[DeTomaso] Insurance Coverage Limits

[Himes, Terry (397C)]

I agree.   I am paying Haggerty $320. a year for $85k value.   A good deal to protect the
value of the car.  Besides, Ins Co's pay big $money$ to lobby state legislatures to require
liability insurance in almost every state.   So, in California, you must carry some insurance
to register your vehicle.  Even if you are a 1%'er.  ;-)




"Sometimes I think the surest signs that intelligent life
  exists elsewhere in the universe is that none of it has tried
  to contact us!"

Terry W. Himes [cid:50258F42-0C4B-44EC-AC91-78B9D5FE75B1]
JPL Jet Propulsion Laboratory
InSight Sequence Team Lead
Rosetta/MEX Sequence Team Lead
Phone: (818) 393-6261
Cell:     (818) 653-8213
Fax:     (818) 393-3147
thimes at jpl.nasa.gov<mailto:thimes at jpl.nasa.gov>
🇺🇸

From: Mike Drew via DeTomaso <detomaso at poca.com<mailto:detomaso at poca.com>>
Reply-To: "MikeLDrew at aol.com<mailto:MikeLDrew at aol.com>" <MikeLDrew at aol.com<mailto:MikeLDrew at aol.com>>
Date: Thursday, April 30, 2015 10:22 AM
To: "detomaso at poca.com<mailto:detomaso at poca.com>" <detomaso at poca.com<mailto:detomaso at poca.com>>
Subject: Re: [DeTomaso] Insurance Coverage Limits

All,

Another thought--one long-term risk of under-insuring your car is that the
threshold for it being considered a total loss is that much lower.   For
instance, if you only have your Pantera insured for $25K, even a minor
fender-bender that is easily repaired could cause the insurance company to total the
car out.   You always have the option of buying the wreck and then using
the money to fix it, but then the car is forever tainted with a salvage title.

Mike (calling today to raise his limits--it's been more than a year and
values have once again outdistanced my coverage....)
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   I agree.   I am paying Haggerty $320. a year for $85k value.   A good
   deal to protect the
   value of the car.  Besides, Ins Co's pay big $money$ to lobby state
   legislatures to require
   liability insurance in almost every state.   So, in California, you
   must carry some insurance
   to register your vehicle.  Even if you are a 1%'er.  ;-)

   "Sometimes I think the surest signs that intelligent life

     exists elsewhere in the universe is that none of it has tried

     to contact us!"

   Terry W. Himes  [cid:50258F42-0C4B-44EC-AC91-78B9D5FE75B1]

   JPL Jet Propulsion Laboratory

   InSight Sequence Team Lead

   Rosetta/MEX Sequence Team Lead

   Phone: (818) 393-6261

   Cell:     (818) 653-8213

   Fax:     (818) 393-3147

   [1]thimes at jpl.nasa.gov

   From: Mike Drew via DeTomaso <[2]detomaso at poca.com>
   Reply-To: "[3]MikeLDrew at aol.com" <[4]MikeLDrew at aol.com>
   Date: Thursday, April 30, 2015 10:22 AM
   To: "[5]detomaso at poca.com" <[6]detomaso at poca.com>
   Subject: Re: [DeTomaso] Insurance Coverage Limits

   All,
   Another thought--one long-term risk of under-insuring your car is that
   the
   threshold for it being considered a total loss is that much lower.
   For
   instance, if you only have your Pantera insured for $25K, even a minor
   fender-bender that is easily repaired could cause the insurance company
   to total the
   car out.   You always have the option of buying the wreck and then
   using
   the money to fix it, but then the car is forever tainted with a salvage
   title.
   Mike (calling today to raise his limits--it's been more than a year and
   values have once again outdistanced my coverage....)

References

   1. mailto:thimes at jpl.nasa.gov
   2. mailto:detomaso at poca.com
   3. mailto:MikeLDrew at aol.com
   4. mailto:MikeLDrew at aol.com
   5. mailto:detomaso at poca.com
   6. mailto:detomaso at poca.com
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