ide love to find out the truth about this

because the terms of Full Comprehensive is that the client's car is covered no matter what, that what they pay for, generally it doesnt matter whos driving, if the person who is paying for insurance's car is damages etc then its covered..

besides where the law is broken etc IE drink driving.. or person driving unlicenced

[akeenan]

im under the impression that if your not listed and you take it out no matter what happens the car wont be covered as the driver isnt on the policy. But my question is whos going to prove that you were driving it before it was stolen! ... anyways thats my 2 cents

[clarkey]

I would imagine that you would be covered. Who can prove who drove the car to where it was stolen?

Alan

[Shell]

*some* insurance companies cover unlisted drivers, as long as they only drive the car XX times a year... i think

soooo...what i mean is, it might be covered...BUT they might do an investigation (with neighbours etc) to make sure you only drove it XX times a year, and if they find out you drove it a lot more than that, they might not pay out...whether it was theft, a prang, whatever..

I'd have a read of your parents policy booklet

[butthead]

if you're the registered owner of the car & your parents hold the insurance policy, you are'nt covered, but if the car is registered under your parents name no probs, even if your not listed.

[Kinks]

AAMI require occasional drivers to be listed, for the pulsar. No effect on premiums but obviously occasional driver has a limit to how often you can drive it.

If you were driving and it was damaged, the insurance company could definitely knock it back. If your parents claim for theft damage and say they parked it at the shops and it was broken into it might be ok.

knore, when you claim on insurance the company asks how the car was damaged. If your parents say they crashed it, they get a blot on their driving record for 5 years. If they say you crashed it, the insurance co says "hahahahaa, ok bye". it's not a simple matter of dodging the system, if the insurance co finds out they'll refuse to pay the claim and that'll be that. They're a business after all, not a charity. If your suggestion works consider yourself lucky!

[knore]

hehe well between you and me it has worked so i must be lucky

that was on my parents car though, not mine

3rd party fire and theft is about $850 for ECR33 94' GTSt @ $19,000

im awaiting my comprehensive price, im estimating around $3500

im 19 :|

This is with Just cars btw

[supra]

you are very lucky they offer 3rd party fire and theft up thre at brisneyland! JCI doesn't provide that in NSW!

Any body know if there are any other company that would offer 3rd party + theft? and would cover the cost of the car? like, normally, they only cover up to a maximum of $4000 no matter what the car is worth!

[supra]

any body?

[red900ss]

afaik no companies offer Thrid party, Fire and Theft in NSW.

[supra]

damnz

[P1E]

If the car is insured in your parents' names and you drive it, park it and have it stolen, then the car isn't covered at all.