Patrick wrote-
"Such as it's just
not possible to insure a 1979 Honda Civic for $50,000."
In the US it is possible, and the insurers would let you to insure the car,
and pay the premiums for $50,000 for the Honda.
The problem would be when you had a claim, they would only pay the "book"
value. :>)
Not all collector car insurance in the US is agreed value. One has to be
careful that the insurance they have is what they think they have.
Dallas Congleton
1967 BJ8
1953 MGTD
----- Original Message -----
From: "Quinn, Patrick" <Patrick.Quinn@det.nsw.edu.au>
To: "healeyolic" <healey6@optonline.net>; "Brashear, Jack, N"
<JNBrashear@garverengineers.com>; "Jim Parish" <jimp@parishpartners.com>;
<healeys@autox.team.net>
Sent: Wednesday, January 11, 2006 5:13 PM
Subject: RE: insurance
> G'day
>
> As a matter of interest if your insurer increases the stated market
> value of your car does the annual premium you have to pay also
> increase?
>
> I'm not aware that this exists here in Australia except for lower priced
> vehicles, but then again it works going down in price. Such as it's just
> not possible to insure a 1979 Honda Civic for $50,000.
>
> For collectable cars you can insure it for an agreed value providing
> it's reasonable and you want to pay the appropriate premium.
>
> Hoo Roo
>
> Patrick Quinn
> Sydney, Australia
>
> 1947 Healey Duncan Saloon
> 1954 Austin-Healey 100 BN3/1
> Both insured on an agreed value.
>
> -----Original Message-----
> From: owner-healeys@autox.team.net [mailto:owner-healeys@autox.team.net]
> On Behalf Of healeyolic
> Sent: Thursday, 12 January 2006 8:55 AM
> To: 'Brashear, Jack, N'; 'Jim Parish'; healeys@autox.team.net
> Subject: RE: insurance
>
> Me also. They are collector enthusiasts, have a good quarterly
> newsletter and keep an eye on prices so that the insurance can be raised
> as market conditions dictate. They've increased my stated value twice
> without me asking.
>
> John Sims, BN6
> Aberdeen, NJ
>
> www.healey6.com
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