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Re: Insurance Crisis
Posted: Mon Jul 06, 2015 2:22 pm
by kdiqq
I'm currently fighting this battle.
My issue seems to be that I'm honest. When I talk to the agent they say I'm covered for the 'occasional drive' or use in public events. I get turned away the moment I say I want the freedom to drive 7 days a week if I feel like it. My agent at Farmers is trying to get me liability + uninsured motorist, but it's an uphill battle
this sucks.
Do people REALLY see a point in owning a vehicle that you will only drive twice a week?! These underwriters are crazy.
Re: Insurance Crisis
Posted: Mon Jul 06, 2015 4:10 pm
by undysworld
ExpeditionImports wrote:I have commented on this in the past, but It is becoming more pronounced. Bottom line, the Pinzgauer has been bad business for a number of insurance companies. I've had conversations with a number of owners who take the approach that when there is an accident it's time for a windfall. The purpose of insurance is to mitigate a bad situation, not to make your Pinzgauer or your bank account better than it ever was.
Of the last 6 Insurance "cases" that we worked with the underwriters on, 4 of those 6 were VERY questionable. The poor condition 710 with brakes so far out of adjustment they weren't functional and a body/engine in lousy shape, becomes the 23K creampuff that is irreplaceable. Or the minor fender bender that becomes a 12K body shop job to straighten the tub......when that same customer talked with us about straightening the tub 12 months prior. The customer that calls for new canvas because his canvas is rotten and garbage. Gets upset at the "outrageous" cost for the canvas. Worse luck, seems 8 days later vandals cut his "excellent condition" top front and rear and his insurance company was calling us for his new canvas.
When you have a huge quantity of a car model/make, then the fraud and risk averages out. However, when there are so few of the Pinzgauer on the books, it doesn't take that many bad experiences to sour the underwriters to write a policy on them.
Personally I think that comprehensive policies on the Pinzgauer are going to become very difficult to find. Classic insurance will probably become the norm. Relationships with your insurer with your other vehicles will become more important as they are looking for a track record.
We are a licensed and bonded dealer, licensed repair shop, and work closely with a licensed full service body shop. We are happy to help out your insurance company get your truck fixed, establish values, inspections, etc. However, if you have even the slightest intention of playing games, do not call us as you probably won't like the end result. Our interests and the interests of a customer looking to defraud their insurance company, are diametrically opposed. I NEED insurance companies to be willing to insure Pinzgauers so my dealership can continue to sell the vehicles to customers. You trying to screw your insurance company on a claim, in the end just ends up screwing me.......
Food for thought.
Cheers,
Scott
Scott,
Great comments.
You are not the only one getting screwed. We all are too, as this thread illustrates. (And it's not just Pinzgauers! Insurance fraud seems plenty widespread, in my opinion.)
From your comments, I assume you reported the owners and situations you cited. I
hope you turned those S.O.B.'s in!!!
Thank You if you did!
If you lose a customer over doing so (or three, or even ten), I predict you'll still come out ahead because you are sticking up for the rest of the honest owners. Moreover, owners who burn their bridges with the few suppliers don't seem to hold onto their trucks too long anyway...
Paul
Re: Insurance Crisis
Posted: Mon Jul 06, 2015 4:10 pm
by undysworld
oops - duplicate post
Re: Insurance Crisis
Posted: Mon Jul 06, 2015 5:13 pm
by kdiqq
I HAVE AN UPDATE!
Progressive insured me!!!!!!!
I've only been with them for 1 year with 2 motorcycles, so I'm not considered a loyal customer. BUT!!! The rep I got sent to was an offroad enthusiast and knew EXACTLY what to tell the underwriters! Progressive even offer comprehensive coverage with absolutely no restrictions. To prevent further issues, no matter where you are in the USA, this sales rep can help you. She did mention that the 6x6 *might* not be insurable but she is not certain. 710Ms are green-lighted for all coverage they offer. Not nearly as cheap as classic vehicle coverage, but you're covered if you roll it over, get vandalized, or get it stolen. As Scott said though, this is no outlet for insurance fraud and given the limited number of Pinzgauers and Pinzgauer dealers, you will get caught attempting to defraud anyone. There you have it, contact info as follows:
Jordan M.
440-620-2625
12pm-9pm Central Time
Re: Insurance Crisis
Posted: Mon Jul 06, 2015 5:23 pm
by krick3tt
Please update your profile as to where you are.
Re: Insurance Crisis
Posted: Mon Jul 06, 2015 5:59 pm
by kdiqq
Done
Re: Insurance Crisis
Posted: Thu Jul 09, 2015 10:17 am
by kdiqq
I'm still working with a local agent to collect information for others.
So far, Foremost will not insure Pinzgauers because of the vehicle type.
Victoria Insurance WILL insure the 710M but only on liability and UM to the tune of roughly $1200/yr. So much more expensive than Progressive.
To put that rate in to perspective, I'm 24, a professional, spotless driving record, and outstanding credit. The only thing holding me back is age, so some of you my qualify for something better.
Re: Insurance Crisis
Posted: Thu Jul 09, 2015 1:09 pm
by David Dunn
kdiqq,
I had collected insurance info for Pinzes across the country over 12 years ago. It is done regionally, with underwriters within the area having the final say.
What you can or cannot get in Texas may not be the same in the next state.
Auto Club of So Cal (AAA) is/was the only auto club in the US that does insure Pinzes (I have never gotten feedback where some one has). The Cal underwriters originally rejected them too, but changed their minds after I had given them their "at risk" by listing comparable vehicles of the same size, power, speed, age and weight of vehicles that they already knew. STEYR was added to the computer and they have insured 710s,712s, Haflingers and even my old 716 without a burp. They would have insured my new 718 if I hadn't gone to Hagerty.
Insurance companies will also look at your history with them on whether they will insure an 'odd' additional vehicle or not. A company that you have been with for several years with may accept some things that a company that you are new to will not.
Try finding a company that will insure a Supacat.
Auto Club did.
Re: Insurance Crisis
Posted: Thu Jul 09, 2015 2:24 pm
by kdiqq
Of course, others results may vary and it is regional. My hopes were that someone could see what I had luck with, then call their provider and say 'Hey you quoted a guy in TX!' if it's the same provider and possibly get somewhere.
Didn't mean to clutter it up, just making information available as I get it. As far as Progressive goes though, I spoke with a global representative and she worked with a company-wide underwriter. That approval should apply to any state that has comparable liability requirements as Texas, but again, your results may vary.