Eugene, I'm no insurance expert but I think that "declared" value insurance
could be re-named "not to exceed" insurance. If you declare a value of $5000
and the car is totaled you may not get $5000. The insurance company always has
the right to replace the car, if they feel (mostly their choice) that you can
replace the car for less than $5000 they won't be writing you a check for $5000.
If I'm wrong someone out there will correct this.
By the way, I drive my car all the time and had just regular insurance for it,
no mileage or trip limitations. I pay less than $400 per year.
Good luck.
Larry Hoy
Denver, CO. USA
1969 MGB Roadster
1987 Jaguar XJ6 VDP
"It's not how fast you go, it's how fast you go fast"
=========================================================
> -----Original Message-----
> From: owner-mgs@autox.team.net [mailto:owner-mgs@autox.team.net]On
> Behalf Of Eugene Balinski
> Sent: Tuesday, September 15, 1998 8:54 PM
> To: mgs@autox.team.net
> Cc: british-cars@autox.team.net
> Subject: Insurance Questions
>
>
> I hope to be picking up an '80 B this weekend.
> I now have to think about insurance. I spoke
> briefly to my insurance agent who mentioned
> a type of insurance that I am not familiar
> with. I believe that it is called "declared
> value" or something similar. I also thought
> that I remember hearing horror stories about
> this type of insurance. Any comments ?
>
> Also, does anyone have any experience with
> any of the Vintage car insurance policies ?
>
>
> Thanks in advance for any help....
>
> Gene Balinski
>
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