[TR] TR4A sale values to contest insurance company ??valuation

[Pat Fischer]

I think the issue is that your insurance company needs to be able to 
value your car in case you have a serious claim. That is much easier on 
a 93 Toyota than a 63 TR4. (Easier for them and easier for you.) It's 
pretty simple to find a professional reference for what your 4 is worth. 
Why not do that and call your agent?  Say, "If my Triumph is wrecked, 
what are you going to give me for it?" This thread started because a 
list member was getting a quote from his insurance company on his 
damaged 4 that was less than he thought it was worth. It's not the 
insurance company's fault; they're unfamiliar with the cars and the 
cars' values.

I had a car fire in my beloved 250 several years back. It didn't even 
damage all that much, when you think about it, but a restoration cost 
$7,000.  I was really, REALLY happy that I had an agreement with my 
insurance company that stated the car was worth $12,000.

Maybe you don't have that much invested in your British cars. Your 
choice of course. I just don't think that ugly surprises are what 
insurance is about.

BearTranserv at aol.com wrote:

> In a message dated 12/26/2007 12:17:27 PM Mountain Standard Time, 
> pfischer at rmi.net writes:
>
>     However, since we all are a little shaky on the terms - agreed vs.
>     stated - it's very important to ask the question of your agent:
>     Which do
>     I have on my car? And what happens if...?
>
>     Pat
>
> I know I'm late chiming in, but I don't have either stated or agreed 
> value on my cars.  They call it, I think, replacement value.
>  
> My wife just wrecked the 93 Toyota Celica, 55000 miles on it.  USAA, 
> in about 10 days, sent us a check for $5700.00, and we got to keep the 
> car.  My mechanic and body man is fixing it for a little under 
> $3000.00 and will respray the entire car.
>  
> Since it stayed in my name, there should be no "salvage" title 
> problems either.
>  
> I haven't had a claim on the TR or MGs yet, but I anticipate similar 
> service.
>  
> Robert B. Houston
> Texan in New Mexico
>
> 63 TR4