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Re: insurance

To: David Councill <>
Subject: Re: insurance
From: Mike Razor <>
Date: Mon, 10 May 1999 16:35:24 -0400
I have my "regular" cars with one agency.  Since I have more than one car with
them I get a multi-car discount.
I have all of my antique cars with an agency that deals with old cars and
offers an agreed value policy.  This is much cheaper than what my "regular" car
insurance  company would charge and as the regular company told me I might have
a hard time collecting what I feel the car is worth, they would only pay off
what they think the car is worth.  With Grundy (antique car insurance company)
we have an agreed upon value of what each car is worth and they will pay that
amount or repair/replace.  I am painfully aware of what and how they will pay,
I had an engine fire and Grundy paid off with no questions asked and brought my
TD back to, in my estimation better than the shape it was in.

David Council wrote:

> For you multicar owners, I have an insurance question. Do you insure all
> your cars through one company or is there a benefit to splitting them up?
> One of the final steps to putting my 67BGT on the road is insurance. My
> insurance company already gives me a 15% multicar discount for the four
> cars already insured.
> But due to a recent accident that my son had from another person's vehicle,
> I have had to put in a claim to my insurance company for medical coverage.
> Their policy covered $1000 medical, mine is $5k but I'm paying on each car
> nearly the full cost of separate policies(even though my wife and I can
> only be driving one car each at a time). So now I'm faced with the question
> - is the $5k medical covered by all four cars (or $20k total) or will they
> only honor the $5k. This doesn't count the "underinsured motorist"
> coverage. (my son's bills are already up to 112k so I'll find out
> eventually anyway).
> Naturally, if its the latter, then it would be prudent to insure my cars
> with different insurance companies at a slightly higher cost.
> Any lawyers with the answer to this one? Or experiences from you multi-car
> owners?
> David
> 67 BGT
> 71 BGT
> 74 Toyota Landcruiser
> 92 Ford Explorer
> and the wife's car 96 Ford Taurus

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