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Re: Unanswered Questions - Venting

To: hutch837@juno.com
Subject: Re: Unanswered Questions - Venting
From: "Brad Kahler" <Brad.Kahler@141.com>
Date: Tue, 10 Mar 1998 22:24:06 -0600
Cc: triumphs@Autox.Team.Net
Comments: Authenticated sender is <Brad.Kahler@pop.141.com>
Ed,

> Which brings me to my point.
> 
> The other day I posted a question asking the difference between the
> various definitions of replacement when taking out collision

Yesterday I insured my 1964 Spitfire for the first time since I've 
owned it, which is now 10 years.  I'm am insured with state farm.  My 
premium runs $48 every 6 months.  The coverages are 100/300/50 witha 
deductible of $500 for collision and a deductible of $50 for 
comprehensive.  The agreed upon value was $10,000.  I was told point 
blank by my agent that if something happens to the car the value paid 
to me would be $10,000.  I saw them write that number into 
replacement value on the insurance form.  I am limited to 5000 miles 
per year and it needs to be stored indoors.  My family has been 
dealing with this same agent for probably 30 or mor years.   I have
no reason to expect that what was agreed upon would not take place 
should something happen to my Spitfire.  I'm not sure what definition 
you would call my $10,000 write up.  But I called it replacement 
value when I was talking to our agent and he answered in the 
affermative.  By the way, I live in Lincoln Nebraska and our 
insurance rates are definitely less than a lot of areas of the 
country.

Hope this helps.

Brad

1964 Spitfire4            BFC25720L (After 10 years will be on the road in 
March!!!)
1966 TR4A                CT72398L (Needs Restoration)
1951 Dodge Truck    82217766  B-3-B-108 (Boxes & Boxes of parts right now)

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