[DeTomaso] Collector car Insurance
Pantdino
pantdino at aol.com
Fri May 2 00:22:37 EDT 2014
It seems to me the role of Grundy, Hagerty, etc is to serve as an AGENT between you and the company.
I use Heacock Classic, which I think was called Parish Heacock 20 years ago when I first started working with them.
I have added or changed values of 4 cars in the last few years. When I do I am assigned to an agent who discusses the car with me and asks for photos, which I email. it is his job TO KNOW HOW MUCH CARS ARE WORTH AND WHAT MY CAR IN PARTICULAR IS WORTH. I have never had a problem with the number I request, but I try to be realistic / conservative.
When you deal with the company directly you speak to a secretary who doesn't even know what a Pantera is and is not going to know what it is worth. So she is taking your word for it that the number you give is accurate. Once an accident occurs a bunch of bean counters who also don't know anything about classic cars will try to decide if what you said was fair.
The lesson is to get an agreed value policy thru one of the companies that deal with classic cars every day.
If you have to provide proof of what your car is worth you are dealing with the wrong people
Jim
-----Original Message-----
From: Boyd Casey <boyd411 at gmail.com>
To: Himes, Terry (397C) (397C) <terry.himes at jpl.nasa.gov>
Cc: detomaso <detomaso at poca.com>; Tom Cabanski <tcabanski at tencom.com>
Sent: Thu, May 1, 2014 6:05 pm
Subject: Re: [DeTomaso] Collector car Insurance
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
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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
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http://poca.com/mailman/listinfo/detomaso_poca.com
-------------- next part --------------
It seems to me the role of Grundy, Hagerty, etc is to serve as an AGENT
between you and the company.
I use Heacock Classic, which I think was called Parish Heacock 20 years
ago when I first started working with them.
I have added or changed values of 4 cars in the last few years. When I
do I am assigned to an agent who discusses the car with me and asks for
photos, which I email. it is his job TO KNOW HOW MUCH CARS ARE WORTH
AND WHAT MY CAR IN PARTICULAR IS WORTH. I have never had a problem
with the number I request, but I try to be realistic / conservative.
When you deal with the company directly you speak to a secretary who
doesn't even know what a Pantera is and is not going to know what it is
worth. So she is taking your word for it that the number you give is
accurate. Once an accident occurs a bunch of bean counters who also
don't know anything about classic cars will try to decide if what you
said was fair.
The lesson is to get an agreed value policy thru one of the companies
that deal with classic cars every day.
If you have to provide proof of what your car is worth you are dealing
with the wrong people
Jim
-----Original Message-----
From: Boyd Casey <boyd411 at gmail.com>
To: Himes, Terry (397C) (397C) <terry.himes at jpl.nasa.gov>
Cc: detomaso <detomaso at poca.com>; Tom Cabanski <tcabanski at tencom.com>
Sent: Thu, May 1, 2014 6:05 pm
Subject: Re: [DeTomaso] Collector car Insurance
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][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][2]thimes at jpl.nasa.gov
A A From: Tom Cabanski <[2][6][3]tcabanski at tencom.com>
A A Date: Thursday, May 1, 2014 11:26 AM
A A To: "[3][7][4]detomaso at poca.com" <[4][8][5]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. [6]mailto:[9]thimes at jpl.nasa.gov
A A 2. [7]mailto:[10]tcabanski at tencom.com
A A 3. [8]mailto:[11]detomaso at poca.com
A A 4. [9]mailto:[12]detomaso at poca.com
_______________________________________________
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DeTomaso mailing list
[13][10]DeTomaso at poca.com
[14][11]http://poca.com/mailman/listinfo/detomaso_poca.com
References
1. [12]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. [13]mailto:thimes at jpl.nasa.gov
6. [14]mailto:tcabanski at tencom.com
7. [15]mailto:detomaso at poca.com
8. [16]mailto:detomaso at poca.com
9. [17]mailto:thimes at jpl.nasa.gov
10. [18]mailto:tcabanski at tencom.com
11. [19]mailto:detomaso at poca.com
12. [20]mailto:detomaso at poca.com
13. [21]mailto:DeTomaso at poca.com
14. [22]http://poca.com/mailman/listinfo/detomaso_poca.com
_______________________________________________
Detomaso Forum Managed by POCA
DeTomaso mailing list
[23]DeTomaso at poca.com
[24]http://poca.com/mailman/listinfo/detomaso_poca.com
References
1. mailto:terry.himes at jpl.nasa.gov
2. mailto:thimes at jpl.nasa.gov
3. mailto:tcabanski at tencom.com
4. mailto:detomaso at poca.com
5. mailto:detomaso at poca.com
6. mailto:[9]thimes at jpl.nasa.gov?
7. mailto:[10]tcabanski at tencom.com?
8. mailto:[11]detomaso at poca.com?
9. mailto:[12]detomaso at poca.com?
10. mailto:DeTomaso at poca.com
11. http://poca.com/mailman/listinfo/detomaso_poca.com
12. mailto:terry.himes at jpl.nasa.gov?
13. mailto:thimes at jpl.nasa.gov?
14. mailto:tcabanski at tencom.com?
15. mailto:detomaso at poca.com?
16. mailto:detomaso at poca.com?
17. mailto:thimes at jpl.nasa.gov?
18. mailto:tcabanski at tencom.com?
19. mailto:detomaso at poca.com?
20. mailto:detomaso at poca.com?
21. mailto:DeTomaso at poca.com?
22. http://poca.com/mailman/listinfo/detomaso_poca.com
23. mailto:DeTomaso at poca.com
24. http://poca.com/mailman/listinfo/detomaso_poca.com
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