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Fw: LBC Insurance

To: "Triumphs" <triumphs@autox.team.net>
Subject: Fw: LBC Insurance
From: "Sumner Weisman" <sweisman@gis.net>
Date: Tue, 14 Apr 1998 17:25:52 -0400


----------
> From: Sumner Weisman <sweisman@gis.net>
> To: Edward Hutchinson <seah@zorba.info.sunyit.edu>
> Subject: Re: LBC Insurance
> Date: Tuesday, April 14, 1998 5:24 PM
> 
> Thanks Ed!  That's a very thorough job.  These restrictions don't seem
too
> bad.  I don't take it to work, since I retired last year.  But, I don't
> want any restrictions regarding when and where I drive it.  Some answers
I
> received seem to say that I can't take it to the local 7-11 store, for
> example.  I can live with restrictions such as keeping it in a garage ( I
> do anyway) and a 2500 mile limit, but if I can't take it for a ride any
> time and any place, forget it.  I will follow up with some of your phone
> numbers.
> 
> Incidentally, I could swear that I saw you on TV playing an insurance
> salesman!
> 
> Sumner
> 
> 
> ----------
> > From: Edward Hutchinson <seah@zorba.info.sunyit.edu>
> > To: Sumner Weisman <sweisman@gis.net>
> > Subject: Re: LBC Insurance
> > Date: Tuesday, April 14, 1998 10:05 AM
> > 
> > Sumner,
> > 
> > I have no specific knowledge about either of those but I did a little
> > research on insurance a short time ago. Here is the summary I posted to
> the
> > list.
> > 
> > Hope this helps.
> > 
> > Ed
> > 
> > 
> > 
> > 
> > I've received quotes and applications from Hagerty Classic Insurance
and
> > Parish Insurance.  I reviewed American Collectors Insurance, Inc. at
> their
> > web site (www.americancollectorsins.com) and was able to obtain some
> > information and a quote.
> > 
> > All quotes were based upon the following:
> > 
> > Comp and Collision Liability: $300,000
> > Medical Payments: $5000
> > Uninsured Motorist
> > Personal Injury Protection
> > Agreed Value: $7,500 (Hagerty and American) Stated Value $7,500 with
> Parish
> > (please note that Bill Parish said they treat "Stated Value" the same
as
> > "Agreed Value".
> > 
> > Hagerty Classic Insurance - $151
> > American Collectors Insurance - $140
> > Parish Insurance - $245
> > 
> > All had a mileage limitation of 2,500 per year although Americans info
> > said they have a 5,000 mile maximum available for some states and
Parish
> > said that requests for additional mileage beyond the 2,500 would be a
> > "bridge to be crossed when we get there" but the implication was that
> some
> > arrange could be made.  I did not ask Hagerty as they have a use
> limitation
> > - see below.
> > 
> > Usage restrictions: all covered club use, shows, pleasure and other use
> > such as vacations. However, I called each and asked if the car could be
> use
> > to drive to and from work on a limited basis during the summer. 
Hagerty
> > and American Collectors would not insure the car for such use.  Parish
> > would insure the car which probably accounts for the slightly higher
> premium.
> > 
> > All wanted confirmation that the vehicle was stored in a locked garage.
> > Don't know what would happen if it wasn't.
> > 
> > All asked if the vehicle would be used for racing and/or rallying.
> > 
> > To contact each:
> > Hagerty Classic - 800-922-4050
> > American Collectors - 800-360-2277
> > Parish Insurance - 800-274-1804
> > 
> > The usual applies. I am not an insurance salesman nor do I play one on
> TV.
> > 
> > 
> > At 04:49 PM 4/13/98 -0400, you wrote:
> > >
> > >I have been insuring my TR-3 through the same company that insures my
> other
> > >two cars.  I have less coverage than the other two so it's less
> expensive. 
> > >I recently read a magazine article called "Don't Pay Too Much to Cover
a
> > >Classic", telling about companies that specialize in insuring old
cars. 
> > >Two were mentioned -- Condon & Skelly (St. Paul Insurance Co.), and
> Grundy
> > >Agency (Chubb's classic car policies).  The prices seem to be very
low. 
> > >Has anyone had experience with these companies?  Good or bad?  Or,
> should I
> > >keep what I have had for years even though it's probably much more
> money?
> > >
> > >Sumner Weisman
> > >Framingham, Mass.
> > >62 TR3-B
> > >
> > >
> > ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
> > "What do little birdies see when they get knocked unconscious?"
> > ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
> > 
> > Ed Hutchinson
> > Financial Aid Office
> > SUNY Inst. of Technology
> > P.O. Box 3050
> > Utica, NY 13504
> > 315-792-7210

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