vintage_roadster_restoration at hotmail.com
Fri Nov 7 14:00:42 MST 2014
The one thing to remember with insurance, it's really good when you don't need
> From: ruvino at ripnet.com
> To: healeys at autox.team.net
> Date: Fri, 7 Nov 2014 13:32:42 -0500
> Subject: [Healeys] insurance
> A little background.
> Recently we had a break in and my wifebs jewellry was stolen. The best
> pieces had been appraised 15 years ago and were listed on the policy
> individually for which we paid an extra premium.
> Well when it came time for the insurance company to pay out they had the
> pieces re-appraised by their jeweller and the values came in less than what
> they had insured for. itbs a long story but buried in the policy was a
> statement to the effect that they had the right to re-appraise.
> So after paying an extra premium for 15 years it didnbt matter, they would
> only pay what they deemed appropriate.
> So why this story?
> I got wondering about the policy on my car. I have assumed all along that
> appraised value is what the insurance company would pay out if say the car
> burned to the ground. I checked and was verbally given an assurance that
> is the case. My insurance is with Hagerty through a broker.
> You might want to check with your insurance company.
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