For once I find that I agree with Mcneely.  In the long run, buying
insurance is a losing proposition unless it's for something essential that
 you definitely can't afford to replace, like your house.

Larry A.

On Mon, Jan 27, 2014 at 6:58 PM, Dave Mcneely <mcneely4@cox.net> wrote:

> I only carry liability on any car I own that I consider worth less than
> $10k.  Self insured is cheaper in the long run.  If I have to buy another
> car without an insurance company providing me a book value price for my old
> one, ok.  So far I have lived 69 years and owned a number of vehicles.
>  I've never had a need for full coverage on a car yet.  I carry full
> coverage on the camper because it is worth more than $10k, though I'll
> probably have to prove that to the insurance company if the situation
> arises.
>
> mcneely
>
> ---- Dennis Haynes <d23haynes57@HOTMAIL.COM> wrote:
> > No Comprehensive? That means no protection from fire, flood, theft etc.
> >
> > Dennis,
> > From my phone.
> > ________________________________
> > From: JRodgers<mailto:jrodgers113@GMAIL.COM>
> > Sent: 1/27/2014 3:28 PM
> > To: vanagon@GERRY.VANAGON.COM<mailto:vanagon@GERRY.VANAGON.COM>
> > Subject: Re: Friend in Seattle want to buy his first Westy
> >
> > I have borrowed from my credit union with the Vanagon GL as collateral -
> > but I already owned the vehicle clear and simply went back for a loan
> > against it. The amount borrowed was about half the appraised value. One
> > thing - after a month - the credit union sent me a letter, requiring
> > that it be fully insured. The insurance premium for one year was half
> > the amount borrowed. I went back to the bank and converted the
> > collateralized loan over to a personal loan and got rid of the insurance
> > requirement.  I now carry only liability ins. on it. If it gets smacked
> > and the other party can't pay - it's just smacked and I have a parts
> > car. I have two other vans.
> >
> > If I had Westy's or Syncros - it would be a different matter.
> >
> > John
> >
> > On 1/27/2014 1:37 PM, Jeff Schwaia wrote:
> > > As a seller of "classic" vehicles (mostly Westies and Syncro Dokas), I
> can
> > > confirm that many of these purchases are made with bank loans using the
> > > vehicle as collateral.  All that is normally required is an appraisal
> from a
> > > licensed (certified?) vehicle appraiser.  Generally, a vehicle
> appraisal
> > > costs about $350.
> > >
> > > Cheers,
> > >
> > > Jeff
> > >
> > >
> > >
> > > -----Original Message-----
> > > From: Vanagon Mailing List [mailto:vanagon@gerry.vanagon.com] On
> Behalf Of
> > > Zeitgeist
> > > Sent: Sunday, January 26, 2014 11:29 AM
> > > To: vanagon@GERRY.VANAGON.COM
> > > Subject: Re: Friend in Seattle want to buy his first Westy
> > >
> > > I assume the bulk of the late model Syncro campers are being purchased
> via
> > > bank loans, given that many are selling for $20k and up nowadays
> > >
> > >
> > > On Sun, Jan 26, 2014 at 11:23 AM, Robert Stevens <mtbiker62@gmail.com
> >wrote:
> > >
> > >> In a message dated 1/26/2014 2:04:52 P.M. Eastern Standard Time,
> > >> mcneely4@COX.NET writes:
> > >>
> > >> Hmmm  ...... .   I'm surprised one can get a loan for any vehicle that
> > >> old, mileage or no.
> > >>
> > >> It's done all the time.....as long as it's secured against
> > >> real-value-property that the bank can, therefore, hold title to until
> > >> the loan is paid off.
> > >>
> > >> bob
> > >
> > >
> > >
> > >
> > > --
> > > Casey
> > >
>
> --
> David McNeely
>