As former insurance defense trial counsel (3 years ago), I have to disagree
with you, Fred.
State regulation of insurers is poor, at best, and bad claims practices
continue unabated. CNA may be a decent underwriter, but as someone with
firsthand knowledge of most major (and many minor) insurance companies,
don't let your guard down for one minute. Most insurance companies are
for-profit entities, and they make their money, in large part, by not paying
out.
I'm not naming any names, nor do I mean to disparage any insurer, but NEVER
accept the first offer of settlement from any insurer.
My two cents.
Andrew Holmes
'66 mkII spit
>From: "Fred Thomas" <vafred@erols.com>
>Reply-To: "Fred Thomas" <vafred@erols.com>
>To: "Jeff McNeal" <jmcneal@ohms.com>, "Ken Waringa" <kwaringa@dynsys.com>,
> "Triumphs" <triumphs@autox.team.net>
>CC: "Spitfire List" <spitfires@autox.team.net>
>Subject: Re: Insurance Thanks
>Date: Thu, 2 Mar 2000 10:45:48 -0500
>
>Jeff, it is unwritten by CNA, one of the largest insurers in the world, you
>also have a state regulatory agency keeping rip-offs out. You take the car
>where you want it repaired. The insurance industry is very well regulated
>today, not so 25/30 years ago. "FT"
>----- Original Message -----
>From: Jeff McNeal <jmcneal@ohms.com>
>To: Ken Waringa <kwaringa@dynsys.com>; Triumphs <triumphs@autox.team.net>
>Cc: Spitfire List <spitfires@autox.team.net>
>Sent: Thursday, March 02, 2000 9:39 AM
>Subject: Re: Insurance Thanks
>
>
> >
> > I also need insurance and the information about Hagerty looks awfully
> > attractive. However I have just one, simple question. Has ANYONE on
>the
> > list filed a claim with Hagerty? If so, how small/large was it and how
>well
> > was it handled? The low cost of the premium means nothing if the
> > underwriters decide to reject your claim.
> >
> > ----- Original Message -----
> > From: Ken Waringa <kwaringa@dynsys.com>
> > To: Triumphs <triumphs@autox.team.net>
> > Sent: Thursday, March 02, 2000 5:44 AM
> > Subject: Insurance Thanks
> >
> >
> > >
> > > Thanks to all that were talking about car insurance over the last
>couple
> > > weeks. I wasn't aware of Hagarty Insurance, or any other classic car
> > > insurers. I had intended to insure my TR6 with GEICO, just like the
>rest
> > of
> > > my cars. I called Hagarty yesterday and got a quite of $83.00 for a
>year
> > of
> > > full coverage, with a $6000 car value. That's unbelievable. I asked
> > about
> > > insuring my 74 Midget, but until my son graduates college and gets his
>own
> > > car, that is considered his primary vehicle.
> > >
> > > This list is just incredible. Not only is there an unlimited amount
>of
> > > knowledge available and readily shared, the advise received can save
> > > hundreds of dollars (that will end up going into the car).
> > >
> > > Thank You.
> > >
> > > Ken Waringa
> > >
> >
>
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