triumphs
[Top] [All Lists]

Re: [TR] insurance

To: fred thomas <frede.thomas2@verizon.net>
Subject: Re: [TR] insurance
From: Pat Fischer <pfischer@rmi.net>
Date: Sat, 29 Apr 2006 11:39:56 -0500
fred thomas wrote:

>When you are dealing with a claim against another drivers insurance company
>you need or should have at least 4 or 5 newspaper or web site sales offerings
>with a nice asking price, this will just about stop all haggling by the
>salesman, you have proof of it's value. "FT"
>  
>

Fred is on the right track here, but I would recommend more. In my 
earlier post I recommended some documentation for the value of your car. 
The purpose of doing this is not only to insure your car properly with 
your own company, but to make it waaaay too much trouble for any 
insurance company (like the other driver's) to give you any grief about 
value. I'm not saying this is foolproof, but you can immediately show an 
insurance company how serious you are.  You cover your car in a storm, 
right? Cover it with some documentation.

Thanks,
Pat Fischer

I do suggest:
- give your agent photos
- have a garage owner with Triumph experience write a letter of value 
for you. Copy to your agent.
- get the Blue Book value off the Web at www.nadaguides.com. Choose 
Classic Cars > Sports Cars and go from there.  Give that page to your 
agent. Insure to that amount. Or more, if you can.
- if you can find one that sold on EBay (as I did recently) print that 
page and give it to your agent, too.
- Keep copies for yourself!
- Update the value every couple of years.


===  This list supported in part by The Vintage Triumph Register
===     http://www.vtr.org



<Prev in Thread] Current Thread [Next in Thread>