How much you gonna ask for it, cuz I may buy it and then you're screwed. :-)
Michael in San Antonio
91GL AT 'Gringo'
73 Beetle

On Wed, Dec 30, 2009 at 6:03 PM, craig cowan <phishman068@gmail.com> wrote:

> Today I learned that a "stated value" is to be avoided, as can actually be
> quite limiting. If i had a state value in my policy of $6000, they will pay
> UP to 6000. Not a penny more. While if I had no stated value and was able
> to
> prove that a vehicle in running condition similar to mine costs $12000,
> then
> that's more similar to the value they will pay out.
> That was quite suprising to me, as I thought stated value meant "it's
> damaged, here's the money we agreed to pay you"...... but subtly, it still
> is.
>
> I've decided to get a few independent appraisals and list it for sale. If I
> have it listed for sale at a value similar to what it's appraised at and
> have record of this, even if it doesnt sell, i can later say "look, i was
> trying to sell it, and this is what i was selling it for..." which i'm told
> is yet another good card to have in your portfolio. Plenty of pictures as
> well.
>
> Thanks to all those who responded!
>
> -Craig
> '85GL turned WESTY
> BOSTIG in the back
>
>
> On Wed, Dec 30, 2009 at 2:30 PM, Jim Lieb <jlieberie@gmail.com> wrote:
>
> > Craig,
> >
> > I have been insured with Erie for about 36 years. My agent is a good
> friend
> > and I just had a regular policy on my MV when it caught fire. I ended up
> > getting $8600 from them and they were easy to deal with, but I was
> > concerned
> > when I later paid +$10k for my new van. My agent, Steve told me to get
> the
> > Van appraised and said I could use the appraisal as a basis for
> settlement
> > if anything happened to my new camper.
> >
> > Jim
> >
> >
> >
> >
> > --
> > Jim in NW Pa
> > Member: PVC Pittsburgh Vanagon Club
> > 1987 Westy "MobyD" the Great White Westfalia
> > Member: TLCA
> > 1982 FJ40
> > 2007 FJ Cruiser
> >
>