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Re: Tiger Insurance

To: Terry Morton <TMorton@bma1915.com>
Subject: Re: Tiger Insurance
From: Steve Laifman <SLaifman@socal.rr.com>
Date: Fri, 07 May 2004 10:04:03 -0700
Terry,

As discussed in previous list posts, there is nothing wrong with "Agreed 
Value", as far as the insurance company is concerned.  They owe you no 
more for a "total" than the normal "ACV"   (Actual Cash Value). UNLESS 
you have a current (to them) appraised (by an appraiser they agree is 
acceptable in advance", and you have documentation of a "recent enough" 
physical inspection appraisal.  It's all on YOU to prove the value.  
Otherwise it is the average of the last 10 sales in what THEY consider 
close enough condition.

Nice deal - for them,

Might also have a few restrictions, such as limited to driving on 
licensed Federal Holidays every 3rd 29th of February for no more than 10 
miles, or 10 minutes, whichever comes first.  No displays of speed, no 
contests, no competitions (including Auto-X).  Concourse could be next.

In other words, read the finest print, and know what they aren't telling 
you. There ARE a few honest (but expensive) brokers out there with 
almost livable terms.

Steve

Terry Morton wrote:

>Fellow Tiger owners,
>
>It is almost time for my insurance renewal and I'm considering shopping.
>Any companies to avoid (horror stories) or any highly recommended? What
>hidden issues are there with Agreed Value policies?
>
>
>
>Thanks for your input and advice,
>
>Terry Morton
>  
>
-- 
-----

Steve Laifman
Editor
http://www.TigersUnited.com





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