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RE: Insurance Info...Please Read!!

To: Chris Kotting <ckotting@iwaynet.net>, "mgs@autox.team.net" <mgs@Autox.Team.Net>, "healeys@autox.team.net" <healeys@Autox.Team.Net>, "british-cars@autox.team.net" <british-cars@Autox.Team.Net>, "spridgets@autox.team.net" <spridgets@Autox.Team.Net>
Subject: RE: Insurance Info...Please Read!!
From: Jay Quinn <jpquinn@cyberramp.net>
Date: Wed, 10 Dec 1997 12:54:33 -0600
In-reply-to: <01BD0557.18BEE820.ckotting@iwaynet.net>
Reply-to: Jay Quinn <jpquinn@cyberramp.net>
Sender: owner-spridgets@Autox.Team.Net
Yeah, your right.

I've always heard (And said) the expression:

"Screwed to have it, screwed worse not to have it."  When referncing auto
insurance.

I think the part people hate is when the insurance adjuster offers a
stupidly low amount for your car like a used car salesman offers for your
trade-in.
 
$10K on open market - $650.00 for trade-in.

That kind of thing.

Q

PS  I work for an insurance company!  Health insurance and I don't deal
with claims, just systems, thank god.



At 10:33 AM 12/10/97 -0500, Chris Kotting wrote:
>I agree with the sentiments expressed, but there are exceptions to the 
>"insurance companies are out to screw you" rule.  We've carried both our 
>automobile and household insurance with Motorists Mutual for years.  We've 
>been offered (slightly) lower premiums from other insurers, but we've had 
>two claims with Motorists (one burglary, one totaled car).  In both cases 
>the claims were settled within a week, at FULL replacement value, no 
>hassles.
>
>That's the advantage in going with a "mutual" insurance company.  The 
>policyholders generally are the stockholders (complete with voting rights), 
>so there's no outside party to try to make a profit for.  They tend to be 
>more responsive to their policyholders.
>
>Usual disclaimers: I have no financial interest in Motorists (aside from 
>the fact that it's a mutual insurance company), blah, blah, blah.
>
>Chris Kotting
>ckotting@iwaynet.net
>
>-----Original Message-----
>From:  Jay Quinn [SMTP:jpquinn@cyberramp.net]
>Sent:  Wednesday, December 10, 1997 9:42 AM
>To:    ctp; mgs@autox.team.net; healeys@autox.team.net; 
>british-cars@autox.team.net; spridgets@autox.team.net
>Subject:       Re: Insurance Info...Please Read!!
>
>Well, the Insurance told us the other day that the car IS totaled.
>
>>From what I understand from several people on this list, as well as people
>around where I work, this is a very common practice with Insurance
>companies.  What else , right?
>
>It's their job to collect premiums, not give any money out.  So when it
>comes to that time, they keep the purse strings pretty tight.
>
>We have armed ourselves with Consumer Reports Used car prices, Newspapers
>car ads, Dealership quotes, Pace used car reports, and Edmunds.
>
>Our policy is full replacement value.  That means, what ever our car was
>worth at the time of theft, is what we get.  AND, not to forget to include
>the TTL figure to be added to what the car was worth, over and above.  In
>theory, we get all the money it will take to buy an exactly copy of the car
>we had from a dealer, once again.
>
>Now having said that, thats the tough part when dealing with insurance
>companies.  They have't met my wife yet.  :)
>
>We simply won't take anything until they live up to the letter of their
>policy. Full Replacement Value.  We have done an extensive amount of
>homework on that car.  This means we will have a car picked out indenticle
>to what we had on a lot with it's price tag matching what we had stolen.
>We have found a couple real close, but we are still looking.  Having done
>that and armed with written documentation of many other used cars prices...
> They will have to live up to it, or we don't accept.
>
>This has been one big pain in the ass.
>
>Car insurance has got to be the dirtiest business, just below used car
>salesman.
>
>Q
>
>--
>Jay Quinn - Business Systems Analyst
>Personal Email: jpquinn@cyberramp.net
>Work Email: jay_quinn@bcbstx.com
>2 Way Pager Email: 9120238@skytel.com
>http://www.cyberramp.net/~jpquinn/index.htm
>
>1962 Austin-Healey Sprite MKII HAN6L2874
>
>
--
Jay Quinn - Business Systems Analyst
Personal Email: jpquinn@cyberramp.net
Work Email: jay_quinn@bcbstx.com
2 Way Pager Email: 9120238@skytel.com
http://www.cyberramp.net/~jpquinn/index.htm

1962 Austin-Healey Sprite MKII HAN6L2874


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