For those of you who have been watching my Twitter feed, you probably know that on Monday night this week my car was broken into and my GPS system was stolen. The car was parked out the front of where I live in Melbourne and at some point during the night my drivers side window was smashed (and GPS removed).
I found out about it at about quarter past four in the morning when I walked out to the car to head off to the airport for an early flight. I was still a bit sleepy and didn’t notice until I actually saw glass on the ground next to the car and even then it took a good few seconds for it to register what had happened.
Anyway – I decided not to go to Sydney and stay in Melbourne to sort out the repairs and insurance side of things as well as lodge a police report. The fun as you can imagine started when I called the insurance company.
The long and the short of it is that I am indeed covered for window breakage, however there is an excess of $450 dollars on the policy (I was clearly a cheapskate when I took out the insurance). Anyway – that seemed a bit steep for a drivers side window so I called the glass company and they quoted $320 including labour. I cancelled the insurance claim since I already have a spare GPS and doing the running around would cost me more than $100 dollars.
However – this entire episode got me thinking about the value of insurance and I asked the lady on the line at the insurance company what the value of the product really was and she suggested that its really helpful if I run into a Ferrari and its my fault. Great – I’ve got Ferrari Insurance.