Re: [DML] Insurance...

["carnut4849" <gmfm1@xxxx>]

Dear Adam,
My experience with the insurance company that I had my D 
insurred with was a lot like yours. When the agent was asked what the 
value of the car was, the answer was they didn't know, but it was in 
the same class as the Corvette. They won't pay you what it would cost 
to replace your vehicle with a similiar one. They will look at it as 
a 20 year old car. You will have to prove to them what the current 
price for a car like yours (condition) would cost. You may want to 
get a written appraisal by someone who will be accepted as an expert 
and keep that just in case.
If your D isn't your daily driver, you should look into 
an "Agreed Value Insurrance" with a carrier Like Haggerty. 
I use to pay $1500 per year for full coverage with the same 
deductable, but this is NJ, just outside New York City.
I hope that you never have to find out what your carrier values 
your car at.
Happy Motoring,
Gary masie

rice" <acprice1@xxxx> wrote:
> I am 21 years old with two speeding tickets under my belt and I am 
paying 
> $900.00 a year for full coverage on my Delorean. Is that good?
> 
> Also I took the largest deductable that the company offered ($1000 
dollar 
> deductable). However they havent given me an actual set amount, for 
how much 
> my car is ensured to... is this normal, or do they usually give you 
a dollar 
> amount? How is this value determined? If the car is destroyed, I 
want to 
> know how much I get! Eff.
> 
> Adam 16683
> 
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