[DeTomaso] Insurance Coverage Limits

Asa Jay Laughton asajay at asajay.com
Wed Apr 29 14:16:50 EDT 2015 

Yes, we already beat this to death last year.
Asa


Quoting Christopher Kimball <chrisvkimball at msn.com>:

> Are you with Hagerty?  I have $75,000 agreed value for about $500/yr.
> Chris
>
>> Date: Wed, 29 Apr 2015 16:50:42 +0000
>> From: asajay at asajay.com
>> To: detomaso at poca.com
>> Subject: Re: [DeTomaso] Insurance Coverage Limits
>>
>> 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
>> >>>
>> >>>
>> >>> This email is protected by the Electronic Communications Privacy
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>> >>> communication is strictly prohibited.  Please reply to the  
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>> >>> have received this message in error, then delete it.  Thank you
>> >>>
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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
>> > privileged.  If you are not the intended recipient, you are  
>> hereby notified
>> > that any retention, dissemination, distribution or copying of this
>> > communication is strictly prohibited.  Please reply to the sender that you
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>> >
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>> --
>> Asa Jay Laughton - sent from somewhere other than home
>> ******************************************************
>> http://www.racingagainstautism.com
>> http://www.teampanteraracing.com
>>
>>
>>
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-- 
Asa Jay Laughton - sent from somewhere other than home
******************************************************
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