145 replies to this topic

[Cook]

Brendan, I'm not in the same category as you but Shannons would only insure my hatch, as a rolling shell, for $10K (laid up) with ability to increase this as the car progresses.  It's difficult to get insurance cover to equal value or more importantly cost, but maybe if you can put a good case for what is included in the car you may get some leverage.  Agree with Grant, even if you can get someone there you can talk to them. Cheers Ron

[LC-GTR-1969]

It seems hit and miss with Shannons...

 

I have mine insured for 25k only as thats what they would insure it for without seeing it... When I rang to ask about upping it (I want it insured for 32k), they were quite dismissive- they said I would need to prove that I have spent at least equivalent to the increase in value with receipts- I cracked it and said I have done 90% myself so minimal receipts... I explained that if my car was pinched, there is NO CHANCE that I would be able to get an equivalent car for less than 30k. My running gear cost $17k alone- as well as a mint 2 door GTR shell etc etc

 

I will be having the car assessed in the next few weeks and if they do not come to the party, I will be changing insurers. 

[LC-GTR-1969]

What other insurers are people supporting, are Shannons as good as their constant advertising portrays or are others comparable?

My experience with Shannons has been extremely good- except for the agreed value of the vehicle. In their defence, they want the car assessed in person, which I understand- however its just a hassle.

 

In all other respects, Shannons have been excellent.

[rexy]

I think a few people have cost and market value a bit confused.
An unfinished project is rarely worth it's cost to date. The insurers don't want to give you an incentive to have it go missing by giving an insurance value higher than market value.
I have found Shannon's very good to deal with in a claims situation.

[hanra]

Shannon's happily insured my SL/R for $65k once they saw some decent photos of it.

[Potta]

You are already over insured...

 

Yeah I agree, stop whinging.

 

They would only go to $20k on my GTR, not happy really, but probably what it is worth.

 

I will try to up it next time the policy is due because there is no way I can replace it for that.

[Holdenbn74]

My 304 powered LH sedan with Lumley for 30k.
WA car.

[I'm a Red Motor fiend]

Just insured mine thru shannons. One ten minute phone call, a few questions and no photos and I was insured for 15k. The bloke was brilliant. LJ 4dr that I prepped, painted and put together myself. I wouldn't expect to be able to insure it for more, even tho over the course it would owe me more than 15k.

[axistr]

Shannon's insure all my cars, five in total. The hatch(originally 6cyl SS) is insured for 65k & SL/R clone 55k. I got one of Shannon's staff members at a car show to look at my Torana's and it was these guys that recommended the above insured values. It would properly cost me much  more to build these cars than the insures values these days, but doing most of the work myself again I could properly get close.   

 

Only had three claims in 30 years until two years ago when two cars were hit by hail and my son destroyed the SS ute in the same year. Couldn't speak more highly of Shannon's when it come to the crunch. Had the check in my hand for the ute in five days, they kept me informed every step of the way with all claims and backup phone calls afterwards to check if I was happy with my experience and repairs. The ute cost me $13,000 and Shannon's insured it for $14,000 unseen. Three years later when it was written off they still paid me out at $14,000.

 

I was previously insured with both NRMA & GIO, every year the insured values went down by 10-15%, Shannon's have increased the Torana's values automatically every year. When I had a claim with NRMA it was a fight all the way to try and get the car repaired to the pre damaged condition.

 

Every one I have had dealing with at Shannon's have been excellent and really known there stuff, when you say I'm running a TKO transmission the even asked me if it was a 500 or 600.        

[LC-GTR-1969]

 

Shannon's insure all my cars, five in total. The hatch(originally 6cyl SS) is insured for 65k & SL/R clone 55k. I got one of Shannon's staff members at a car show to look at my Torana's and it was these guys that recommended the above insured values. It would properly cost me much  more to build these cars than the insures values these days, but doing most of the work myself again I could properly get close.   
 
Only had three claims in 30 years until two years ago when two cars were hit by hail and my son destroyed the SS ute in the same year. Couldn't speak more highly of Shannon's when it come to the crunch. Had the check in my hand for the ute in five days, they kept me informed every step of the way with all claims and backup phone calls afterwards to check if I was happy with my experience and repairs. The ute cost me $13,000 and Shannon's insured it for $14,000 unseen. Three years later when it was written off they still paid me out at $14,000.
 
I was previously insured with both NRMA & GIO, every year the insured values went down by 10-15%, Shannon's have increased the Torana's values automatically every year. When I had a claim with NRMA it was a fight all the way to try and get the car repaired to the pre damaged condition.
 
Every one I have had dealing with at Shannon's have been excellent and really known there stuff, when you say I'm running a TKO transmission the even asked me if it was a 500 or 600.        

 

I agree, they can be very, very good- however my last experience with the gent on the phone was not a positive one- lets just put this down to someone having a bad day, or Shannon's employing one goose... basically when I asked for an increase to my value (a mint 2 door running extensive drivetrain mods, been features in several magazines since the late 80s and an original GTR shell) the bloke was fairly abrupt and indicated that everyone thinks their car is worth more than it really is.. ????? This may be the case, but you dont rip someones innards out like that. Besides, Ive been watching the market and mint 2 doors sale prices have increased somewhat in the last 2 years, however Shannons have not reflected this increase with the policies for LC/ LJs. They still have a blanket 25k limit unless seen.

An inspector at a car show for Rhino car insurance put the value of mine at 35k when I had him look at a car show. Anyway, its no major drama, just a hassle that I need to take the car to St Leonards to have it inspected- but I understand why they do it.

I also transferred a few policies across to Shannon's, house and another car, as I have generally been very impressed with them.

[Collo]

One of my LJ's is insured for over 25k with Shannons.Pretty painless process. Phone call, emailed some pics, another phone call, and done.

My HQ has laid up insurance for 20k through Shannons as well. No dramas with getting that, was the same phone call as the LJ.

Edited by slr_v8, 06 January 2016 - 11:09 AM.