Hello??? DANMAS@aol.com
>
>In the example given, you might have a good chance to win, but if you are
>like most of us, with a car valued at, say $4,000, it might be difficult to
>fight a $2,500 replacement.
>
>As I said, I am NOT an expert, so please check it out for yourself. The laws
>may be different in other states, and it is not altogether unlikely that I am
>full of crap on this.
>
>Dan Masters,
>Alcoa, TN
>
>'71 TR6---------3000mile/year driver, fully restored
>'71 TR6---------undergoing full restoration and Ford 5.0 V8 insertion - see:
> http://www.sky.net/~boballen/mg/Masters/
>'74 MGBGT---3000mile/year driver, original condition
>'68 MGBGT---organ donor for the '74
When I lost my first Midget (due to an even older Olds with a teen
driver) I went through the same thing. I had a $3000 car and had to
settle for the 78 to get out of it. I had replaced the wheels, steering
wheel, and rebuilt the engine. for more than the car was worth (according
to the insurance CO). I am happy that I found another on a lot that I
only had to pay $2300 for. and I have rebuilt the engine, tranny etc
again. My dad says (and he's a CPA) that the car is only worth insuring
for liability. But after doing a rebuild on the suspension and brakes I
have put in as much as the car is worth. I do not want to loose the
investment. Any insurance agents on this list want to comment? (Probably
not, as they most likely drive Yugos - cheap to fix, not likely to be
stolen)
Larry Macy
78 Midget
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