At 10:39 AM 12/15/01 -0500, Stephan wrote:
>Seriously, the coverage is a regular policy, more so for general stuff, the
>actual value is based on appraised value, book value, market for similar
>vehicle in the area, this is in writing......
Stephan,
That's great. I didn't think about trying to go through AAA.
>But for me, the ins
>is to make it legal, and protect the typical stuff. In a total, I'm
>honestly more concerned with me than the car's value. Hell, it would just
>mean I won't spend another grand this month tinkering with it! I'm already
>ahead!!!! Shit happens, and the last thing anyone should buy a car for is
>an investment. I don't expect to get my money out of any hobby, and owning a
>brick is not just owning an automobile, it is a hobby. For me anyway.
I agree. However, in the case of a hit and run, being hit by an uninsured
motorist, etc, your insurance co. has to pay. So for that reason, I want
to make sure that my car is insured for $16K ish. I don't want them to
try and total it for $2K worth of damage.
There was a fellow on this list years ago, that wrecked his B. He had been
fixing it up as he drove it and had over $10K in it. But he had an actual
cash value policy and his ins. co. only gave him $3.8K for the car.
I'm just tying to protect my investment.
John
John T. Blair WA4OHZ email: jblair@exis.net
Va. Beach, Va Phone: (757) 495-8229
48 TR1800 48 #4 Midget 65 Morgan 4/4 Series V
75 Bricklin SV1 77 Spitfire 71 Saab Sonett III
65 Rambler Classic
Morgan: www.team.net/www/morgan
Bricklin: www.bricklin.org
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