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Re: [Spridgets] Insurance -- again!

To: Jay <jfishbein@snet.net>, Spridgets@autox.team.net
Subject: Re: [Spridgets] Insurance -- again!
From: Edward Perez <eap2140@yahoo.com>
Date: Mon, 28 Feb 2011 07:08:12 -0800 (PST)
Good stuff, Jay... thanks.

 Edward Perez
Summerville, SC
78 Midget (1275)
http://www.flickr.com/photos/lbc_newbie/




________________________________
From: Jay <jfishbein@snet.net>
To: Spridgets@autox.team.net
Sent: Mon, February 28, 2011 10:06:09 AM
Subject: Re: [Spridgets] Insurance -- again!

I assume you are concerned with obtaining physical damage coverage 
(Comprehensive and collision). (Most insurance companies will add for liability 
coverages.)

When you find a company that will provide coverage, find out if they offer 
"Stated Amount" or "Agreed Value" coverage. Those are defined terms within the 
policy, not slang or street language.

"Stated Amount" is a rating mechanism. The "Stated Amount" shown is used for 
rating purpose; to develop the cost of the comprehensive and collision 
coverage. 

It doesn't expand coverage and does not guarantee that you will be paid the 
"Stated Amount".

"Agree Value" comprehensive and collision coverage is the amount that you and 
the insurance company agree is the value of the vehicle in the event of a total 
loss and the amount upon which partial losses will be based. 


GEICO is as good as your knowledge of insurance and the GEICO representative's 
knowledge of insurance who you speak with during each particular phone call. 
GEICO is geared to sell insurance, not to necessarily make the proper 
recommendations for protection based on each policyholder's financial needs.

jay fishbein
wallingford, ct





________________________________
From: Edward Perez <eap2140@yahoo.com>
To: Spridgets@autox.team.net
Sent: Mon, February 28, 2011 9:34:10 AM
Subject: [Spridgets] Insurance -- again!

I am looking to make a daily driver out of my 78 Midget and was wondering what 
other types of insurance people have found outside of Hagerty and the collector 
car type insurance companies (too expensive if you use it daily).  Companies 
like Geico are now offering coverage, just not sure how good it is.  My current 
insurance company won't cover the car.
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