[DeTomaso] Collector car Insurance

[Boyd Casey]

I'm not an expert but i believe that is an important feature (and
difference) between a  "stated value "policy and an "Agreed upon" value
policy. I had a 911 that was stolen (around 15 years ago) it was not a
"classic" car. I had a stated value policy.  When I told the insurance
company what I wanted to insure the car for they didn't ask any questions,
they just collected the premium. When it was stolen they asked a million
questions and made me prove every penny of value. My new policy with Grundy
clearly states that it is an "agreed upon" value and in the event of a lose
I will be paid that value. With my old policy with American modern Home I
wanted to raise the "agreed value" of my policy (it had not changed in 6
years and as you all know pantera values have gone up and I have spent
around $20K on modifications. AMH wanted me to provide proof that Pantera
values had risen. Grundy didn't ask for anything other then a photo of the
car and a description of the modifications. It was a very simple and
painless process.
Boyd


On Thu, May 1, 2014 at 4:43 PM, Himes, Terry (397C) <
terry.himes at jpl.nasa.gov> wrote:

>    For my 2c worth, it's always better to get an appraisal.   Then if
>    anything happens and they
>    question the value (and they will) to NOT pay you what your car's worth
>    (read:  weasel clause)
>    you will have documentation to back you up.  It only cost me $50. and I
>    feel much better.
>    (it might have been a little more, I can't remember)
>    Terry
>
>    Terry W. Himes
>
>    JPL Jet Propulsion Laboratory
>
>    Deep Impact Sequence Team Lead
>
>    Deep Impact Spacecraft Engineer & Activity Lead
>
>    Rosetta/MEX/VEX Sequence Team Lead
>
>    Phone: (818) 393-6261
>
>    Cell:     (818) 653-8213
>
>    Fax:     (818) 393-3147
>
>    [1]thimes at jpl.nasa.gov
>
>    From: Tom Cabanski <[2]tcabanski at tencom.com>
>    Date: Thursday, May 1, 2014 11:26 AM
>    To: "[3]detomaso at poca.com" <[4]detomaso at poca.com>
>    Subject: Re: [DeTomaso] Collector car Insurance
>
>    I have Infinity, but they want me to get an appraisal to give me a
>    agreed upon value.
>    I just update my insurance for my '73 for $331.
>    Did they make you do anything special to get an agreed upon value of
>    $60K?
>
> References
>
>    1. mailto:thimes at jpl.nasa.gov
>    2. mailto:tcabanski at tencom.com
>    3. mailto:detomaso at poca.com
>    4. mailto:detomaso at poca.com
>
> _______________________________________________
>
> Detomaso Forum Managed by POCA
>
> DeTomaso mailing list
> DeTomaso at poca.com
> http://poca.com/mailman/listinfo/detomaso_poca.com
>
>
-------------- next part --------------
   I'm not an expert but i believe that is an important feature (and
   difference) between a A "stated value "policy and an "Agreed upon"
   value policy. I had a 911 that was stolen (around 15 years ago) it was
   not a "classic" car. I had a stated value policy. A When I told the
   insurance company what I wanted to insure the car for they didn't ask
   any questions, they just collected the premium. When it was stolen they
   asked a million questions and made me prove every penny of value. My
   new policy with Grundy clearly states that it is an "agreed upon" value
   and in the event of a lose I will be paid that value. With my old
   policy with American modern Home I wanted to raise the "agreed value"
   of my policy (it had not changed in 6 years and as you all know pantera
   values have gone up and I have spent around $20K on modifications. AMH
   wanted me to provide proof that Pantera values had risen. Grundy didn't
   ask for anything other then a photo of the car and a description of the
   modifications. It was a very simple and painless process.
   Boyd

   On Thu, May 1, 2014 at 4:43 PM, Himes, Terry (397C)
   <[1]terry.himes at jpl.nasa.gov> wrote:

     A  A For my 2c worth, it's always better to get an appraisal. A
     Then if
     A  A anything happens and they
     A  A question the value (and they will) to NOT pay you what your
     car's worth
     A  A (read: A weasel clause)
     A  A you will have documentation to back you up. A It only cost me
     $50. and I
     A  A feel much better.
     A  A (it might have been a little more, I can't remember)
     A  A Terry
     A  A Terry W. Himes
     A  A JPL Jet Propulsion Laboratory
     A  A Deep Impact Sequence Team Lead
     A  A Deep Impact Spacecraft Engineer & Activity Lead
     A  A Rosetta/MEX/VEX Sequence Team Lead
     A  A Phone: [2](818) 393-6261
     A  A Cell: A  A  [3](818) 653-8213
     A  A Fax: A  A  [4](818) 393-3147
     A  A [1][5]thimes at jpl.nasa.gov
     A  A From: Tom Cabanski <[2][6]tcabanski at tencom.com>
     A  A Date: Thursday, May 1, 2014 11:26 AM
     A  A To: "[3][7]detomaso at poca.com" <[4][8]detomaso at poca.com>

   A  A Subject: Re: [DeTomaso] Collector car Insurance

   A  A I have Infinity, but they want me to get an appraisal to give me a
   A  A agreed upon value.
   A  A I just update my insurance for my '73 for $331.
   A  A Did they make you do anything special to get an agreed upon value
   of
   A  A $60K?

     References
     A  A 1. mailto:[9]thimes at jpl.nasa.gov
     A  A 2. mailto:[10]tcabanski at tencom.com
     A  A 3. mailto:[11]detomaso at poca.com
     A  A 4. mailto:[12]detomaso at poca.com
     _______________________________________________
     Detomaso Forum Managed by POCA
     DeTomaso mailing list
     [13]DeTomaso at poca.com
     [14]http://poca.com/mailman/listinfo/detomaso_poca.com

References

   1. mailto:terry.himes at jpl.nasa.gov
   2. tel:%28818%29%20393-6261
   3. tel:%28818%29%20653-8213
   4. tel:%28818%29%20393-3147
   5. mailto:thimes at jpl.nasa.gov
   6. mailto:tcabanski at tencom.com
   7. mailto:detomaso at poca.com
   8. mailto:detomaso at poca.com
   9. mailto:thimes at jpl.nasa.gov
  10. mailto:tcabanski at tencom.com
  11. mailto:detomaso at poca.com
  12. mailto:detomaso at poca.com
  13. mailto:DeTomaso at poca.com
  14. http://poca.com/mailman/listinfo/detomaso_poca.com