Even if all this BS you have here was true, the
next place he gets insurance, it would cost $1200/yr

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
>  To: Aristotle Sagan
>  Cc: 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.
>
>
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