

| Subject: | Re: Insurance..... some forethought. |
| From: | craig cowan |
| Date: | Wed, 30 Dec 2009 19:32:58 -0500 |
It will be "really" for sale at that time.... If anyone would like to buy it and therefore end my insurance concerns (for now). : ) -Craig On Wed, Dec 30, 2009 at 7:21 PM, Michael Sullivan <sandwichhead@gmail.com>wrote: > 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 >> > >> > >
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