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

[Pat Fischer]

Actually, I had an agreed value policy on the Triumph mentioned below 
through State Farm when the fire occurred. Since they also carried our 
homeowners, I pointed out to the agent how lucky they were that this 
didn't spontaneously start while in the garage.  Now I have agreed value 
through Farmers. We drive the TR on vacation now and then and to out-of 
state car shows. Took it to New Mexico on vacation. Of course, it was on 
the 11-mile drive to work that I had the car fire. I do think you have 
more options than you're talking about below. But, it's whatever each 
owner is comfortable with.

Oh, when I had the car fire?  It was Drive Your British Car Week. Ha!

Pat


BearTranserv at aol.com wrote:

> Well, I'm kind of stuck between a rock and a hard place.  The 93 
> Toyota was the only thing I've made a claim on that I could base an 
> opinion on.
>  
> If I insist on an "agreed value" I will be stuck with collector car 
> insurance issued through USAA and their policy has strick mileage and 
> use limits.  I just don't want to go there right now as I plan on 
> using the TR4 to drive to work and back when the weather is appropriate.
>  
> When the Toyota was wrecked, I searched NADA, KBB, and Ebay, and the 
> insurance company gave me more that any of those indicated.  I guess 
> I'll just pay my $200 per year for the TR4 and take my chances.
>  
> Robert
>  
> In a message dated 1/13/2008 7:47:16 PM Mountain Standard Time, 
> pfischer at rmi.net writes:
>
>     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. 
>
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