Actually, I had an agreed value policy on the Triumph mentioned below
through State Farm when the fire occurred. Since they also carried our
homeowners, I pointed out to the agent how lucky they were that this
didn't spontaneously start while in the garage. Now I have agreed value
through Farmers. We drive the TR on vacation now and then and to out-of
state car shows. Took it to New Mexico on vacation. Of course, it was on
the 11-mile drive to work that I had the car fire. I do think you have
more options than you're talking about below. But, it's whatever each
owner is comfortable with.
Oh, when I had the car fire? It was Drive Your British Car Week. Ha!
Pat
BearTranserv@aol.com wrote:
> Well, I'm kind of stuck between a rock and a hard place. The 93
> Toyota was the only thing I've made a claim on that I could base an
> opinion on.
>
> If I insist on an "agreed value" I will be stuck with collector car
> insurance issued through USAA and their policy has strick mileage and
> use limits. I just don't want to go there right now as I plan on
> using the TR4 to drive to work and back when the weather is appropriate.
>
> When the Toyota was wrecked, I searched NADA, KBB, and Ebay, and the
> insurance company gave me more that any of those indicated. I guess
> I'll just pay my $200 per year for the TR4 and take my chances.
>
> Robert
>
> In a message dated 1/13/2008 7:47:16 PM Mountain Standard Time,
> pfischer@rmi.net writes:
>
> I think the issue is that your insurance company needs to be able
> to value your car in case you have a serious claim. That is much
> easier on a 93 Toyota than a 63 TR4. (Easier for them and easier
> for you.) It's pretty simple to find a professional reference for
> what your 4 is worth. Why not do that and call your agent? Say,
> "If my Triumph is wrecked, what are you going to give me for it?"
> This thread started because a list member was getting a quote from
> his insurance company on his damaged 4 that was less than he
> thought it was worth. It's not the insurance company's fault;
> they're unfamiliar with the cars and the cars' values.
>
> I had a car fire in my beloved 250 several years back. It didn't
> even damage all that much, when you think about it, but a
> restoration cost $7,000. I was really, REALLY happy that I had an
> agreement with my insurance company that stated the car was worth
> $12,000.
>
> Maybe you don't have that much invested in your British cars. Your
> choice of course. I just don't think that ugly surprises are what
> insurance is about.
>
>
>
>
>
>
>
>
>
> ------------------------------------------------------------------------
> Start the year off right. Easy ways to stay in shape
> <http://body.aol.com/fitness/winter-exercise?NCID=aolcmp00300000002489>
> in the new year.
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