Does Insurance Pays The Agreed Value if You Are Not at Fault

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Shannons

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  Guybrush57 on 25/04/2023 - 20:05

  +9

  If the car is a write-off, you would get paid the agreed value after you paid your excess.

  • 

    Guybrush57 on 25/04/2023 - 21:05

    +1

    Um… thanks for the two negs. I don't know why I bother helping :/

    • 

      bobbified on 25/04/2023 - 21:47

      +4

      I didn't neg you, but you probably got negged because you mentioned paying the excess. OP says "…if you are not at fault". If you're not at fault (and you make a claim with the other party's details), there is no excess to pay.

      In the case of a write-off: If you're insured for higher-than-market value, you claim through your own insurer. They will recover as much of it as possible from the at-fault party (or their insurer) and wear the difference. If you claim directly from the at-fault party (or their insurer), you will get market value.

      • 

        Guybrush57 on 26/04/2023 - 00:03

        +1

        Shannons customer reviews indicate you do indeed pay the excess, even for at fault incidents.

        • 

          bargaino on 26/04/2023 - 00:27

          @Guybrush57: You pay the excess up front. If not at fault, you identify the other driver, and any other conditions, you get the excess back.

          • 

            Guybrush57 on 26/04/2023 - 00:34

            @bargaino:

            You pay the excess

            So I was right.

          • 

            apsilon on 26/04/2023 - 08:25

            +1

            @bargaino: On the one claim I've had to do with Shannons I wasn't required to pay the excess at all. Provided the at fault drivers details at the time of the claim and that was it.

    • 

      Muzeeb on 25/04/2023 - 21:51

      -5

      I'm guessing because what you said was partly ambiguous and partly absolute bollocks.

      • 

        Guybrush57 on 26/04/2023 - 00:08

        +1

        what you said was partly ambiguous and partly absolute bollocks

        Which of these Shannons customer reviews are ambiguos and which ones are absolute bollocks? You don't need to answer because it's a rhetorical question. We all know you were talking out your arse given your lack of experience.

    • 

      AustriaBargain on 25/04/2023 - 22:30

      -7

      I neg people who complain about negging, if you're wondering why it just went down between refreshes.

      • 

        Nillionaire on 25/04/2023 - 23:54

        I neg people who complain about negging as well, but I also neg people who tell others they negged them for complaining about negging.

        • 

          AustriaBargain on 25/04/2023 - 23:55

          +1

          @Nillionaire: I plus people who are honest about their blanket negging policies.

• 

  zoob on 25/04/2023 - 20:09

  +5

  If you're not at fault, you'd claim through your insurer and not pay an excess. If it's a write off, you get agreed value. The other insurer/party is irrelevant.

• 

  FoxJump on 25/04/2023 - 20:25

  +1

  If you claim through your insurance, then you'd get the $50k.
  If you claim through the other party's insurance, then you'd get market value, headaches, and some annoying repair shop trying to milk you off extra $600 for no good reason

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  randomusername2017 on 25/04/2023 - 23:30

  +4

  Congratulations on obtaining insurance prior to posting 🎉

  Hopefully the start of a new trend…

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  try2bhelpful on 26/04/2023 - 00:39

  +1

  https://www.shannons.com.au/library/documents/Shannons_Motor…

  This is Shannon’s additional information guide. It goes through a number of examples.

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  Davo1111 on 26/04/2023 - 12:31

  you get paid: agreed value - excess - (any other excesses applicable like young driver etc)

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  solidussnake on 26/04/2023 - 18:18

  Read your PDS if it's agreed you get the $50k..

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  Andy22 on 26/04/2023 - 19:26

  Thanks a lot to everyone! If I'm claiming it on my insurance would that also increase my premium although I'm not at fault?

  • 

    Euphemistic on 27/04/2023 - 05:37

    +1

    Some say no. Some say yes. If it does increase, it could just be inflation, or they could factor in a no fault claim as increased risk but it won’t be as much as an at fault claim increase.