10 replies to this topic

[hanra]

I saw an ad pop up on my FB newsfeed regarding Enthusiast Insurance cover by RACQ. So I went to the RACQ website and hit them up for a quote. I received an email back from Famous Insurance???? 

 

Anyways I went through with the quote, sent pics etc. Agreed value of $120,000.00 Their quote came in near on $220 cheaper per year than Shannons, whom I have 5 policies with and have multi policy discounts applied....?? And the excess costs were cheaper as well??? Ive bailed up Shannons on a few occasions to trim the fat on my policies and I feel we are at the skinny end. 

 

I was prepared to use RACQ as its a known entity, however Famous insurance??? Who is that?? 

[yel327]

Read the fine print at the very end of this page.

https://famousinsurance.com.au/

Underwritten by RACQ.

[hanra]

Ive never heard of them? Surely RACQ wouldn't be associating themselves with some dodgy mob? 

[Statler]

When i registered Purple i was at RACQ paying the 3rd party. The sales person asked if I wanted a quote for insurance .
As i was there i thought ...... why not?

All was going well until the question of induction came up.

Sorry Sir, we won't insure vehicles with superchargers.

Made me wonder where all of those VS / VT / HSV owners switched to ?

Shame because the quote was really good too. Not good enough to remove the blower though .

[hanra]

I might hit up the experts on FB and see what people think. 

[claysummers]

"experts" on Facebook
ROFLPIP

Sent from my SM-A705YN using Tapatalk

[hanra]

Ahh so Famous cannot quote on insuring our Daily Modern drives. Only the classics... Hmmmmm. Currently its handy to have all 4 cars and the house with 1 provider. Which is Shannons. 

[muzzta]

Hey guys,

Sounds like what they call whitelabelling. A major company starts or teams up with another company that targets different demographics or markets.

The insurance is underwritten by the main company, and in a lot of cases the paperwork technology etc run back to that company too.

I work in insurance (IT but) and we have many companies selling our products under different names.

This is widespread and is all hidden in fineprint.

For example you might have a bad experience with company A go to company B not knowing your money is basically going to the same place.

Same as Coles and Woolies own so many grog shop chains but market them differently.

You can hate a lot of em but they still get your money which is the aim.

Read the fineprint, research customer satisfaction and ask what you will get when you do claim under different circumstances.

Happy days big brother :-)

Cheers

Muz

PS top tip ask for a reference number from every call you make and keep it safe, if you are quoted or promised something and it comes to a dispute, every call should be recorded and available for review if you can quote the reference number. 

Edited by muzzta, 24 October 2019 - 06:22 PM.

[Cook]

A classic example.  How many insurance companies are owned by Suncorp.  You may be surprised.  Cheers Ron

[RallyRed]

Really need to print out the PDS for each one you are interested in.....compare apples with apples.

The cheapest price is just the cheapest price, nothing more or less, until you know exactly what it is paying for.

[Ice]

Get what you pay for that never changes