Insurance - Enthusiast Underwriting (via TCIS)

Submitted: Thursday, Sep 29, 2011 at 10:24
ThreadID: 89287 Views:5074 Replies:2 FollowUps:4
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Currently I have two Landrover Defenders, one that has been highly customised, and the other which is stock standard.

The customised 130 Twin Cab (The Landy) has been insured with a specialist insurer since the rebuild in 2006, originally for an agreed value of $35,000 (I under insured) and this has progressively dropped to $20,000 at this renewal. The renewal was to cost $1,750.

The stock standard 110 has been insured with NRMA and after the recent overhaul I was able to obtain an agreed value of $12,750, not what I wanted, but all they were willing to give at a cost of around $750.

So my total premiums for both vehicles is around $2,500 per annum

I have always used TCIS Brokers, and it so happens that my renewal for the 130 Twin Cab has coincided with the marketing campaign by Enthusiast Underwriting. I have insured both vehicles at a cost of $1,400, with agreed values of $35,000 for the 130, and $20,000 for the 110. Enthusiast Underwriting was set up by Asset Insure in May this year to cater for specialist insurance on motor vehicles.

I nominated that I would accept a $2,000 excess, and for the reason that my policy offered a $500 excess, however, I am interested in insuring against a worse-case outcome of a write-off or the like. I wouldn’t make a claim for damage under $2,000 in any case.

The policy conforms to the 4WD ANFWDC requirements and has all the inclusions that most 4WD owners want.

The underwriter for the policy is Assetinsure Pty Ltd
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