Yes but it is a matter of a buck or two and certainly worth it for the peace
of mind. Last time it was an increase of about $5k for an increase in
premium of around SIX dollars.
John Sims, BN6
Aberdeen, NJ
www.healey6.com
-----Original Message-----
From: Quinn, Patrick [mailto:Patrick.Quinn@det.nsw.edu.au]
Sent: Wednesday, January 11, 2006 5:14 PM
To: healeyolic; Brashear, Jack, N; Jim Parish; healeys@autox.team.net
Subject: RE: insurance
G'day
As a matter of interest if your insurer increases the stated market
value of your car does the annual premium you have to pay also
increase?
I'm not aware that this exists here in Australia except for lower priced
vehicles, but then again it works going down in price. Such as it's just
not possible to insure a 1979 Honda Civic for $50,000.
For collectable cars you can insure it for an agreed value providing
it's reasonable and you want to pay the appropriate premium.
Hoo Roo
Patrick Quinn
Sydney, Australia
1947 Healey Duncan Saloon
1954 Austin-Healey 100 BN3/1
Both insured on an agreed value.
-----Original Message-----
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