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Re: Insurance... for Racing?

To: "Denise Thorpe" <>, "MGS" <>
Subject: Re: Insurance... for Racing?
From: "Andrew B. Lundgren" <>
Date: Sun, 17 Feb 2002 15:47:55 -0700
If it was deemed as your fault (unavoidable or otherwise) you can buy
the wreak back for the same price as their salvage yard bids.  The I
have an OD tranny and an AL head.  The highest (and only) offer on my
car was $300, so that is what is cost me.

Hagerty was very easy to work with, though they will no longer insure
me.  (Came over a hill and traffic was stopped on the other side...  Oh
well.  She is fixed now.)

On Sun, 17 Feb 2002 14:46:49 -0500, Denise Thorpe wrote:

>Speaking of 'retention of wreck,' I don't know if American listers know
>this, but if your car is totaled in an accident that was NOT your fault,
>you can keep the money from the insurance company AND keep the car.  Paying
>you for your car doesn't mean the insurance company owns it.  If the
>accident WAS your fault, then you can't keep the car.  I guess that the
>insurance companies want to keep people from driving their cars into a
>bridge abutment and making a profit by fixing it themselves.  This isn't a
>law and getting to keep the totaled car isn't automatic--it requires some
>whining and maybe threatening--but when you're dealing with the insurance
>company of a person who destroyed your property and maybe endangered your
>life, you're in a much stronger position than they are.  And they don't
>want your car anyway.

Andrew Lundgren

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