Taken From Another Forum.
Has Anyone made a claim from Famous Classic ??, be interested if they honoured it.
Posted - 13 Jun 2003 : 01:06:27
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i believe "Heritage" is also a foreign underwriter, not approved by APRA (the Australian Predential Regualatory Association, or something). they also underwrite "
Famous Classic" in subiaco. i've been looking into this for the last few weeks, and if this "Heritage" lot are ok, i'd like to know about it: famous gave me an awesome quote for a WRX.....
so RESPONSE may not be all that "fixed" after all....
this is a quote from the famous insurance website (
www.famousinsurance.com.au)
quote:
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Famous policies are underwritten by Heritage Motor Vehicle Insurance Ltd (Heritage) which is fully registered and licenced in Guernsey. Guernsey has an outstanding reputation for innovation and professionalism in the world of international insurance - see the Guernsey web site for further information.
This means your policy is subject to strict supervision under the regulations of an internationally recognised prudential regulatory regime and is not the jurisdiction of the Australian Predential Regulation Authority
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Greg E
Committee Member
157 Posts
Posted - 19 Jun 2003 : 14:42:29
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Here's a link to the story in the SMH. I spoke with Jeni today and it appears that the new underwriter for the response policies is NOT an approved insurer in Australia.
http://www.smh.com.au/text/articles/200 ... 770385.htm
Greg E
Greg E
m4fia
Junior Driver
41 Posts
Posted - 19 Jun 2003 : 17:12:56
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After calling my broker about this 5 minites ago. I was told i need to find new insurance. I used to pay around $2000 a year. Now cant find any below $3500. My car has turned into an expensive toy now.
If i dont get a refund this year insurance will cost me $5500. =/
Subaru gave me the details for this insurance. When i told them racv quoted me $4200 to insure me. I wouldnt have bought the car if i had to pay $4000 insurance a year which i told them.
Lets hope this turns out ok
OPPPS after reading the letter send to me by my broker a second time. The amount is