At 10:54 PM 9/15/98 -0400, you wrote:
> Any comments ?
I have a few good things to say about it.
I bought my policy from American Collectors Insurance, but if you go look
at a copy of Hemmings Motor News, you'll fin others advertising.
I disagree with Barney about it being lose/lose, if I read his letter right.
If the Company sells you insurance based on "Agreed Value" and you total
your car, the "agreed Value" is by both parties. You buy your insurance
based on that value, and pay premiums accordingly. How can they agree the
value is... say, $15,000, and then after you wreck it say... "Well, we feel
it is worth $10,000."? They asked you to pay premiums for $15k, so that's
what you and they agreed it is worth.
Other rules.
1. You must be over 25.
2. You must have a clean driving record.
3. The car must not be your daily driver, and you must own another insured
car as your daily driver. (You can't drive thecar to work.)
4. You can drive the car 2500 miles per year. (see Barney's note about
extensions)
5. You can drive the car for pleasure driving... to shows, parades, Sunday
drives, etc.
That's about it.
My insurance for my Dodge Intrepid is $1500 per year, for my MGA, $118. I
consider that a bargain.
Has anyone on the list wrecked a car or had a seriously high claim?
Dave Iwansky
'62 MGA 1600 MkII
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