Shannons Insurance

[chook]

Anyone insured with Shannons out there. Just got a quote on the SS advised that car had Exhaust and Edit otherwise stock. WTF quote was over $1700 and I'm 46. What does everyone else pay?

[COOKIE!]

How many times do you people have to be told that an edit is NOT a modification, it is a TUNE. Why would you bother to tell your insurance company, there is no way they can find out.

Any insurance company will be cheaper than that even AAMI or Just cars

[chook]

How many times do you people have to be told that an edit is NOT a modification, it is a TUNE. Why would you bother to tell your insurance company, there is no way they can find out.

Well iwantahsv, let me answer the question for "Us People".
Yes an EDIT is a tune, nonetheless it is still a modification and a fine line which an insurance company could quite easily void a claim on. A Mafless tune is easy to pick. So any assesor worth anything could quite easily pick up that the MAF is missing. (And before you say just change the MAF pipe and put the MAF back on after the accident, maybe the situation could arise where the owner of the vehicle is in hospital and can't do that). So it's not just plain Black and White.

[Bully]

Anyone insured with Shannons out there. Just got a quote on the SS advised that car had Exhaust and Edit otherwise stock. WTF quote was over $1700 and I'm 46. What does everyone else pay?
We pay about that figure for our clubby, similar mods, main reason so expensive is mrs is only 23. Just bought a vx ss with similar mods as you have described, even with a 23yo female driver on policy I have been quoted around the $900 mark by a few different insurers incl AAMI and CGU.
Good luck

[Daz Vx Clubbie]

Im paying $1800 a year for a stock VX Clubbie through Shannons. I got told that the premium will drop to about $1000 once I hit 25. However I got told that if I mod the vehicle ( I asked about exhaust, cam etc) the premium will rise up to around the $1800 mark again.

[VooDoo]

I pay $1100 a yr through Shannons for $45k cover and all mods listed (added the PWR to the policy even though its not fitted yet), can mod to my hearts content and not have any issues. Just needs to be street legal. In the event of a crash i pick one repairer and they sort the rest out.

[Daz Vx Clubbie]

The bloke i've been dealing with at Shannons (cant remember his name) is the owner of a VY 11 Clubsport. Which I find handy because when i've talked about mods to him he knows exactley what im on about. A lot easier than having to explain what the mod does etc etc to someone without an idea.

[blackjacknz]

im paying $1100 with the agreed value at $30K..with all mods listed...as VooDoo said just have to tell them any more mods..as long as they are legal...dosnt make a difference....once the cars been listed as modified...thats what it is....

I had the same experience as you Daz Vx Clubbie, before i called Shannons i called Just Car...was telling the girl there about the mods...got to the high ratio rockers.....she goes...is that part of the exhaust?...dont even ask how long it took to explain that the car was factory supercharged but that i increased the boost and fitted an intercooler.. :lol:

Rang Shannons...got a guy...who listened to all the mods...then said..."that must go alright!"....

its good to deal with people who know what they are talking about..... :)

[Beej]

Guys - don't forget that car insurance is always more expensive if you live in Sydney compared to just about anywhere else in Australia.

Beej

[CSV Strada SiR]

How many times do you people have to be told that an edit is NOT a modification, it is a TUNE. Why would you bother to tell your insurance company, there is no way they can find out.

Any insurance company will be cheaper than that even AAMI or Just cars

Good luck in Court trying to win that one :rolleyes:
Q)Insurance Company asked why you edited the car?
A)answer to get more power than stock.

Q) So the car isnt stock Mr XXXX it has similar power to a HSV GTS? Yet you insured the car as a SS 225KW.

Its called "full disclosure" so before you tell all "you people" again make sure you are prepared to cover the poor guy who may take your mis informed advice and then be faced with an insurance non payout and damages claim + court costs :bash:

[BLACK 346]

Anyone insured with Shannons out there. Just got a quote on the SS advised that car had Exhaust and Edit otherwise stock. WTF quote was over $1700 and I'm 46. What does everyone else pay?

Changed from TIO to Shannons yesterday afternoon after reading
yesterdays LS1 insurance thread. Spoke to a guy who was very
pleasant and understood each mod as I listed it to him (not the
usual ignorance that is displayed by other insurance companies).
And yes, I told him the cars computer has been tuned using
LS1 Edit. He said that is not a problem and listed it. Ended up
going on a reduced k's policy (less than 8k a year), as the car
only does about 6k per year and it cost me $650 for an agreed
value of $28,000. Nearly half of what TIO were charging me
for market value. And yes NT Members, they do cover for
cyclones :)

[myles]

To those that have stated their premium, what is your excess per claim? (A friend of mine pays similar to me but his excess is more than $1000 per claim.)

My insurance with Just Car Insurance is $1050 with the excess per claim being $400, agreed value $30k.

Suncorp has sent me through a quote of $1000 with an excess of $600 -- except that gives me every option under the sun including free windscreen repair whenever it's damaged, free hire car, lifetime guarantee on parts, and no excess in the amount of up to $500 damage.

Chook, you would surely qualify for Suncorp with the SS. HSVs are a problem though.

[Wonky]

Good luck in Court trying to win that one :rolleyes:
Q)Insurance Company asked why you edited the car?
A)answer to get more power than stock.

Q) So the car isnt stock Mr XXXX it has similar power to a HSV GTS? Yet you insured the car as a SS 225KW.

Its called "full disclosure" so before you tell all "you people" again make sure you are prepared to cover the poor guy who may take your mis informed advice and then be faced with an insurance non payout and damages claim + court costs :bash:

Yep, agree wholeheartedly!! Hope Iwantahsv is going to back his "advice" with monetary cover for people who take it and then find out that they aren't covered. That term "disclosure" is all encompassing and as you said I would hate to have to fight an insurance company in court on an edit.

As he said, in one way it could be deemed a "tune" but unlike tunes in the days of carby cars where the idea was to try to get it running back to specifications, an edit is a different kettle of fish. In an edit they modify the FACTORY set parameters used to manage the engine and in so doing give it an extra 20 - 30 rwkw - as much or more than individual mods like a decent exhaust or cam can give. If you hadn't told them of mods like that you would most likely be wiped in the event of a claim, so they would probably do the same for an edit. Insurance companies always want to know when a car isn't as it came from the factory.

It's a grey area but with a significant amount of money tied up in assets built up with 30 years of bloody hard work by my wife and I there is no way I am going to risk losing some/all because I wiped out a Ferrari or other expensive car as well as my own and then the insurance company won't pay up because of an edit giving me an extra 30fwkw I hadn't told them about.

I see Iwantahsv is only a young chipper of 25 so possibly doesn't have to be concerned about losing assets like house etc if worst came to worst. :D

BTW, I am in Melbourne which I realise is a lot cheaper to insure cars in than Sydney but my car is insured for $45,000 with AAMI with VCM Suite Edit listed on the policy (no argument then as they have been informed) and costs me around $820 pa.

Wonky

[antvt]

do you guys all have after market alarms/immobilisers, and do you park your cars in lock up garages? i rang shanons yesterday, spoke to some woman who wasnt interested from the moment she picked up the fone. kept tellin me to call just cars. told her i have, but liked the agreed value, choice of repairer and pay by the month options that shanons offers. so we continued, but then i was told that because i park in a carport, and no alarm or after market immobiliser, then they wont cover me. i hate talkin to insurance people, specially the women who dont know anything bout cars.

[Ryzz]

do you guys all have after market alarms/immobilisers, and do you park your cars in lock up garages? i rang shanons yesterday, spoke to some woman who wasnt interested from the moment she picked up the fone. kept tellin me to call just cars. told her i have, but liked the agreed value, choice of repairer and pay by the month options that shanons offers. so we continued, but then i was told that because i park in a carport, and no alarm or after market immobiliser, then they wont cover me. i hate talkin to insurance people, specially the women who dont know anything bout cars.
Ring again mate, its amazing the difference multiple phone calls can make, you find someone that likes the sound of your voice, enters it a different way in the computer and you get a better quote ;)

[myles]

you find someone that likes the sound of your voice

So you start talking seductively? ;) :p

[COOKIE!]

I see Iwantahsv is only a young chipper of 25 so possibly doesn't have to be concerned about losing assets like house etc if worst came to worst. :D



I am concerned about losing everything :rolleyes: :rolleyes:
I have a wife & 2 kids and have a large mortgage over my head which i work dam hard to keep. If you have a MAF tune and you stack your car how in hells name are they going to find out...... Out of the few ten's of thousand LS1's in australia how many do you think have been edited?? and how many of those have told their insurance company??.


Im not trying to start a blue here mate all i am saying is it's your call if you want to pay that much for insurance go ahead im just giving my opinion and thats what it is.. Nothing else, If people on here are stupid enough to do what i say then before looking in to it thats their fault not mine.

[Ryzz]

I am concerned about losing everything :rolleyes: :rolleyes:
I have a wife & 2 kids and have a large mortgage over my head which i work dam hard to keep. If you have a MAF tune and you stack your car how in hells name are they going to find out...... Out of the few ten's of thousand LS1's in australia how many do you think have been edited?? and how many of those have told their insurance company??.


Im not trying to start a blue here mate all i am saying is it's your call if you want to pay that much for insurance go ahead im just giving my opinion and thats what it is.. Nothing else, If people on here are stupid enough to do what i say then before looking in to it thats their fault not mine.
I know shannons has me on a non modified policy, ive told them about getting my car retuned, putting extractors on and when i was going to put 3.9 Diff gears on. They were happy wth all that to be on a non modified policy.

[lowriding]

Has anyone claimed from them ??I have never worked out WTF Shannons are on about - just too inconsistant , they differ everytime you ring . Also a couple of mates that are with them have over-the-odds agreed values - if shannons were to pay them the money the cars are insured for i'd be stunned. :eek:

[Wonky]

I am concerned about losing everything :rolleyes: :rolleyes:
I have a wife & 2 kids and have a large mortgage over my head which i work dam hard to keep. If you have a MAF tune and you stack your car how in hells name are they going to find out...... Out of the few ten's of thousand LS1's in australia how many do you think have been edited?? and how many of those have told their insurance company??.

Im not trying to start a blue here mate all i am saying is it's your call im just giving my opinion and thats what it is.. Nothing else, If people on here are stupid enough to do what i say then before looking in to it thats their fault not mine.
OK, if you are happy to take the risk then go for it. Sure, there may be only a small proportion of edited LS1's but as someone in another thread said, the equipment to read a chip is only a fraction of the replacement cost of a new(ish) SS so if assessors haven't got one yet it is only a matter of time before they do. They only have to deny one write off claim and they have paid for it many times over. May not have happened yet but it will and I don't want to be the bunny who finds out the hard way....... :bash:

The thing is that I haven't had to pay one extra cent to have the car insured with the edit noted on my policy so your "if you want to pay that much for insurance go ahead" statement is irrelevant. AAMI is line ball with a couple of other companies as about the cheapest for insuring an SS in my area.

It cost me nothing for total peace of mind, just a few emails. You still have the concern, however minor you may see it as, that if you write your pride and joy off (and worse, another car or two with it) your claim will possibly be denied IF they check, which they could. I'm not trying to start a blue either - just know which position I would prefer to be in.......

[BlackClubbie]

Good Lord.

I pay $400 a year with Suncorp for my VY2 Clubbie R8, and i'm 32.

[Wonky]

Good Lord.

I pay $400 a year with Suncorp for my VY2 Clubbie R8, and i'm 32.
Yeah, but they only have two cars and a few bullock drays up there! :stick:

Significantly reduced chance of accidents, hence much smaller premium.

[BlackClubbie]

True, criminality is a bit lower too.

[xlr8n]

I agree with the comments about telling the insurance company, however, in SA making a modification to the emmisions or related systems (this obviously includes changing the ECM settings) is an offence and will render the car unroadworthy.

All insurance policies, at least in SA, state the car needs to be roadworthy for the insurance to be valid.

SO, in SA, if you tell them you edited your ECM, then technically they don't need to pay in the event of a claim as your vehicle isn't legal!

[BlueVZSS]

Good Lord.

I pay $400 a year with Suncorp for my VY2 Clubbie R8, and i'm 32.

Don't know how you manage that....I'm over 40, lifetime rating one and Suncorp are charging me about $900 a year on a VZ SS. You must live in the boonies or something.

[Pickles]

Good Lord.

I pay $400 a year with Suncorp for my VY2 Clubbie R8, and i'm 32.
Amazing,$400 for a full year's insurance on an R8.Do not purchase any shares in Suncorp,as it appears they will be out of business very shortly.Cheers,Pickles.

[xshore]

A guy at my old place of work bought an xr8 for around 30k but insured it for $45k through shannons or someone else. the tool drives like an idiot and just had a major crash and around $30k worth of damage. they wont write it off because it is insured for a stupidly high amount. The concensus is the car will never ever be the same and will be junk. Lesson is, don't over insure you car.

[BlackClubbie]

Don't know how you manage that....I'm over 40, lifetime rating one and Suncorp are charging me about $900 a year on a VZ SS. You must live in the boonies or something.

I live in Cairns mate. And i've never had issues with the insurance, they even let me choose which panel beater i wanted when that "driving mom from hell" threw her bloody 4WD in my rear door a while ago, $700 worth of repairs, they didn't whinge one iota.

[dvader8]

[QUOTE=Wonky]
The thing is that I haven't had to pay one extra cent to have the car insured with the edit noted on my policy

Just been off the phone with RACV who after 25 minutes were able to advise they will cover LS1 edit. No cost increase on my premiums. Interestingly they won't cover me for any other modifications (rear muffler change is the only noted mod together with LS1 edit). So much for 3 mods per most insurers. The amount of questions they ask (how much power, blah, blah...) until they can reach some sort of conclusion is ridiculous. Simply telling them it is a Tune was not enough to for them to accept.

[BlueVZSS]

I live in Cairns mate. And i've never had issues with the insurance, they even let me choose which panel beater i wanted when that "driving mom from hell" threw her bloody 4WD in my rear door a while ago, $700 worth of repairs, they didn't whinge one iota.

Mmmm....Cairns must equal boonies for insurance companies. Don't get me wrong, I love the place. Suncorp is a top insurer IMHO, no arguments about that from me.

[lm2002]

Mmmm....Cairns must equal boonies for insurance companies. Don't get me wrong, I love the place. Suncorp is a top insurer IMHO, no arguments about that from me.

Seems like you're right. I've got my '04 Y2 Maloo R8 with them at ~$850 per year. In Brissy. Mafless / OTR intake / lowered / exhaust are all listed and make no difference to premium or excess.

They seem strangely accommodating for a "mainstream" insurer. :eek:

Cheers,

LM

[Mongy]

Yeh Suncorp, $500 plus taxes. They are good if you have a good record. I have a daughter-in-law who works for an insurance company and despite what everybody thinks edit is classed as a modification by insurance companies. Why you ask? Simple, because the PCM settings are changed from the factory settings, the same as if you put a "chip" on it. She says a lot of companies still don't quite understand edit (including hers) but class it as a "chip" because the end result is the same.

[ROARZ]

PM Dane. He sorted out my insurance with Shannons and everything on ROARZ is covered for around $1500 a year (agreed value). NO ONE else would touch me except LLOYDS (even then at an outrageous price). I don't call Shannons call centre anymore, because I kept getting differing answers. It sounds like that may be improving (perhaps through training).

[qik_sv8]

i pay $1500 a year im only 23 but im through nrma and have had a bad driving history and because of my age aswell my excess is $800 no other insurance company wanted to know me as for shannons and just car they were asking an amount of $4000 + a year then if :cussing: i wanted mods on top of that i would have to pay more ...... :cussing:

[antvt]

just cars will insure me for 1100 per year, plus that much again for excess (not including wheel and stereo excess). but they want the money straight up, and they dont let u choose repairers.