Pinkish Pruple GTR crashed?

[Merli]

But if you're convicted of a criminal offense (ie. DUI, ignoring sirens, driving while in commission of a crime), the insurance company will not pay up.

Yeah, that's what I figured.

So all these threads and people saying "HAHA! You're insurance company isn't going to pay out because you're an idiot" are wrong. I mean..... That's what insurance is for isn't it...

For those "Oh look I'm an idiot" moments :Bang:

[famous]

Just a question...

I keep hearing people saying this when threads like this pop up... But why would insurance invalidate his insurance? Surely speeding on the roads and losing control of the car is the cause of many many accidents? Even if he was "street racing" or whatever, surely his insurance would still hold true?

I thought the only reason your insurance could be rendered null & void is if you were under the influence of drugs or alcohol?

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

[Blitz]

You can be charged with neg driving if you rear end someone and your car is undrivable as a result. Does this mean if you ran up the back of someone there is a chance that your insurance could be rendered as void? Doesnt sound right to me

[famous]

You can be charged with neg driving if you rear end someone and your car is undrivable as a result. Does this mean if you ran up the back of someone there is a chance that your insurance could be rendered as void? Doesnt sound right to me

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.

[The Jake]

Hopefully nobody was hurt, but nothing excuses the fact that some obviously stupid driving was behind this one.

I don't anyone would be stupid enough to own up to this one.

- J.

[gaki]

Poor tree. Hope it's alright.

[Duncan]

Odd. I have had 2 claims paid when I was charged with Neg Driving over the years. Total claims >$50k

[Merli]

Odd.  I have had 2 claims paid when I was charged with Neg Driving over the years.  Total claims >$50k

Exactly... I've never heard of anyone having their claim rejected because of any reason other than DUI.

Going on what famous said though, I wonder if there was a market for really cheap insurance that will DEFINITELY NOT pay out if you are involved in an accident and the police report deems you to have broken ANY road rules?

That would reduce $3000 premiums to something more like $500? Hmmmmmmmm....

[shonen]

Merlis Insurance Co.........hmmmm

where do I sign ??????

[lwells]

Exactly... I've never heard of anyone having their claim rejected because of any reason other than DUI.

Going on what famous said though, I wonder if there was a market for really cheap insurance that will DEFINITELY NOT pay out if you are involved in an accident and the police report deems you to have broken ANY road rules?  

That would reduce $3000 premiums to something more like $500? Hmmmmmmmm....

I imagine that they are required to cover certain accidents by legislation, so they may not have a choice.

LW.

[T0nyGTSt]

I imagine that they are required to cover certain accidents by legislation, so they may not have a choice.

Lucien is on the money.

Rather our insurance council operates in similar ways to the RBA... your underwriting company must have sufficent liquidity and re-insurance to cover liabilities.

Also insurance policies have to cover in many eventualities that may not be coverable if it were up to the insurance company itself.

I know the company I used to work for had to cover huge liabilities because that's what the police record showed - not what happening in reality. And there's no appeal to this process because you're dealing with peoples' livelihoods here.

On a practical side. How does one acertain that someone was doing 75 in a 60 zone and that was what caused the accident? There are too many variables so much so that one cannot be absolutely certain what speed the accident happened at.

Also how would you feel is you were in an accident caused by simple mistakes but you were denied coverage?

I make mistakes. Insurance isn't for people who don't make mistakes!

The only 'new' market in insurance is that Budget Direct mob who will only insure if you're a 35y.o. female on the North Shore driving a Camry with a virgin record.

T.