[DeTomaso] Insurance Coverage Limits

[Asa Jay Laughton]

Wow, really?
I increased mine from $21k to $50k last year and my premium went up  
$500.  I tried other insurers but they didn't like the fact I've raced  
it, recently.  So now I'm stuck with a high premium.


Asa Jay


Quoting Larry Weston <lplugw at hotmail.com>:

> Called Hagerty and bumped my agreed value coverage to $80k, based on  
> their valuation page.
>
> I was pitifully low at $35k coverage (purchase price in 2006).
>
> $83 more a year and they want a recent photo for their file.
>
> From: michaelsavga at gmail.com
> Date: Wed, 29 Apr 2015 10:57:51 -0400
> To: charlesmccall at gmail.com
> CC: detomaso at poca.com
> Subject: Re: [DeTomaso] Insurance Coverage Limits
>
> Because I feel that mine is worth more and I see the rising values,
>
> all of them will eventually be asking if you are smart enough to keep your
> coverage
>
> in line with market pricing.
>
> My engine alone is worth a great deal and  if not me, who?
>
> Links would be appreciated, anecdotal values won't help much.
>
> Thanks
>
> Michael
>
>
> On Wed, Apr 29, 2015 at 10:49 AM, Charles McCall <charlesmccall at gmail.com>
> wrote:
>
>> Don't know, but my classic car insurance company in Spain made a similar
>> request. I sent them ads to justify increasing the value on my policy.
>> After a few, erm, debates they sent an appraiser to look at my car and I'm
>> waiting for his report. In my case, I have more interest in being properly
>> insured than they do, so I did some of the legwork to make sure it was
>> right.
>>
>> I'd be really happy if I could have a policy that says "if my car blows
>> up, I just want another one in the same condition, not more, not less". I
>> don't want to make money or lose money, just make sure that my investment
>> is covered.
>>
>> On Wed, Apr 29, 2015 at 4:41 PM, Julian Kift <julian_kift at hotmail.com>
>> wrote:
>>
>>>    Send them a link to the Hagerty valuation page, that is made up of a
>>>    cross section of sales, or a copy of the relevant page from latest
>>>    Glass's Classic car value guide.
>>>
>>>    The question is why do you have to do the legwork and become their risk
>>>    underwriter? They should be aware of the current market values,
>>>    unless you are trying to convince them you have a 1:10 or so that is
>>>    worth signiificantly more?
>>>
>>>    Julian
>>>
>>>
>>>    From: michaelsavga at gmail.com
>>>    Date: Wed, 29 Apr 2015 10:23:11 -0400
>>>    To: detomaso at poca.com
>>>    Subject: [DeTomaso] Insurance Coverage Limits
>>> Greetings all,
>>>
>>> In light of the rapidly rising values of our cars, we need to establish a
>>> database of recent sales for comps to supply to carriers.
>>>
>>> My agency Barrett-Jackson ( AIG underwrites it ) is asking.
>>>
>>> If any or all of you can send links to recent sales at any location,
>>> private sale, auction, dealer.
>>>
>>> Please help,
>>>
>>> I'll share all the info.
>>>
>>> Michael Shortt
>>>
>>> --
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>> Michael L. Shortt
>>> Savannah, Georgia
>>> www.michaelshortt.com
>>> michael at michaelshortt.com
>>> 912-232-9390
>>>
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>>
>
>
> --
>
>
>
>
>
>
>
> Michael L. Shortt
> Savannah, Georgia
> www.michaelshortt.com
> michael at michaelshortt.com
> 912-232-9390
>
>
> This email is protected by the Electronic Communications Privacy
> Act, 18 U.S.C. Sec. 2510-2521, is confidential and may be legally
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-- 
Asa Jay Laughton - sent from somewhere other than home
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