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Location:
Adelaide, SA
Registered:
May 2002
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Re: Insurance
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Thu, 18 March 2004 02:54
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RAA is pathetic with comprehensive insurance.
The problem boils down to the fact that although you've spent heaps of money on your car, and think the market value is $8k, the Red Book or Glass's Guide say it isn't. So to an insurance company it's not. This is downside of owning a modified car, you have to carry lots of risk and why most modified car owners are under-insured and hence uptight about security etc. Sure, some companies will insure you, but they'll charge a big premium for the risk they're carrying.
Although, if you're over 25, Rating 1 and only 1 speeding fine and no accidents in your entire life, you can get comprehensive insurance for a 1jz modifed ma70 for $700 pa.  . However even this is insured a couple of grand below "market" or "real" value though.
If you crash it, your always going to be f*cked, and you'll never get back half the money you've spent. Plus, if you crash it on a "hills run" you'll have been speeding/driving without due car and be f*cked anyway.
You just have to accept the risk of driving a modifed car in a spirited fashion. If you can't, then don't drive a modified car.
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