1M Insurance DILEMA

Zuzu · 06-11-2011, 03:10 AM

What happens if your car is totaled and your policy has a 2 year replacement clause.

Has anyone who is purchasing the 1M or already in possession asked this question of their insurer.

If their is NO supply/production in the second year of ownership and your car is a write off?

Do we have to be EXTRA cautious to maintain our cars are not stolen or written off?

gazz · 06-11-2011, 03:26 AM

Mine is full replacement for three years or the original purchase value paid in cash.

Zuzu · 06-11-2011, 03:27 AM

who is your insurer Gaz?

BBK · 06-11-2011, 04:27 AM

They would probably have a clause in there in case this happens? For instance, what happens when a car you buy is replaced by a new model a year after you get it? I would assume you get the newest equivalent model?

So in this case... would you get the new M2 when it arrives if it's in that time period? If not... then good question!

NPVPositive · 06-11-2011, 04:55 AM

GIO say that they can opt to give you the closest equivalent vehicle and options if your car is not available . . . would not be a great outcome if they decided that meant 135 or 335.

gazz · 06-11-2011, 05:32 AM

Quote:

Originally Posted by Zuzu

who is your insurer Gaz?

You need to go through my broker. PM me if you want the details.

Zuzu · 06-11-2011, 07:56 AM

Thanks Gaz..PM sent

06-11-2011, 03:10 AM	#1
Zuzu Major General 2816 Rep 7,637 Posts Drives: M2C HS 6MT Join Date: Mar 2008 Location: Sydney Australia iTrader: (0)	1M Insurance DILEMA What happens if your car is totaled and your policy has a 2 year replacement clause. Has anyone who is purchasing the 1M or already in possession asked this question of their insurer. If their is NO supply/production in the second year of ownership and your car is a write off? Do we have to be EXTRA cautious to maintain our cars are not stolen or written off?
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06-11-2011, 03:26 AM	#2
gazz ///Mbassador 26 Rep 1,069 Posts Drives: The horse I fell off Join Date: Apr 2007 Location: Gold Coast Australia iTrader: (0)	Mine is full replacement for three years or the original purchase value paid in cash.
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06-11-2011, 03:27 AM	#3
Zuzu Major General 2816 Rep 7,637 Posts Drives: M2C HS 6MT Join Date: Mar 2008 Location: Sydney Australia iTrader: (0)	who is your insurer Gaz?
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06-11-2011, 04:27 AM	#4
BBK Banned 88 Rep 3,070 Posts Drives: A boring one... Join Date: Oct 2008 Location: Australia iTrader: (0) Garage List 2009 BMW 135i [5.76]	They would probably have a clause in there in case this happens? For instance, what happens when a car you buy is replaced by a new model a year after you get it? I would assume you get the newest equivalent model? So in this case... would you get the new M2 when it arrives if it's in that time period? If not... then good question!
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06-11-2011, 04:55 AM	#5
NPVPositive Lieutenant 53 Rep 443 Posts Drives: BMW 1M Join Date: Jan 2011 Location: Sydney iTrader: (0)	GIO say that they can opt to give you the closest equivalent vehicle and options if your car is not available . . . would not be a great outcome if they decided that meant 135 or 335. __________________ "This is a brilliant, brilliant, brilliant car. And that's all really I've got to say. The end." Clarkson on the 1M
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06-11-2011, 07:56 AM	#7
Zuzu Major General 2816 Rep 7,637 Posts Drives: M2C HS 6MT Join Date: Mar 2008 Location: Sydney Australia iTrader: (0)	Thanks Gaz..PM sent
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