Absolute Pace

Welcome to Club Cobra.

You are currently viewing the world's largest resource for Shelby related information as a guest which gives you limited access to view most discussions, articles and access our other FREE features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload your own photos and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Club Cobra > Club Forums > Australian Cobra Club

Welcome to Club Cobra!  The World's largest non biased Shelby Cobra related site!

  •  » Representation from nearly all Cobra/Daytona/GT40 manufacturers
  •  » Help from all over the world for your questions
  •  » Build logs for you and all members
  •  » Blogs
  •  » Image Gallery
  •  » Many thousands of members and nearly 1 million posts! 

YES! I want to register an account for free right now!  p.s.: For registered members this ad will NOT show

MMG Superformance
Nevada Classics
Main Menu
Nevada Classics
Nevada Classics
MMG Superformance
MMG Superformance
Advertise at CC
Banner Ad Rates
Keith Craft Racing
MMG Superformance
MMG Superformance
January 2021
S M T W T F S
          1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31            
  #1 (permalink)  
Old 09-08-2013, 04:04 AM
Chook's Avatar
CC Member
Visit my Photo Gallery

 
Join Date: Aug 2013
Location: Sydney, NSW
Cobra Make, Engine: DRB Windsor 302 stroked to 347
Posts: 133
Not Ranked     
Default Who is the most common insurer/best value??

Hi All,

Seeking some feedback and discussion as to who is the best insurer for cobras?
Can obviously been determined a few ways; price, claims, extras, excess, etc

What's your thoughts or suggestions?
Reply With Quote
Sponsored Links
Sponsored Links
  #2 (permalink)  
Old 09-08-2013, 04:09 AM
Mrs flatchat's Avatar
CC Member
Visit my Photo Gallery

 
Join Date: Mar 2004
Location: Warwick, Qld
Cobra Make, Engine: DRB, FORD 302W,T5
Posts: 486
Not Ranked     
Wink

Shannons -- and Suncorp for ctp --good for me
Reply With Quote
  #3 (permalink)  
Old 09-08-2013, 04:13 AM
750hp's Avatar
CC Member
Visit my Photo Gallery

 
Join Date: Nov 1999
Location: Brisbane, Australia, Q
Cobra Make, Engine: Contemporary CCX3117 427FE
Posts: 4,380
Not Ranked     
Default

Shannons have been perfect for me. Great prices, very competitive with their inclusions, good multi-policy discounts.
__________________
Craig
Reply With Quote
  #4 (permalink)  
Old 09-08-2013, 04:35 AM
itempany's Avatar
CC Member
Visit my Photo Gallery

 
Join Date: Jun 2013
Location: Cairns, qld
Cobra Make, Engine: Drb, 302 Comp cam, Cobra Nationals 2001 and 2002
Posts: 204
Not Ranked     
Default

Glad someone asked the question. I have been thinking about same question!
Reply With Quote
  #5 (permalink)  
Old 09-08-2013, 05:26 AM
BJ's Snake's Avatar
CC Member
Visit my Photo Gallery

 
Join Date: Jan 2004
Location: Queanbeyan, NSW
Cobra Make, Engine: Evans Kit, Wooley chassis, 302 Ford, T5, 3.07 Jag running gear, AP 289 USRRC #98 The Ken Miles Tribute Car
Posts: 1,108
Not Ranked     
Thumbs up

Quote:
Originally Posted by 750hp View Post
Shannons have been perfect for me. Great prices, very competitive with their inclusions, good multi-policy discounts.
Also for me

Cheers
__________________
Why only have one....
Reply With Quote
  #6 (permalink)  
Old 09-08-2013, 03:23 PM
400TT's Avatar
CC Member
Visit my Photo Gallery

 
Join Date: Jan 2004
Location: Gold Coast, AUS
Cobra Make, Engine: Wish I had my own PACE 427
Posts: 2,145
Not Ranked     
Default

We are authorised repairers for Shannon's.

Having been involved with the claims process, I wouldn't hesitate to recommend them. In our experience they are more than fair when it comes to these type of vehicles. They are prompt and provide a quality service.

Have also used Lumleys, they were great to deal with, although never claimed with them.


Craig White
__________________
www.absolutepace.com
Reply With Quote
  #7 (permalink)  
Old 09-08-2013, 05:26 PM
CC Member
Visit my Photo Gallery

 
Join Date: Jul 2012
Location: Melbourne, Vic
Cobra Make, Engine: Pace 427SC. LSA Supercharged with 6sp TR-6060 trans.
Posts: 463
Not Ranked     
Default

Quote:
Originally Posted by 400TT View Post
We are authorised repairers for Shannon's.

Having been involved with the claims process, I wouldn't hesitate to recommend them. In our experience they are more than fair when it comes to these type of vehicles. They are prompt and provide a quality service.

Have also used Lumleys, they were great to deal with, although never claimed with them.


Craig White
Same here...we're an authorised Shannons repairer in Melbourne.

I've dealt with most all insurance companies, their assessors and their claims teams, and Shannons assessors by far are the friendliest, fairest and enthusiastic about getting a customer's vehicle back on the road, and repaired to a condition as good as, or better than it's pre-accident state.

From a repairer's standpoint, I really like the fact that they will often approve an estimate without hesitation (given that the estimate is fair in the first place). Other insurers tend to cut the crap out of estimates (even when the estimate is very competitive to begin with) and this basically means they're expecting you to do more for less. Can create a bad 'feeling' between repairer and insurer - it is a very popular topic of discussion in the industry. OTOH, Shannons give us the right amount of money to perform the repairs....everybody wins.

Wouldn't hesitate to recommend them!
Reply With Quote
  #8 (permalink)  
Old 09-08-2013, 07:00 PM
CC Member
Visit my Photo Gallery

 
Join Date: Jul 2012
Location: Melbourne, Vic
Cobra Make, Engine: Pace 427SC. LSA Supercharged with 6sp TR-6060 trans.
Posts: 463
Not Ranked     
Default

Just wanted to add.....there is little to no correlation between the best insurer and the best value. Budget priced policies come with many conditions including the inability to choose your repairer, and the likelihood of poor quality repairs from the 'sausage factories' they make you use for repairs.

The insurers who provide better services charge more for their policies. With Shannons, they are not cheap, but you do get what you pay for. On a custom vehicle such as a Cobra, you absolutely need an insurer who understands (and will cover) not just the physical value of what you're insuring, but the intrinsic value of what the car means to you.
Reply With Quote
  #9 (permalink)  
Old 09-08-2013, 08:38 PM
CC Member
Visit my Photo Gallery

 
Join Date: May 2004
Location: Melbourne, Vic
Cobra Make, Engine: Cobra RMC 377ci Windsor, Harrison Daytona Coupe, Ford XC Coupe.
Posts: 1,587
Not Ranked     
Default Lsv

Chook,

LSV Lumley Special Vehicle insurance are what the majority of the

Cobra Club of Victoria use, they were a aponsor of Shelbyfest for a number

of years.


STIFFY
Reply With Quote
  #10 (permalink)  
Old 09-08-2013, 09:21 PM
Donunder's Avatar
CC Member
Visit my Photo Gallery

 
Join Date: Nov 2008
Location: Brisbane Australia. Cobra:Arntz Chev 454,
Posts: 846
Not Ranked     
Default

Chook, I don't know the situation in your state but up here Shannons are the only company that didn't go rushing off in a panic when I mentioned "fibreglass" and "one piece body", so it was more or less deal with the only company that was prepared to offer me a policy.

On the other hand I have my bike insured with QBE who are way cheaper than others I tried, and they have been a pleasure to deal with.
__________________
Don.
Reply With Quote
  #11 (permalink)  
Old 09-08-2013, 09:45 PM
Wazza's Avatar
CC Member
Visit my Photo Gallery

 
Join Date: Nov 2006
Location: Gold Coast Queensland, QLD
Cobra Make, Engine: Harrison#97 LS7 / T56
Posts: 1,680
Not Ranked     
Default

My opinion only...

But,

I recon there's some very important things to consider when you are insuring a Cobra.

1. Do you have the SALVAGE RIGHTS in the case of the Cobra being written off ?

2. Do you have choice of repairer when you need to make a claim?

3. Are the repairs then given a LIFETIME warranty ?


When getting any quotes...ask these specific questions...

I have been insured with LUMLEY SPECIAL VEHICLES, based in Melbourne, for many years.

I was recently shopping around to check that my current policy was competitive...and when I spoke to SHANNONS about Salvage Rights...
they advised that they "USED to include Salvage Rights, but now they DON'T".

I didn't go any further...

My theory has been that these Cobras never get stolen...(Touch wood ! Touch Wood ! ),
but plenty have been smashed.

Of course the insurance covers me if the car is pinched....
but getting all the really expensive bits back in the case of a bad prang ( Write off )...as well as getting the full payout....is VERY important to me.

I just phoned them now to again confirm...

They give salvage rights to cars OVER 25 years old...
AND,
Replicas of the old cars...i.e. COBRAS

They also charge REDUCED premiums for "Recreational cover"

I think there's two levels of this cover...
1. Drive it twice a month ?
2. Drive it 3 times a week.

Both are cheaper than FULL USE cover.
It's still Full Comprehensive Insurance, but tailored to our type of vehicle use.

Another tip...

If they ask if your engine is "modified"...be careful how you answer......what they are really looking for here is the "hoon" that builds up an engine on a normal production vehicle, to a point where it's unsafe...

I spoke to the manager of Lumleys about this ,because they had given an expensive quote to one of my club members who I had referred to them.

I explained to Lumleys that almost EVERY engine in an I.C.V. would be considered "Modified", and after explaining the difference to them , they agreed that this should not come into the calculation of insurance cover for Cobras.

Any problems...speak to Patricia De La Paz...She's the boss at LUMLEYS , Phone 133578 ...and we've discussed all of this.

Just in case anyone thinks I'm getting a spotters fee for any new customers...I aint...
It's just that I often get asked these questions from new or prospective Cobra owners.
I wish someone had been able to steer me in the right direction when I got the first Cobra...It would have saved me a lot of hassle!

Anyway...

That's ONLY my opinion...probably not worth two cents

Cheers,
Warren.

Last edited by Wazza; 09-08-2013 at 10:17 PM.. Reason: added more
Reply With Quote
  #12 (permalink)  
Old 09-08-2013, 09:57 PM
itempany's Avatar
CC Member
Visit my Photo Gallery

 
Join Date: Jun 2013
Location: Cairns, qld
Cobra Make, Engine: Drb, 302 Comp cam, Cobra Nationals 2001 and 2002
Posts: 204
Not Ranked     
Default

Rang up Shannons this morning and got a quote estimate for a Cobra. Came back at $450 for 12 months. For exercise I gave info for vehicle value $45000 and $500 excess......Not too bad. Better than last off the cuff estimate of $1200 from another company giving same value.
Reply With Quote
  #13 (permalink)  
Old 09-09-2013, 04:40 AM
CC Member
Visit my Photo Gallery

 
Join Date: Feb 2006
Location: The Hills, NSW
Cobra Make, Engine: Absolute Pace
Posts: 1,354
Not Ranked     
Default

I used Lumley's for the last few years and had no problems. Premiums were much better than Shannons.

If I was looking now I would get a price from Ryno for comparison too.

Cheers,

Ben
Reply With Quote
  #14 (permalink)  
Old 09-09-2013, 05:25 AM
750hp's Avatar
CC Member
Visit my Photo Gallery

 
Join Date: Nov 1999
Location: Brisbane, Australia, Q
Cobra Make, Engine: Contemporary CCX3117 427FE
Posts: 4,380
Not Ranked     
Default

Quote:
Originally Posted by Wazza View Post
I was recently shopping around to check that my current policy was competitive...and when I spoke to SHANNONS about Salvage Rights...
they advised that they "USED to include Salvage Rights, but now they DON'T".

I didn't go any further...
Well that sucks. I just had a look at my policies. The other cars all have salvage rights noted on the Shannons policy except the Cobra. Downloaded the PDS and found that anything over 35 years old has salvage rights. The Cobra, at 32 years old, is my newest car!

I will give Lumley's a call to see how they compare for a multi-vehicle policy. Shannons have included all the mods in the policies (8/71 blower, roll cage, custom brakes and suspension, V8 in Healey, big block in Falcon, the whole lot!), so let's see if I get the enthusiast rates or bogan rates...
__________________
Craig
Reply With Quote
  #15 (permalink)  
Old 09-09-2013, 08:26 AM
guye's Avatar
CC Member
Visit my Photo Gallery

 
Join Date: Jan 2002
Location: Melbourne, Australia, VIC
Cobra Make, Engine: AP Pace427 (AP4033) GM L77 6.0L TR6060
Posts: 838
Not Ranked     
Default

Great thread guys, very useful!
__________________
Guy
Cobra Progress guye-cobra.blogspot.com
Reply With Quote
  #16 (permalink)  
Old 09-10-2013, 12:56 AM
Chook's Avatar
CC Member
Visit my Photo Gallery

 
Join Date: Aug 2013
Location: Sydney, NSW
Cobra Make, Engine: DRB Windsor 302 stroked to 347
Posts: 133
Not Ranked     
Default

Hi All,

Thanks to everyone for all the great responses. You can't buy information and knowledge like this! Wazza you make some great points and thanks for the 2c!
Reply With Quote
  #17 (permalink)  
Old 09-10-2013, 02:08 AM
Chook's Avatar
CC Member
Visit my Photo Gallery

 
Join Date: Aug 2013
Location: Sydney, NSW
Cobra Make, Engine: DRB Windsor 302 stroked to 347
Posts: 133
Not Ranked     
Default

...and its just been confirmed by an insurance company that the biggest determinant of premium is the postcode. Therefore if you're fortunate to have multiple properties, get quotes for both postcodes.
Reply With Quote
Reply


Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -7. The time now is 04:05 PM.


Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.6.0
The representations expressed are the representations and opinions of the clubcobra.com forum members and do not necessarily reflect the opinions and viewpoints of the site owners, moderators, Shelby American, any other replica manufacturer, Ford Motor Company. This website has been planned and developed by clubcobra.com and its forum members and should not be construed as being endorsed by Ford Motor Company, or Shelby American or any other manufacturer unless expressly noted by that entity. "Cobra" and the Cobra logo are registered trademarks for Ford Motor Co., Inc. clubcobra.com forum members agree not to post any copyrighted material unless the copyrighted material is owned by you. Although we do not and cannot review the messages posted and are not responsible for the content of any of these messages, we reserve the right to delete any message for any reason whatsoever. You remain solely responsible for the content of your messages, and you agree to indemnify and hold us harmless with respect to any claim based upon transmission of your message(s). Thank you for visiting clubcobra.com. For full policy documentation refer to the following link: CC Policy