Yes I know that there is most likely a stream for this subject elsewhere, but I found this, the following, very interesting.
3 years when I bought my van from a man in Victoria, I arranged my Insurance thru GIO in NSW, me being from Sydney. (please don't hold that against me)....
It was due for renewal this week so I shopped around for a better deal.
GIO offered $23,000 coverage for $335 premium, includes $1k contents and for touring around.
NRMA offered same cover for $409, but $1500 contents, and included driver assist, breakdown etc,,, which I get anyway being a member.
CIL offered the same coverage for $481.34.
The most interesting aspect of this story to me is;
AAI Limited trading as Vero Insurance,
AAI Limited trading as GIO
AAI Limited trading as CIL Insurance.
It is always nice to know who is in bed with who.
CIL quoted me $150 more than GIO for the same cover. Yes, I do have other policies with GIO, which may have resulted in my lower premium with them.
So it might be worth checking when you turn comes around.
Cheers, and all good health and fortunes for 2015. KB
It is wise to always remember ... it is the POLICY that is important .... NOT the price.
The policy MUST cover your lifestyle and the items you want covered that you utilise in THAT lifestyle - and to the value that is representative of those items ... particularly what is the 'replacement' value should you claim.
Read the EXCLUSIONS more carefully than those items they tell you that are covered.
Additionally, the 'stature' of the insurer, and the underwriter, is critical. Your insurance, hopefully, will never be called upon. But if you do need to call upon it, it needs to be to an insurer who has a good claims history - response, repair and follow-up/guarantee.
It is always prudent to 'shop around' before renewal, but READ the Product Disclosure Documents AND the policy EXCLUSIONS - carefully and more than once.
Compare those documents with your HEAD not your pocket.
Cheers - John
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2006 Discovery 3 TDV6 SE Auto - 2008 23ft Golden Eagle Hunter Some people feel the rain - the others just get wet - Bob Dylan
When we were looking I ended up going for CIL as I felt their cover was better for us, particularly in regard to what they cover if your van is damaged a long way from home in the way of accommodation and travel costs and allowances for the van to be shipped home to you or to cover you to go pick it up.
We have only made one claim, and that was able to be fixed after we were home, but CIL was very good to deal with and paid up promptly.
every year just prior to renewal of Van or Tug comprehensive insurance i research on line and as suggested I look at what they cover in the policy not just the price and have learnt there is very little difference between the major long term companies like NRMA, GIO and CIL but there is significant difference in price
I have also in the last two years discovered that my insurance provider offers an extra discount to people who take out new policies rather than renew so on the day the policy is due to finish I cancel and then take out a new policy saving around $50 each time which is much more valuable in my pocket.
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Life was meant to be enjoyed Australia was meant to be explored
Happily doing both to the Max.
Life is like a camera, focus on what's important & you will capture it every Time
I went with Youi about half the price of CIL and the policy is the same Ken
Just checked the Youi Caravan Policy and it says
"Under Comprehensive or Third Party, Fire and Theft cover, we pay for the reasonable cost of emergency accommodation, transport or storage, or emergency repairs to the caravan after an insured event which occurred more than 100 kilometres from the place where it is usually kept, and where you could no longer safely use the caravan. You need to arrange the emergency accommodation, transport or repairs and we will reimburse you for costs incurred. The most we will pay for each claim, before excess, is $1,000"
$1000 won't go far in returning you or your caravan home if you are interstate. CIL covers up to $2000 in emergency accommodation and up to $5000 in costs for you to travel to recover your caravan or for it to be transported to your home.
