I see. So your idea is to throw 8000 dollars down the toilet?

tim in san jose

>From: Eric Zeno <vw4x4@FYI.NET>
>Reply-To: vw4x4@FYI.NET
>To: vanagon@GERRY.VANAGON.COM
>Subject: Re: collison insurance on 83 westy?
>Date: Wed, 31 Mar 2004 07:03:59 -0500
>
>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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