Re: [DML] deloreans insurance

[DMCVIN6683 <dmcvin6683@xxxx>]

I know James LaLonde is sort of an expert on this insurance issue, i 
believe he always says go with Stated Value. He told me to use Stated 
value.

James any comment?

Mark


On Thursday, January 1, 2004, at 01:34 PM, mike.griese@xxxx 
wrote:

> I disagree - you want an Agreed Value policy, not Stated Value. There
> is a significant difference. Agreed Value means that the insurance
> company agrees with the valuation you have put on the car. Stated 
> Value
> policies don't have that acknowledgement from the insurance company.
>
> Bottom line is to talk to your agent. Ask questions about what 
> happens if
> you have to file a claim. The conditions you need to know about are 
> damages
> over your deductible but below the total loss limit, total loss 
> valuation,
> buyback policies, and where can you get the car repaired. If you want 
> the
> car done by a specialist, will the company pay for transportation? If 
> they
> won't give you written responses, find another insurance agent or 
> company.
>
> --
> Mike
> > The safest way to insure your Delorean is with a Stated Value policy
> >
> > This was there is no question what the car is worth when it is 
> > totaled.
> >
> > It only cost a few dollars more and is worth it in the long run