As Astro the dog(Jetsons) would say...RUTRO... we're in it now.
Michael in San Antonio
91GL AT 'Gringo'
73 Beetle

On Wed, Dec 16, 2009 at 4:40 PM, Dave Mcneely <mcneely4@cox.net> wrote:

> The only insurance required here is liability.  So, in NZ, if a drunk
> destroys your vehicle and kills your wife with his car, and he has neither
> liability insurance nor resources, where will you turn for compensation?
>  Just askin'............ .
>
> Financial responsibility is a part of affording to own and operate a (or
> eight) vehicle(s).  Not moral preaching, just a societal necessity.
>
> Dave Mc
>
>
>
> On Wed, Dec 16, 2009 at 3:33 PM, Andrew Grebneff wrote:
>
>   Yeah, at $300 a month for insurance I would be paying out the total cost
>>> of my 1.8 inline 84 in just ten months!  Fer gid it!
>>>
>>
>> This is what happens whan insurance is legally required. Pricejacking,
>> which is probably illegal there (it is here) nevertheless happens...
>> captive market, so no real need for insurance companies to compete.
>>
>> What about someone who owns EIGHT cars, as my wife and I do??
>>
>> In New Zealand insurance is NOT mandatory and I wouldn't have to pay
>> that much for a YEAR's insurance. Third-party (liability) cover is
>> recommended but not required. Please don't yap back about moral
>> obligations etc... just see what you guys have to put up with and
>> think again. Most people NEVER have a serious accident (which most
>> certainly doesn't mean they are good or safe drivers!).
>>
>> Of course mandatory insurance will be introduced here eventually...
>> which will be major a step (leap) in the wrong direction.
>>
>> --
>> Regards
>> Andrew Grebneff
>> Dunedin
>> New Zealand
>> Fossil preparator
>> Mollusc, Toyota & VW van fan
>>
>