RE: [DML] Insuring a Delorean?

["Mike & Ann Griese" <roscsyl@xxxx>]

Kevin - That's what it sounds like to me. 

Mike

-----Original Message-----
From: Kevin Abato [mailto:delorean@xxxx]
Sent: Wednesday, March 07, 2001 9:33 PM
To: dmcnews@xxxxxxxxxxxxxxx
Cc: 'Mike & Ann Griese'
Subject: RE: [DML] Insuring a Delorean?


Grundy's web site www.grundy.com says this:

An Agreed Value Policy as opposed to a Stated Value or Actual Cash Value
Policy is the only way to know in advance how much you will receive from an
insurance company if your car is destroyed or stolen. With Agreed Value you
will get the amount listed on your policy and it is also the basis of your
premium.

So am I to assume that I should go got the Stated Value?

-----Original Message-----
From: Mike & Ann Griese [mailto:roscsyl@xxxx]
Sent: Wednesday, March 07, 2001 7:21 PM
To: dmcnews@xxxxxxxxxxxxxxx
Subject: RE: [DML] Insuring a Delorean?


Be careful here. There are two terms you need to be
aware of for insurance - declared value and agreed
value. There is a huge difference between the two.
You want an agreed value policy.