car insurance

[sv9946]

hey guys, oh and girls too

just wondering about insurance on newish car's, under a year old. speaking to someone today i was told if your car is written off, and under a year old you don't get an insurance payout, rather they just replace that car with a brand new one, and a payout is not an option, i have no choice in the matter. can anyone confirm this?

my main concern is that i don't keep cars over 12 months, but i generally do a few little mods, for example my new ute, due in the next month or so will wear a set of chromed 20 inch holden alloy's. if my ute was to be written off, and the insurance company was to simply replace it, would they then do as i have, and buy a set of genuine holden rims, have them chromed and then fit them to my new ute? this guy was telling me today that even though i stipulated my wheels on my insurance, and paid extra for them, that would be my problems and not theirs.

also, my previous ute was a ve sv6 60th anniversary, now if i was still to own that, and write it off, what would be the go there? this guy who works at an insurance company told me that due to the fact 60th anniversary ones are no-longer built, i would simply have to settle for a base sv6 ute in its place? i don't think this would be right, as i'm paying my premiums on an sv6 60th anniversary, so why shouldn't i just be paid out for the vehicle, and then its my decision on what to do?

this example also works for someone with say a 2008 ve v8 berlina, as these are no longer built he told me the owner would simply be given a 2009 ve v6 berlina in place? how the **** can that be right?

just incase it makes any difference, i'm with cgu (currently, anyway. if this is correct it may be time to change company's) and i'm in victoria.

thanks

[andyman]

it depends on your insurer the plan and your level of cover, i know nrma will replace a car if it is written off in the first 2 years of its life, not if it has damage, ie my relo's ve sv6 copped 6g's worth of rear end work,

if the car was replaced with a no longer running model i think its stiff you get whats closest as youve said, maybe you can choose a few options to bring up the value? i dont think your premiums would be higher for a limited model either,

thats what i think anyway

[gopher]

also, my previous ute was a ve sv6 60th anniversary, now if i was still to own that, and write it off, what would be the go there? this guy who works at an insurance company told me that due to the fact 60th anniversary ones are no-longer built, i would simply have to settle for a base sv6 ute in its place? i don't think this would be right, as i'm paying my premiums on an sv6 60th anniversary, so why shouldn't i just be paid out for the vehicle, and then its my decision on what to do?

if the car was a limited edition i would be listing all the extra options on the policy.
as far as i'm aware most insurers replace it with a similarly optioned vehicle.
i'd be ringing a couple of other insurers if i were you.
i'm with AAMI and i had a look at their policy and it says they will replace a car under 12 months old with the same insured options and accessories.
if they cannot replace it then they'll pay the insured amount

[Troy711]

I almost had my ute replaced under insurance but they decided to repair it instead. I asked them about it and they said it would be replaced with the same make/model/specs however it would be a brand new car. They also said that they would also either pay out or add on the extras I had listed (wheels, lowered, tint and so forth).

[SAV_117]

if you have a V8 im sure they couldnt give you a V6 instead