[DeTomaso] Insurance Coverage Limits

[marshall smith]

FYI on the cost of insurance with Hagerty. These figures are for no points, 501 to 2500 miles, garage kept, zero deductible and multi-car discount:

$40,000 value    $225.00/year
$50,000 value    $282.00/year
$70,000 value    $395.00/year
$85,000 value    $479.00/year

Marshall


--------------------------------------------
On Thu, 4/30/15, Forest Goodhart <forestg at att.net> wrote:

 Subject: Re: [DeTomaso] Insurance Coverage Limits
 To: "Jordan Klein" <ohjordan at hotmail.com>, "detomaso at poca.com" <detomaso at poca.com>
 Date: Thursday, April 30, 2015, 11:59 AM
 
    In
 California the mileage per year has a big affect on premium
 costs.
  
    __________________________________________________________________
 
    From: Jordan
 Klein <ohjordan at hotmail.com>
    To: detomaso at poca.com
    Sent: Thursday, April 30, 2015
 11:47 AM
    Subject: Re:
 [DeTomaso] Insurance Coverage Limits
  
    Wow,
      I'd
 like to know more how one obtains a Hagerty $85k guaranteed
 value
      California policy for
 $320/year?
      I've been w
 Hagerty for 15+ years, 45 years driving experiance, no
      claims, no tickets, just got
 my renewal notice for a $50k agreed
    value
  
    100/300k California policy for $610.  My car
 is a low mileage
      original,
 Calif. garage stored, & hasn't gone 1000 miles in
 the last
    10
  
    years.
      When I
 hear others are getting more insurance for ~ half and we
 live
      <100 miles apart; I
 feel like I'm getting screwed & Hagerty just
    makes
  
    up premiums to whatever they think the
 "market will bear".
  
    Now I think I need to go insurance
 shopping!
      Jordan 7314
      From: [1]terry.himes at jpl.nasa.gov
      To: [2]MikeLDrew at aol.com;
 [3]detomaso at poca.com
      Date: Thu, 30 Apr 2015
 17:39:22 +0000
      Subject: Re:
 [DeTomaso] Insurance Coverage Limits
    I agree.  I am paying Haggerty
 $320. a year for $85k value.  A good
    deal to pr
    otect 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 s
    ome 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
    [4]thimes at jpl.nasa.gov<mailto:[5]thimes at jpl.nasa.gov>
    &#x1f1fa;&#x1f1f8;
    From: Mike Drew via DeTomaso
    <[6]detomaso at poca.com<mailto:[7]detomaso at poca.com>>
    Reply-To: "[8]MikeLDrew at aol.com<mailto:[9]MikeLDrew at aol.com>"
    <[10]MikeLDrew at aol.com<mailt
    o:[11]MikeLDrew at aol.com>>
    Date: Thursday, April 30, 2015
 10:22 AM
    To: "[12]detomaso at poca.com<mailto:[13]detomaso at poca.com>"
    <[14]detomaso at poca.com<mailto:deto
    [15]maso 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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 References
 
    1. mailto:terry.himes at jpl.nasa.gov
    2. mailto:MikeLDrew at aol.com
    3. mailto:detomaso at poca.com
    4. mailto:thimes at jpl.nasa.gov
    5. mailto:thimes at jpl.nasa.gov
    6. mailto:detomaso at poca.com
    7. mailto:detomaso at poca.com
    8. mailto:MikeLDrew at aol.com
    9. mailto:MikeLDrew at aol.com
   10. mailto:MikeLDrew at aol.com
   11. mailto:MikeLDrew at aol.com
   12. mailto:detomaso at poca.com
   13. mailto:detomaso at poca.com
   14. mailto:detomaso at poca.com
   15. mailto:maso at poca.com
   16. mailto:DeTomaso at poca.com
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