If I get hit by someone (i.e. I'm not at fault) and my car is written off, do I get paid out for my mods (e.g. intake, sound system) or any valuables in my car which are damaged as a result (e.g. laptop)? Or am I strictly limited to whatever is covered by my comprehensive insurance policy?
I was just thinking about this today... for those who don't have CTP, but are involved in an accident which is not their fault, then what?
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Insurance question- what happens if I'm not at fault?
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Insurance question- what happens if I'm not at fault?
"A man who stands for nothing, falls for anything."
Everyone needs CTP. This covers medial expenses for occupants of a car which is involved in an accident. This includes people in all cars if you are deemed at fault.
Comprehensive insurance is a different kettle of fish.
If you are not at fault and your car is a total loss (write off), then you will be paid out for the dollar value your car is insured for. You should list any mods on your policy and incorporate the value of said mods into your agreed value. It depends on the insurance company as to whether they will insure the mods.
Valuables are different again, and you would need to consult your Insurance Company for further information as to what amount you are covered for. Most Insurance Companies cover for around $300 which is nothing really.
Comprehensive insurance is a different kettle of fish.
If you are not at fault and your car is a total loss (write off), then you will be paid out for the dollar value your car is insured for. You should list any mods on your policy and incorporate the value of said mods into your agreed value. It depends on the insurance company as to whether they will insure the mods.
Valuables are different again, and you would need to consult your Insurance Company for further information as to what amount you are covered for. Most Insurance Companies cover for around $300 which is nothing really.
Every comprehensive policy I've had has excluded possessions within the car. Things such as Third Party Property cover you for up to $20m of damage to property, though, so I think you may have some level of cover there.
If your mods are stated on the policy as being included they will be included... otherwise I think you're out of luck. I've had mods specifically stated on policies before which were listed as covered and the policies stated that anything not listed would not be covered.
Edit: had written CTP rather than third party property. :S
If your mods are stated on the policy as being included they will be included... otherwise I think you're out of luck. I've had mods specifically stated on policies before which were listed as covered and the policies stated that anything not listed would not be covered.
Edit: had written CTP rather than third party property. :S
Last edited by Jim G on Sun May 30, 2010 11:49 pm, edited 1 time in total.
Jim G wrote:Every comprehensive policy I've had has excluded possessions within the car. Things such as CTP cover you for up to $20m of damage to property, though, so I think you may have some level of cover there.
If your mods are stated on the policy as being included they will be included... otherwise I think you're out of luck. I've had mods specifically stated on policies before which were listed as covered and the policies stated that anything not listed would not be covered.
It is a bit different now. NRMA now do not list mods now. Their only requirement is that the mods are approved by the RTA.
CTP (Compulsory Third Party) Does not cover belongings etc etc. It is purely to cover medical expenses etc for people who are involved in the accident.
Some insurance companies cover belongings, some don't. It is a question to ask the Insurance Company.
I suppose the reason why I'm confused is if someone hits your car and it's absolutely not your fault, why can't you (essentially) get them to pay you for all the damage they've done. It doesn't matter whether you're insured or not because at the end of the day, they've caused an action against you.
But then maybe the way the car insurance industry works is different to common sense :S
But then maybe the way the car insurance industry works is different to common sense :S
"A man who stands for nothing, falls for anything."
Insurance is a very long story.
a)CTP(Compulsory Third Paty) is what you get before you register a car. As stated by others, it is there to cover people bring injured. If someone is driving an unregistered car, there is bit more of a problem if you personally get injured and it is not your fault. Some CTPs cover you too (to cover the unrefistered/not CTPed car event)
b) Third party (fire and theft is sometimes added) covers things (other than people) you hit,, say that rolls royce or that mansion. If you are driving a bomb where you are happy to lose your car but cannot make the payments on someone else's $300,000 car, then well worth the spend!
c) Comprehensive means covering your car and the third party, in particular if you are at fault. You would be mad not to have comprehensive insurance unless you are rich enough to simply incur the loss of one car, and walk out the next day an afford another. Not many of us are in that position! Normally it is what you have in/on your comprehensive policy that is covered...let you insurance company work out how to recover your loss. Not all comprehensive policies cover the same things, such as mods. Need to read the fine print.
The "at fault" bit is a broad definition too. If you re not at fault, you might not have to pay an excess if you car is written off, but you might not get a refund of the remaining premium either! You pay a new annual fee for insurance. There is an upside of "pay by the month"
Now "acts of god" like a flood or a hail storm...you might well be "at fault" under some policies if you claim.
If you are hit by an uninsured driver, generally if you can nominate who, you are "not at fault". When you come back and the whole side of your car has been swiped by another...if you cannot nominate the driver or the rego of the atfault vehicle, then you probably are going to be claiming and being "at fault". Some insurers are better than others, some allow acts of god, some do not.
In short, read those product disclosure statements as there are plenty of variations on the comprehensive insurance theme.
a)CTP(Compulsory Third Paty) is what you get before you register a car. As stated by others, it is there to cover people bring injured. If someone is driving an unregistered car, there is bit more of a problem if you personally get injured and it is not your fault. Some CTPs cover you too (to cover the unrefistered/not CTPed car event)
b) Third party (fire and theft is sometimes added) covers things (other than people) you hit,, say that rolls royce or that mansion. If you are driving a bomb where you are happy to lose your car but cannot make the payments on someone else's $300,000 car, then well worth the spend!
c) Comprehensive means covering your car and the third party, in particular if you are at fault. You would be mad not to have comprehensive insurance unless you are rich enough to simply incur the loss of one car, and walk out the next day an afford another. Not many of us are in that position! Normally it is what you have in/on your comprehensive policy that is covered...let you insurance company work out how to recover your loss. Not all comprehensive policies cover the same things, such as mods. Need to read the fine print.
The "at fault" bit is a broad definition too. If you re not at fault, you might not have to pay an excess if you car is written off, but you might not get a refund of the remaining premium either! You pay a new annual fee for insurance. There is an upside of "pay by the month"
Now "acts of god" like a flood or a hail storm...you might well be "at fault" under some policies if you claim.
If you are hit by an uninsured driver, generally if you can nominate who, you are "not at fault". When you come back and the whole side of your car has been swiped by another...if you cannot nominate the driver or the rego of the atfault vehicle, then you probably are going to be claiming and being "at fault". Some insurers are better than others, some allow acts of god, some do not.
In short, read those product disclosure statements as there are plenty of variations on the comprehensive insurance theme.
CJ RA. Stock!
BeHaV3 wrote:Insurance is a very long story.
a)CTP(Compulsory Third Paty) is what you get before you register a car. As stated by others, it is there to cover people bring injured. If someone is driving an unregistered car, there is bit more of a problem if you personally get injured and it is not your fault. Some CTPs cover you too (to cover the unrefistered/not CTPed car event)
b) Third party (fire and theft is sometimes added) covers things (other than people) you hit,, say that rolls royce or that mansion. If you are driving a bomb where you are happy to lose your car but cannot make the payments on someone else's $300,000 car, then well worth the spend!
c) Comprehensive means covering your car and the third party, in particular if you are at fault. You would be mad not to have comprehensive insurance unless you are rich enough to simply incur the loss of one car, and walk out the next day an afford another. Not many of us are in that position! Normally it is what you have in/on your comprehensive policy that is covered...let you insurance company work out how to recover your loss. Not all comprehensive policies cover the same things, such as mods. Need to read the fine print.
The "at fault" bit is a broad definition too. If you re not at fault, you might not have to pay an excess if you car is written off, but you might not get a refund of the remaining premium either! You pay a new annual fee for insurance. There is an upside of "pay by the month"
Now "acts of god" like a flood or a hail storm...you might well be "at fault" under some policies if you claim.
If you are hit by an uninsured driver, generally if you can nominate who, you are "not at fault". When you come back and the whole side of your car has been swiped by another...if you cannot nominate the driver or the rego of the atfault vehicle, then you probably are going to be claiming and being "at fault". Some insurers are better than others, some allow acts of god, some do not.
In short, read those product disclosure statements as there are plenty of variations on the comprehensive insurance theme.
Thanks for that. I'm currently contemplating whether or not I want to pay an extra $50-100 a year, to cover my $2k sound system + intake. Sounds like it's worth it.
"A man who stands for nothing, falls for anything."
previous car was written off by another driver the place where it was towed to let us go in their the next work morning before the insurance assessor came to remove our stereo which and replace it with the stock stuff. Even though it was listed on the policy (but when they asked if we wanted to up the total cover value for for the car with the stereo included we said no), no question was ever asked about why there was no stereo in the car and NRMA (my car and the other peoples car was also insured with them) paid out the full agreed value of the policy. Also my brother's phone had it's screen broken from the door caving in a bit and NRMA also paid him for a new one.
All in all we had a pretty good experience with NRMA.
Whatever way you go though you're always gonna come accross some dud insurance assessors with any company, but when it comes to insurance personally I feel you're generally gonna be better off sticking with one of the bigger well known companies, rather than one of the littl companies....
All in all we had a pretty good experience with NRMA.
Whatever way you go though you're always gonna come accross some dud insurance assessors with any company, but when it comes to insurance personally I feel you're generally gonna be better off sticking with one of the bigger well known companies, rather than one of the littl companies....
It all depends on insurance company. If your car is written off regardless of who was at fault you either get payout or a replacement car. Some insurers wont cover any personal items or only up to a certain amount. Medical costs thats something different all together. If any medical incidents happened as a result of an accident then the costs will be covered for.
Mods however, if they are not on your policy then tough luck. In the event of a write off, your insurer will do best they can to replace your car exactly how you had it, if any mods were listed even those will be put onto replacement. If not, you get reimbursed for said amount insured for (x part you listed as 400, you get money back as reimbursment). If insurer cant give you the exact same car back, they will offer you a pay-out.
Also depends how long you have had the policy for. If under a year, you may not get the pay-out option and insurer will replace car with the exact same car. Same spec, same accessories and mods. Some you have to be specific if certain parts are mods as if there is a factory equivalent you will get that instead of what you actually had on the car. My spoiler on #1 was a competition grade drift wing, it was listed on the policy but when time came to replace the car I was given a car with a VRX spoiler.
Mods however, if they are not on your policy then tough luck. In the event of a write off, your insurer will do best they can to replace your car exactly how you had it, if any mods were listed even those will be put onto replacement. If not, you get reimbursed for said amount insured for (x part you listed as 400, you get money back as reimbursment). If insurer cant give you the exact same car back, they will offer you a pay-out.
Also depends how long you have had the policy for. If under a year, you may not get the pay-out option and insurer will replace car with the exact same car. Same spec, same accessories and mods. Some you have to be specific if certain parts are mods as if there is a factory equivalent you will get that instead of what you actually had on the car. My spoiler on #1 was a competition grade drift wing, it was listed on the policy but when time came to replace the car I was given a car with a VRX spoiler.
I would just add to this - if you aren't at fault in any accident MAKE SURE YOU GET A WITNESS! (if there is one of course).
I was reversed into in a carpark by an uninsured person (resulting in my entire front bumper having to be replaced as it was fibreglass), and even though they admitted liability to me, they did a backflip when my insurance company chased them up.
If i hadn't got a witness i would have been screwed - my word against their's. Thankfully the witness came through for me with what actually happened, so i didn't have to pay any excess and kept my no claim bonus.
For a minor accident it ended up costing the uninsured about $2k. Ouch.
I was reversed into in a carpark by an uninsured person (resulting in my entire front bumper having to be replaced as it was fibreglass), and even though they admitted liability to me, they did a backflip when my insurance company chased them up.
If i hadn't got a witness i would have been screwed - my word against their's. Thankfully the witness came through for me with what actually happened, so i didn't have to pay any excess and kept my no claim bonus.
For a minor accident it ended up costing the uninsured about $2k. Ouch.
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