Join Date: May 2001
Location: Somewhere over the rainbow
Over the last couple of nights on Today Tonight they had a couple of stories on GIO insurance that weren't paying out on claims. The first one involved this young guy (early twenties I suppose) bought a car for around $12,000 and went to insure it. GIO asked about police fines and he told them he had three, listed them on the policy, paid his money and received cover. A year goes past and it's renewal time. Again the guy pays the money and gets what he thought was insurance cover. A couple of months later he has a bingle and writes the car off.:( GIO wouldn't pay up because he got another speeding fine (forgot to tell GIO) during the time between when he first got insurance and when he crashed.
The other story was with a woman that had her car insured (with GIO again) and she went to claim for a bingle (write-off) and they refused to pay out cause they reckon her BF or husband was a "regular" driver (more than 8 times a year I think is their definition of regular) and wasn't nominated on the policy. Not sure if he was actually driving when the bingle happened (probably was I guess) but she claims that he very rarely drove the car because he has one of his own. She was going around getting stat decs etc from all her friends/relos/neighbours to say this. GIO generously agreed to "review" the claim, only after it had been crucified on primetime TV.
You know, somebody actually complimented me on my driving today. They left a little note on the windscreen. It said, 'Parking Fine.'So that was nice.