I called my insurance agent to make sure that the policy on my 68-2000 had
enough coverage considering the fact that I put a bunch of money in to it
this winter (new engine). As I suspected, they said that the most they
would reimburse on a total loss would be around $2900. I said that I
would like to change the policy to a "stated value" policy and that I
would be happy to show them receipts and pay the extra premium.
They told me that they require an appraisal on the car by a licensed
appraiser. Now, I'm definitely not in the mood to spend another $125-$200
bucks for someone to tell me how much my roadster is worth. I know how
much it's worth.
So now I'm moving ALL my policies to another insurance company who said
they had no problem looking at the car themselves and looking over my
receipts and giving me a stated value policy.
Who else has run into this and was an appraisal required? Can anyone
recommend an insurance company who is in tune with classic cars (pun fully
intended)?
Thanks in advance,
Ken Pearce, 68-2000
Lawrence, KS (B.C. or bust starting tonight! Woo Hoo!)
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Ken Pearce
Engineering Computing Services
School of Engineering "The best time to take action
University of Kansas toward a dream is yesterday;
the worst is tomorrow; the
kpearce@ukans.edu best compromise is today."
www.engr.ukans.edu/~kpearce
Alvah Simon
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