NO WAY, your figures are way off!

Aristotle Sagan wrote:

> So let's get this straight...
>
> He can carry insurance for, say 300 bucks a year, and if the van gets
> hit it pays off at, say 8000 dollars. His rates then go up to, say 600
> bucks. Or he does not pay the 300/600 bucks and he pays out 8000 bucks
> or loses his van and everything he put into it when it's in an accident.
>
> Let's just say, I understand why he would pay the premiums.
> Financially, it's a no brainer.
>
> BTW - I am sorry you don't understand my analogies. Next time I'll use
> pictures.
>
> tim in san jose
>
>
>
>     ----- Original Message -----
>     From: vw4x4@fyi.net <mailto:vw4x4@fyi.net>
>     To: Aristotle Sagan <mailto:killer_jupiter@hotmail.com>
>     Cc: vanagon@GERRY.VANAGON.COM <mailto:vanagon@GERRY.VANAGON.COM>
>     Sent: Tuesday, March 30, 2004 1:03 PM
>     Subject: Re: collison insurance on 83 westy?
>
>     What you fail to point out,  is your driving record get marked, and
>     YOUR insurance rates go up, depending on the amount of
>      claim you have.  No matter who insures you, your rates are
>     going up if you have a bad record.  You pay ether way...
>     BTW ...You have some really poor analogies
>                                                     Eric
>
>     Aristotle Sagan wrote:
>
>>So in this case, you are wrong Eric. Actuaries determine the possibilities
>>of an insurance company having to pay off and determine the premium required
>>for the insurance company to make money. It's not your money going into his
>>accident, it's the Insurance Company's.
>>
>>If the actuaries aren't very good, if the info the insurance company uses
>>isn't up to date or relavent, they lose. Like a casinio. It's like life
>>insurance. Do you pay more if I get snuffed out early in life? No. But on
>>the whole, the insurance company will make money, not many of them go under.
>>It's all based upon the bets placed according to actuary tables developed by
>>people much smarter than you or me.
>>
>>If he is willing to find a company that will guarantee the value of his van,
>>then that company takes the risk, not the insurance buying public at large.
>>
>>tim in san jose
>>
>>----- Original Message -----
>>From: "Eric Zeno" <vw4x4@FYI.NET>
>>To: <vanagon@GERRY.VANAGON.COM>
>>Sent: Tuesday, March 30, 2004 12:02 PM
>>Subject: Re: collison insurance on 83 westy?
>>
>>
>>
>>
>>>A,   sorry, but I have to disagree.  What is your premium?
>>>Who do you think will pay for this? Do you think money
>>>grows on trees?  Who do you think will pay for this  crash?
>>>
>>>      Eric
>>>
>>>
>>>LOREN BUSCH wrote:
>>>
>>>
>>>
>>>>Q: Shoul I carry collision insurance on my Westy?
>>>>Two and half years ago I totalled my '85 Westy.  I had collision
>>>>insurance AND I had ALL the reciepts for the work and parts that had
>>>>been done on it since I owned it.  I ended up, after some discussion,
>>>>with a settlement that was very fair, true replacement value on the
>>>>vehicle.  And after I bought the Westy back at the 'salvage value' and
>>>>re-sold it to someone that wanted the nearly new engine and other parts
>>>>I probably cam out ahead.  Without the collision coverage I'd have been
>>>>out about $8000 or better.  You bet it's worth the cost.  Just be
>>>>prepared to do some work to prove to your insurance company what the
>>>>true replacement value is.
>>>>
>>>>
>>>>
>>>>
>>
>>
>>
>>