[DeTomaso] Insurance valuation

Pantdino pantdino at aol.com
Tue Oct 6 17:03:33 EDT 2015


But do keep in mind that above a certain amount ($60K?) you are really only insuring against a total loss or unrecovered theft.  What the odds of that happening?
 
So you are paying in this case 50% more for your insurance with a microscopically small chance of it benefitting you
 
Jim
 
 
-----Original Message-----
From: Arjun Ghosh-Dastidar <arjun.ghoshdastidar at gmail.com>
To: detomaso <detomaso at poca.com>
Sent: Mon, Oct 5, 2015 6:10 pm
Subject: [DeTomaso] Insurance valuation


Got my insurance renewal letter in the mail today and the carrier is
   pegging
replacement value of valuing an unrestored car at $90K for
   2016. Spoke with
my agent to confirm this.
   If your car is insured at an agreed value below
this amount, time to
   call your agent and up the amount.
   For the rest of
you peeps, further proof that the value of our cars is
   on the rise and even
the stingiest appraisers are giving $90K for
   replacement value.

 
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-------------- next part --------------
   But do keep in mind that above a certain amount ($60K?) you are really
   only insuring against a total loss or unrecovered theft.  What the odds
   of that happening?



   So you are paying in this case 50% more for your insurance with a
   microscopically small chance of it benefitting you



   Jim





   -----Original Message-----
   From: Arjun Ghosh-Dastidar <arjun.ghoshdastidar at gmail.com>
   To: detomaso <detomaso at poca.com>
   Sent: Mon, Oct 5, 2015 6:10 pm
   Subject: [DeTomaso] Insurance valuation
Got my insurance renewal letter in the mail today and the carrier is
   pegging
replacement value of valuing an unrestored car at $90K for
   2016. Spoke with
my agent to confirm this.
   If your car is insured at an agreed value below
this amount, time to
   call your agent and up the amount.
   For the rest of
you peeps, further proof that the value of our cars is
   on the rise and even
the stingiest appraisers are giving $90K for
   replacement value.

_______________________________________________

Detomaso Forum Managed by
POCA
Posted emails must not exceed 1.5 Megabytes
DeTomaso mailing
list
[1]DeTomaso at poca.com
[2]http://poca.com/mailman/listinfo/detomaso_poca.com

To
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above.

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