Thanks Tab,
BTW we're moving towards the ? (EURO).
Many of the European countries use this currency for 1.5 years now.
Cheers,
Hans
----- Original Message -----
From: "Tab Julius" <tab@penworks.com>
To: "Hans Duinhoven" <h.duinhoven@planet.nl>
Cc: <mgs@autox.team.net>
Sent: Saturday, June 21, 2003 12:08 AM
Subject: Re: Insurance habits
>
> Since my MG is insured for it's "sale value" (probably not replacement
cost
> - that would be higher, but still higher than regular book value), I had
to
> get an appraisal and submit it to my insurance company, along with some
> photos. I'm in the States.
>
> So, that's not out of line if you're asking for something more than the
> book value. As far as updates every three years, I don't think that's an
> unreasonable request.
>
> Otherwise you could just claim it was worth 10 million krone (or whatever)
> and who are they to say otherwise? So, some official appraisal value is a
> reasonable request if you're not going for book.
>
> - Tab
>
>
> At 03:16 PM 6/20/03, Hans Duinhoven wrote:
> >Hi,
> >
> >Got a letter from my insurance company.
> >I've got to get a fresh report by an expert what's my BGT is worth.
> >This is to have my insurance cover the actual value of my classic, rather
> >than using the typical depreciated value.
> >The report should be sent to the insurance every three years, in order to
> >keep the coverage.
> >
> >Is this typical in other coutries as well?
> >
> >Cheers,
> >
> >Hans Duinhoven
> >Netherlands
> >'71 BGT
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