Bob,
Could you tell me, what is replacement value? I am actually asking what is it as
defined in the policy.
Usually, the common insurance terms used are either "Stated Amount" or "Agreed
Value" which are not the same coverage.
Jay Fishbein
Wallingford, CT
Bkitterer@aol.com wrote:
> In a message dated 5/31/00 10:26:12 AM, soupweed@hotmail.com writes:
>
> << I have a 58 bugeye in good shape and have full coverage on it with a 500
> deductible on the theft/collision (USAA Insurance.) They told me that in
> the event that it was stolen they could only give me the blue book value for
> the car.. ok, you can't even get a blue book value for the car or can you?!
> >>
>
> Chris,
>
> Don't know how much this will help you but for a daily driver we found that
> USAA had some of the lowest rates but not the best coverage for our LBC's.
> We use So. Cal. Auto Club. We have full coverage with a replacement value
> and we set the replacement value. Since our bugeye is not really replaceable
> we set a pretty high replacement value which they accepted. The rate is
> about the same as any of our other cars, all have replacement value. This
> not the lowest rate but it lets us drive the car as much as we want and has
> the coverage that we wanted.
>
> Bob and Annice
> 1960 Sprite (Mk IV indiguise)
> 1967 Sprite Mk III (in progress)
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