Ted,
Even if you have an appraisal from a well known and respected area
restoration shop?
Laura G.
----- Original Message -----
From: Ted Schumacher <tedtsimx@q1.net>
To: Joe Curry <spitlist@gte.net>
Cc: Laura Gharazeddine <Laura.G@141.com>; Simmons, Reid W
<reid.w.simmons@intel.com>; '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 6:43 PM
Subject: Re: Insurance
> 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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