Extensive hail damage

[Flighter]

Actually - insurance has never covered 'financial loss' per se - that is why there is 'gap cover'. But I get the gist of what you're saying

Perhaps I'm naive, but when I read my policy and it says "new for old, including 12 months rego etc", I take it to mean they'll take my write off and give me a brand spanking new one (less the excess), or sufficient cash to achieve the same end - nothing more, nothing less.

[Corey_R]

This is from the NRMA Comprehensive Plus PDS:

New replacement vehicle
If your vehicle is considered by us to be a total loss and we agree to pay your claim, you can choose to have your vehicle replaced, if:

• you have bought your vehicle new, or you purchased a demonstrator vehicle, and
• the vehicle is in the first 24 months of its registration at the time of the incident, and
• a replacement vehicle is available in Australia which is of the same make, model, engine size, equipment level and paint type, and
• we have agreement from any credit provider noted on your current Certificate of Insurance – if applicable, and
• the vehicle has a tare weight of less than 2.5 tonnes.

we will:

• replace your vehicle with a vehicle of the same make, model, engine size, equipment level and paint type,
• replace any modifications, options or accessories,
• pay the first 12 months registration and Compulsory Third Party (CTP) Insurance, if applicable, on the replacement vehicle.

you need to:

pay us any:

• excess that applies,
• outstanding premium, including the balance of all monthly instalments,
• refund you receive from the registration and CTP Insurance over your vehicle.

If your vehicle is replaced:

• your Policy comes to an end and no refund of premium is due, and
• your vehicle becomes our property.

I would say similar conditions are in most people's policies.

[markwid]

I don't object to more money in hand, but you have to wonder how likely is that?

Who said more money? I said more options...

[nicandlance]

Burwin told me that if they can't source a car within Australia, I could be in for a wait of 6 months.
AAMI told me that they were in no better position to source a car than I was, and asked whether I'd prefer to be paid out.
I was a little concerned about them sourcing a vehicle that is already here (in case it happens to be one that has been damaged and repaired), I think I'd much rather have one that's on the way. Will just have to take my chances and see....
I have contacted two dealers to see what they can do for me. The dealer I bought it from told me he could do exactly the same as what I had before - minus the cost of the mats because I took them out of the other car (if there is one available of course).
I'm in a catch 22, but at least one step closer to replacing the one I had.

[Corey_R]

Yeah Nic, I think you're doing the right thing here. I'd too be worried about some dealers doing switches to cars etc and ending up with a repaired car unaware.

[Tigger]

I agree with coreying,

We will probably see a bit of intertstate car swapping over the next few months. Prob will be some "great specials" on new vehicles etc... throughout the land!

Dont want to buy one like that!

[markwid]

Yeah Nic, I think you're doing the right thing here. I'd too be worried about some dealers doing switches to cars etc and ending up with a repaired car unaware.

I think so too...be good to order one that is already on the ship to here.

The contrarian approach will be to be entirely aware that there are big discounts to be had for new cars in the holding yard that were not severely hail damaged and can be repaired to "good as new".

[nicandlance]

Dealer emailed me to say he has a black 118tsi with sport pack and mdi (due for delivery 14th - 15th April), and to drop in and see him because he might have good news for me...
(He knows I drive a hard bargain and have done all my homework, so he's aware that I'm not prepared to pay more than what I got back from AAMI).
Planning to see him today - will keep you posted!

[Corey_R]

Good luck!

[SpeedBird]

Dealer emailed me to say he has a black 118tsi with sport pack and mdi (due for delivery 14th - 15th April), and to drop in and see him because he might have good news for me...
(He knows I drive a hard bargain and have done all my homework, so he's aware that I'm not prepared to pay more than what I got back from AAMI).
Planning to see him today - will keep you posted!

You should get a better deal this time, you have NO trade in, you have the price you paid last time, so this one should be equal or even cheaper, not many people buy 2 new cars in a short time frame. Plus you have the prices of what others have asked for and got on here.