Did you sign with Shannons last year?

[RuffRed]

I know this should be in the insurance postings, but i want to save other Shannons customers some grief....

When I took on Shannons as my insurer for the busa in January last year the premium was $740.00 - wh9ich was consierably more than the $400 for the 02 Bandit 1200 I had just sold.

Anyway - the Shannons policy overall was better than most so I went with it, in January this year I received the renewal from them and the premium had gone to $920.55

Bollocks to that, so i started doing the rounds of the quotes and ended up going with Arista over 40 as I'd had my 40th in December - doesnt have the same inclusions but I couldn't argue with $670.00

I had to pay it upfront, but for $300 it was worth it.

Checking my bank statements today showed that Shannons were still taking their money every month, so i got the policy out and in the FINE PRINT down the bottom was "If we dont hear from you we will assume blah blah andwe will continue to deduct your premium blah blah.

This is the first time I have seen this, every other insurance I've had you have to notify them if you want to continue every year - got on the blower and faxed a copy of my new policy with Arista has it sorted.

They said that normally they manually adjust every policy on a yearly basis and the most they are allowed to increase it is 10% pa - but mine was increased by the computer.

Last year was their first insuring bikes and they have paid out quite a number of Hayabusa claims hence the increased premium - he said that next year it will probably increase again as they had set their premiums too low in the first year and they weren't expecting to insure as many bikes as they did.

So when your Shannons comes up make sure you cancel it if you are going with another company

Cheers Ruffy

[BUSAnthony]

same here ruffy,
mine double from $800 to $1800 after a minor claim from side stand giving way. i have never had a claim before. i
cancelled it once i recieved the reniewal. i would expect ani crease but that was a rip off. Arista got my business now

[mutherT]

Quote:Checking my bank statements today showed that Shannons were still taking their money every month, so i got the policy out and in the FINE PRINT down the bottom was "If we dont hear from you we will assume blah blah andwe will continue to deduct your premium blah blah

That's the norm with most direct debits payments that come up for renewal.
I have had the same problem with a Gym membership. I had to put it in writing, Blah Blah

[Volvi]

well i was insured the first 2 yrs of my busa even as the premium went up 2nd yr but then went up again for 3rd yr. This was arista. Bottom line I told them to get f****d, rating 1 no claims and premium just keeps going up, keep your fuking insurance. I havent insured my bike since. As far as Im concerned all insurance are pure rip off merchants. I know when something goes bad you want them, but Im taking my chances f*** em all is what I say. And what really ticks my goat is the GST component ontop of stamp duty, not to mention brokerage fees. f*** em all the young the short and the tall..........yea that was a pommie song.

[Doohan]

hey i got mine today , has gone up $80 in a year WTF The Liver is evil and MUST be punished

[GDYUP]

Language Volvi................

[Volvi]

LOL gdy, you can tell they get up my goatie.

[braddo2264]

Hi all
Paid mine today NRMA Veteran, Vintage & Classic Agreed Value 17.200 Basic Excess 300. 300. age excess applies when anyone under 25 drives the bike The total amount payable 523.40

ph 1800 646 605

BRADDO
"May the fleas of a thousand camels infest the crotch of the person who screws up your day, and may their arms be too short to scratch."

[ROD]

with our car insurance direct debit G I O every year when we receive renewal it says at bottom if you dont want any changes no need to do anything and payment will automatic still come out .
With bike im with volvi fug the insurance companys i havent had bike insurance for about 4 years saved about $3k so far but then i dont ride the thing much . But yes i will be verry pissed when i ride in to the side of a BMW ect
REGARDS ROD
kangaroos1996@msn.com
0433 92 99 22Edited by: ROD at: 8/3/07 22:44

[Maggot1300]

my thaught exactly Rod..





right up until I wrote off the bike now 6 months and more cash than I'd care to think about and I still cop shit from people because the fairings dont match (you know who you are) now insured with arista

[Volvi]

Quote:now insured with arista
didnt realise you were a 40+ yr ol fart......which I know your not. make sure your still covered matey.

[AstroBusa]

A lot of people suspected that Shannons was doing a honeymoon price just to get people to sign up and that renewals would be a shock. Just another marketing ploy. Well, I reckon they were right. The older I get, the better I was. Regards.... Rob

[Maggot1300]

not in my name mate I'm just a secondary rider


I should add, it will be fully insured under my name but not until i've had a chance to get it painted and then souce a company that wont charge a 26yo half the cost of the bike to insure it. Technically my boss is the primary rider which he agreed to, since as my car is off the road at the moment the bike is my only transport and he didn't want me riding un-insured which has helped me out immensley Arista will insure someone under 40, its just if you are 40+ you get better rates etc Edited by: Maggot1300 at: 8/3/07 22:39

[kawasuki]

Hah,, I claimed a lousy $45.000. in 4 years and the pricks shut the door on me. Cheers,
Kawasuki

[AzaVic]

Mine is insured but I see that as protection against theft or write off, or for if somehow my bike does some extreme damage to a ferrari I may have been riding beside at the time. Any fix less than the excess + about $1.5k I wouldnt bother claiming.

I stacked my zx-12r and wrote it off. Even then, 12 months old with 30k on the odo, worked out better for me to sell the wreck (engine went side car racing) than it would have been to claim the insurance.

On the plus side, I dont worry to much about parking my bike in the street when I want to go somewhere an all those things as a new replacement for 2 years if it gets written off or stolen. At 32 years old, that does cost me $1400 a year. I guess im used to paying it because of the cars etc ive had though.

Shannons wouldnt insure me though.. pffffft Rating 1, No claims, no speeding fines in last 6 years (had to pull my head in) just because i didnt have bike insurance in last 6 months.