<VV> Re: insurance for antique autos

[Andy Clark]

J. C. Taylor requires an appraisal for any car valued at over $30K.
Andy Clark
1966 140/4 Monza Sedan
1966 140/4 Yenko Clone
1966 180/4 Cord 8/10
----- Original Message ----- 
From: "J R Read_HML" <hmlinc at sbcglobal.net>
Sent: Friday, March 17, 2006 10:52 AM
Subject: <VV> Re: insurance for antique autos


> Hi Dave,
>
>  My JCT policy says "We will pay the amount shown for each scheduled auto
snip..........

> They did not ask for an appraisal in advance - merely pictures.  I think
> that they do ask for an appraisal in advance if the amount is over a
certain
> threshold - like $10,000 or so.
>
>snip.............................
> Attachments (if any) are scanned with anti-virus software.
>
> Later, JR
>
> ----- Original Message ----- 
> From: "Dave Keillor" <dkeillor at tconcepts.com>
> To: <virtualvairs at corvair.org>
> Sent: Friday, March 17, 2006 10:45 AM
> Subject: RE: <VV> Re: insurance question (not Corvair specific)
>
>
> Beware of the difference between "agreed" value and "declared" or
> "stated" value.  In the former, you and the insurance company have
> agreed on the value of the car in advance.  In the case of a total loss,
> that's what you'll get.  Hagerty and other reputable collector car
> insurance companies sell agreed value insurance.
>
> "Stated" value means YOU have stated or declared the value of your car
> to be a certain amount.  However, in the case of a total loss the
> insurance company will pay the lesser of: 1) the actual cash value or 2)
> the stated amount.  If you have stated amount insurance, be sure you
> have a good appraisal to back up any claim.  It seems to me that the
> only purpose of stated value insurance is to raise your premium.
>
> Dave Keillor
>
>  _______________________________________________
> This message was sent by the VirtualVairs mailing list, all copyrights are
the property
> of the writer, please attribute properly. For help,
mailto:vv-help at corvair.org
> This list sponsored by the Corvair Society of America,
http://www.corvair.org/
> Post messages to: VirtualVairs at corvair.org
> Change your options:
http://www.vv.corvair.org/mailman/options/virtualvairs
>  _______________________________________________
>
>
> -- 
> No virus found in this incoming message.
> Checked by AVG Free Edition.
> Version: 7.1.385 / Virus Database: 268.2.5/284 - Release Date: 3/17/06
>
>