Joe Curry wrote:
>
> Hey, Laura! I changed insurance companies recently and had to get
> Huxley appraised for the assigned value of the policy and I took it to a
> local shop that also does restorations and got an appraisal letter that
> valued the car at $15,000. That is almost what I have in it and it is
> reassuring that If it gets totaled or stolen I can replace it (with
> great sadness)!
>
> Regards,
> joe
>
> Laura Gharazeddine wrote:
> >
> > I did the same thing-insured it for appraised value rather than book
> > value-however, the appraised value was $7500 last September. The other day,
> > I was at the detailer and some guy on his way to Monterey for the auctions
> > in a week and a half, said "you know, a spit like this, in this kind of
> > shape is woth $10000." And made me an offer! I think I'll get it
> > re-appraised for when I renew my policy!
> >
> > Laura G. and Nigel
> > ----- Original Message -----
> > From: Simmons, Reid W <reid.w.simmons@intel.com>
> > To: 'John T. Blair' <jblair@exis.net>; <Bricklin@autox.team.net>;
> > <british-cars@autox.team.net>; <morgans@autox.team.net>;
> > <Spitfires@autox.team.net>
> > Sent: Wednesday, August 18, 1999 8:51 AM
> > Subject: RE: Insurance
> >
> > >
> > > In the case of my Spitfire I insure it for a fixed value ($7,500 - that's
> > > what it cost me new in 79), kind of like a life insurance policy. Then if
> > > it were to get "totaled" I have $7500 to fix it or buy another.
> > > Unfortunately it doesn't sound like the Gremlin owner did that, so the
> > > insurance company will probably only give her "replacement" value for the
> > > car.
> > >
> > > Reid
> > > '79 Spitfire (original owner)
> > >
> > > -----Original Message-----
> > > From: John T. Blair [mailto:jblair@exis.net]
> > > Sent: Tuesday, August 17, 1999 6:42 PM
> > > To: Bricklin@autox.team.net; british-cars@autox.team.net;
> > > morgans@autox.team.net; Spitfires@autox.team.net
> > > Subject: Insurance
> > >
> > >
> > > Hey gang,
> > >
> > > I'm looking to the collective knowledge. I'm doing a series on Car
> > > insurance for The Brickline - the quarterly magazine for Bricklin
> > > International.
> > >
> > > Along with this, I received a call the other day from a young lady. She
> > has
> > > a 77 Gremlin that has been in her family since new, never been hit. Well
> > > someone pulled out in front of her and she now needs a front clip. The
> > > problem, I'm sure the insurance co. (the person that hit her - was at
> > fault)
> > > will want to total the car.
> > >
> > > So the question to you all, is how do you fight the ins. co. She wants
> > the
> > > car fixed. So in addition to how to fight it, I'm looking for stories on
> > > how you fought the ins. co. and won!
> > >
> > > TIA
> > >
> > > John
> > >
> > > John T. Blair WA4OHZ email: jblair@exis.net
> > > Va. Beach, Va Phone: (757) 495-8229
> > >
> > > 48 TR1800 65 Morgan 4/4 Series V (B1109)
> > > 71 Saab Sonett III (71500840) 75 Bricklin SV1 (0887) 77 Spitfire
> > >
> > > Morgan: www.team.net/www/morgan
> > > Bricklin: www.bricklin.org
> > >
>
> --
> "If you can't excel with talent, triumph with effort."
> -- Dave Weinbaum in National Enquirer
hello to all. i've followed this but stayed out till this time. part
of our business involves dealing with insurance comapnies and
adjusters. we also do appraisals for individuals and valuations for
business and individuals. the operative theory here is NO MATTER WHAT
YOU INSURE IT FOR, IF IT IS NOT WORTH THAT KIND OF MONEY, YOU DON'T GET
THE MONEY. example, joe c has $15000 invested in the spit. if a like
car(s) is readily available for $10000, this is what you get. the
insurance companies are not out to beat you up, but they are also not
there to contribur\te to your retirement fund. i did a seminar at the
recent vtr meet in portland discussing the valuation of cars. just
because someone tells you it's worth XXXX $, if they don't have the
credentials to back it up, it doesn't count. remember that enthusiasts
are enthusiastic but not necessarily recogniazed experts. now to
retreat. ted
--
Ted Schumacher
TS Imported Automotive
404 Basinger Rd.
Pandora, Ohio, USA 45877
Ph. 800/543-6648 USA/Canada FAX 419/384-3272 24 hour
Ph. 419/384-3022 - tech./general information
Web page http://www.tsimportedautomotive.com
New-Used-Rebuilt-NOS-Performance British car parts.
200 - 300 parts cars in our British-only salvage yard.
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