Ulix,
That is exactly what I was told by my State Farm Rep and she went as far as
to tell me to get insurance for my car with a company that specializes in
antique/classic cars type insurance.
Carol. '59 Bugeye.
-----Original Message-----
From: Ulix Goettsch <ulix@u.washington.edu>
To: spridgets@autox.team.net <spridgets@autox.team.net>
Date: Monday, March 22, 1999 6:11 PM
Subject: Insurance (sorry!)
>Yeah, I know, I also usually delete every post with this subject line...
>
>Remembering a past thread (I don't think that word is on bad) on "stated
>value" versus "agreed value" insurances, I finally got around to calling
>State Farm to see what kind of insurance I have. I have regular car
>insurance, but SF had made me get my car appraised for the comprehensive
>insurance.
>Naturally, I assumed that this value ($4200 as appraised by the local MG
>club) would be what I get when my car gets stolen so I would like to see
>a high appraisal.
>
>It turns out that this appraisal serves only for the insurance to
>determine how much of a premium to charge me. If my car gets stolen, the
>amount of money that the insurance pays me is subject to debate with the
>adjuster. If the adjuster is good at his job, he will try to give me as
>little money as possible.
>This is "stated value".
>
>Agreed value can only be done with a collector/historic insurance with
>restrictions. SF has a list of commercial appraisers who they accept I
>was told.
>
>Just FYI,
>
> Ulix __/__,__ ___/__|\__
>..............................................(_o____o_)....<_O_____O_/...
> '67 Sprite '74 X1/9
>
>
>
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