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27-05-2011, 09:28 PM | #31 | |||
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however shouldnt the amount taken by the insurance company match what the govt returns, not what the full value of the rego is? eg, a member on another forum recently wrote of his xr8, had paid for 12 months rego one month prior to accident, the govt return on rego was just $400. so it has effectively cost him $600 for one months rego. so while the insurance company would take out $8-900 as the rego value, the insured will get considerably less than that back upon cashing in the rego. |
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27-05-2011, 09:31 PM | #32 | |||
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But it gives you something to think about doesn't it? I was unlucky the whole way around the merry go round. I got bent over the barrel every which way. This whole experience has made me think now. My cousin has a beautiful ford XC coupe. And it made him think too. I will now basically insure my car for more. If I get another AU or BA... and it's worth $7k, I will insure it for $8500 That way... if I just paid the rego and insurance...and god forbid I have another accident (touch wood) then at least I know I will get 7k for it, after they take out the premium, excess and rego = $1500 or so dollars By the way...I am 38 yo and never ever had an accident in my life and I am a rating one...so I think I have done pretty well to stay safe. |
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27-05-2011, 09:33 PM | #33 | ||||
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it seems it was the remaining part of the rego the original poster was no doubt a little unlucky with the timing. to lose virtually a year of rego and insurance is a kick in the teeth |
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27-05-2011, 09:38 PM | #34 | |||
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Confusing |
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27-05-2011, 09:41 PM | #35 | |||
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I am still feelin it too. Anyway..All I would like out of this is.. 1. I learn from it and insure my car for $1500 over what it is worth agreed value. 2. I get you guys thinking if your pride and joy is insured for the correct amount and make sure you get what you want and need from the insurance company on final payout to buy a new car. without having to fork out another $1500 if you are as unlucky with timing as me. I keep thinking to myself... why couldn't I have had the accident... 11 months AFTER I paid the rego and insurance. Or even not at all. **** happens hey. |
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27-05-2011, 09:43 PM | #36 | |||
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And that rego is worth $500 You can cash this in and get the $500 However, the insurance company takes that $500 from your final payout figure. Hope that is understandable... |
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27-05-2011, 09:44 PM | #37 | |||
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27-05-2011, 09:45 PM | #38 | ||
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increasing your agreed value to hedge against it may backfire too, with increased premiums...
moral of the story? dont tailgate... |
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27-05-2011, 09:47 PM | #39 | |||
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I think I will go and get drunk now and drown my sorrows. At least I still have my legs, arms and head. |
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27-05-2011, 09:50 PM | #40 | |||
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Spot on mate. Like I said.. I have learnt from this whole situation.. And just for the record, I wasn't tailgating as we were only doing about 30k an hour..it's just that you don't expect some idiot to stop dead and lock them up to grab a parking spot. But point well taken... I now have to stay extra far away because there are idiots like this on the road. |
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27-05-2011, 09:50 PM | #41 | |||
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as for who is better off with the policy, it all works out the same in the end. whether you paid the policy in full or monthly and however long you had been paying for, the policy is now finished as the vehicle that was insured is written off, that's why you need a new policy for a new car. i'd definitely be querying about getting the remaining rego back tho. |
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27-05-2011, 09:56 PM | #42 | |||
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27-05-2011, 09:59 PM | #43 | |||
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I hope I haven't confused anyone on this. I am not that good at expressing myself when I have had a few beers. Basically, that is what happened. The insurance company let vic roads (RTA) know about the write off. The insurance company sent me a voucher for the rego for $500 odd dollars to cash in at vic roads. However, they also reduced my payout by $500 odd dollars. It was just bad timing as I had 11 mths rego left. So, I thought I would get $6000 less excess and premium = $4950 Then I thought to myself...ok I have got $4950. I will go and cash the rego in and I will have $5450 But I only got about $4300 from the insurance company because they calculated what refund I would get from Vic Roads and reduced that amount on my payout, in the end I ended up with $4800 instead of the $5450 I thought I would have. that is $600 or so less than what I thought I would get. |
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27-05-2011, 10:03 PM | #44 | ||
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I don't understand, you are the one who crashed an everyone around you is the idiot?
Obviously you didn't keep a sufficient gap in front of you to avoid someone emergency stopping, would you have felt better if they avoided a child running out? And then the person who t boned you, why the hell would they expect someone to swerve into their path on the wrong side of the road? You probably also deserve a ticket from the Police to top it off!
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27-05-2011, 10:09 PM | #45 | |||
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27-05-2011, 10:09 PM | #46 | ||
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Hey Max,
Settle dude..gees. 1. The guy who smashed into me was SPEEDING. You don't write off a car doing 30k an hour do you? He was doing like 70k around a sweeping corner. Even the repair guys who took my car said that he had to of been speeding because he caused so much damage. 2. If a child ran out on the road...then I would have thought to myself... thank god it was me and not the kid. However, the stupid ***** locked them up to get a damn parking spot before some other person got it. Also, when you are in an accident...things happen in a split of a second and you have to make a split second decision sometimes. No matter where you are on the road. Yes, they are idiots because one of them was breaking the law and one of them locked them up to get a parking spot of all things...not to avoid a child. |
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27-05-2011, 10:15 PM | #47 | |||
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27-05-2011, 10:16 PM | #48 | |||
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Paid for a full years worth of insurance with AAMI for around $2300, a few weeks later I total the car in a not at fault accident, because the car is written off, they "don't have any obligations to refund the premium" and they keep the refund from the rego which was 11 months worth. So all up it cost me $2300 + rego refund + few weeks with no car + $1779 for another insurance policy on the new car + CD #3 of my floor fillers disco CD that was in the player and my floor mats. Oh yeah, and my glasses are screwed when the airbag hit me, so I'm up for another $400 for those. Not bad, cost me nearly $4500 because someone accidentally had the steering wheel turned the wrong way and punched the accelerator to show off. At least I got the last frozen white 6sp manual TDCI LV MKI Focus left in Australia, exactly the same as my previous one. |
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27-05-2011, 10:19 PM | #49 | |||
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everyone was traveling the same direction on a 2 lane road. That is why the guy hit me... because I swerved and his front T'Boned me between the drivers door and passenger door. |
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27-05-2011, 10:36 PM | #50 | ||
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If I had written off my car, it would be nice to cash in as much as possible but I accept the rego is part of the car they have effectively just bought. Has been said... crap timing.
I've been reading the NRMA's Comprehensive PDS. They deduct the same. What I find interesting; if your car is written off and you are eligible for a new replacement vehicle, they also pay for 12 months rego and CTP. |
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27-05-2011, 10:41 PM | #51 | |||
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If the car is less than 2 years old and has less than 30,000 ks on the clock..they will replace it with a new car and 12 months reg. as long as it is in good cond. I just hope none of you have to go through what I have gone through. Just make sure you have your pride and joy insured for what you want to get to replace it. May your pride and joys stay safe and may you all stay alive.. even though there are some real morons on the road. |
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27-05-2011, 10:43 PM | #52 | |||
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on the other hand, you may have actually been better off rear ending the beamer. from what i understand and from reading a thread on here recently, if someone brakes heavily / stops suddenly in front of you with no good reason (apparently even braking for an animal isn't a good enough reason) they are liable for an accident if rear ended. but i guess hind sight is a great thing to have... |
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27-05-2011, 10:44 PM | #53 | |||
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If the worse that is happened is that you are $2000 out of pocket, then you've got out of it very lightly. Insurance is just protecting yourself from a total loss, coming out square or on hardly ever happens, and even if you end up on top, you've still got time ahead of you trying to find a car to replace the one you've just lost. If you were only doing 30km/h and got caught out by the vehicle in front braking hard, then even if you hit the brakes late, you'd possibly only have hit the car in front at 0-15km/h, but you chose to swerve into a lane where you had no clue what traffic was in it? Luckly you didnt take out a motorcyclist or have the car in the right land do what you did and swerve to the other sie of the road. Sounds like you not only were you not concentrating on what was in front of you, but you were also unware of traffic behind/around you and hadnt done a mirror check for some time. Why is it when anyone rear ends someone that they always attribute blame to the vehicle in front? the average driver follows to close, its not a matter of if they will rear end someone, just when. Last edited by sudszy; 27-05-2011 at 10:53 PM. |
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27-05-2011, 10:48 PM | #54 | |||
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I should have just hit the car in front at 10 to 15km or so. Again, split second decision. It's all good to think about it while writing it...but in the moment..it happens in an instant. |
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27-05-2011, 10:51 PM | #55 | |||
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27-05-2011, 10:57 PM | #56 | |||
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I can understand your reasoning..but sometimes it just does not happen that way. You are talking about a split second reaction time. I was obviously far enough away to swerve and miss yes? There was a truck behind me and the guy that hit me was not there when I checked in my side mirror and then all of a sudden he was there, I think he came from behind the truck to overtake and was going pretty damn quick(RE: He was Speeding) but I only had a split second to think. You can not really critisize me when you were not there. I understand what you mean though. Hey, I take responsibility for not being 1 more car length behind... but the fact still remains...you don't expect some friggin idiot to stop dead in their tracks for a damn car park...that is just dangerous and eratic driving that can get someone killed. You also don't expect a young bloke speeding around a corner while overtaking a truck..but hey..there he was. Also, how is swerving to avoid an accident dangerous driving. You have a split second to react. In hind sight, I should have just locked them up and I would just have hit her at 10k or so... but when you see a brand new BMW in front of you... you knda try to miss it if you can... Yes, was my fault legally... but if the other 2 had not have been driving eratticly and speeding...it would bnever have happened. Thank god a child or person was not hurt... That is the main thing. Last edited by vispix; 27-05-2011 at 11:03 PM. |
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27-05-2011, 11:04 PM | #57 | |||
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Rego has left me $600 behind, for 1 month, and then the fact that 6 months ago, when I was unemployed, 3rd party was a stretch. Due to this I couldn't afford $1.5k for full comp, so rather than be completely uninsured, 3rd party, at $370, was the option. Since the accident, I have been made aware of another option from another forum member involved in underwriting, but due to the actions I had taken, I am unable to make such claims. Do not trust anything that is said by anyone who does not have first hand experience.
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27-05-2011, 11:05 PM | #58 | ||
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vispix, while I feel your frustration, with your line of defence (and/or justification) I hope you have a good flame suit.
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27-05-2011, 11:12 PM | #59 | ||||
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Last edited by sudszy; 27-05-2011 at 11:25 PM. |
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27-05-2011, 11:15 PM | #60 | |||
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anyway, they were idiots for driving like stupid friggin morons and I should have been 3 car lengths behind and not 2..for 30kmh. Once bitten, twice shy. |
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