>On Thursday, June 20, 2002, at 09:58 PM, Edward Maglott wrote: > >>Do I have an argument that it doesn't really matter? > >It does matter. If you upgraded your vehicle WITHOUT upgrading the >insurance...the upgrades aren't necessarily covered (unless the >insurance company specifically indicated that the extras didn't need >additional coverage.) > >At least with the Insurance companies I've dealt with they usually ask >"has the vehicle been modified in anyway?" when first insuring the >vehicle. Later, if modifications ARE done, it is up to you to notify the >insurance company. Yes. The premium you pay is based on the insurance company's understanding of its value. If the value changes, based on your improvements, you haven't paid the right premium, and they're not obligated to pay for their value if damaged or totalled. In other words, you've paid the premium to insure the basic van. Improvements would have cost you (not significantly) more premium to have them insured, if you had paid this. Dave -- Dave Carpenter Whatever you wish for me, May you have twice as much. "Any sufficiently advanced technology is indistinguishable from magic." -- Arthur C. Clarke |
Please note - During the past 17 years of operation, several gigabytes of
Vanagon mail messages have been archived. Searching the entire collection
will take up to five minutes to complete. Please be patient!
Return to the archives @ gerry.vanagon.com
The vanagon mailing list archives are copyright (c) 1994-2011, and may not be reproduced without the express written permission of the list administrators. Posting messages to this mailing list grants a license to the mailing list administrators to reproduce the message in a compilation, either printed or electronic. All compilations will be not-for-profit, with any excess proceeds going to the Vanagon mailing list.
Any profits from list compilations go exclusively towards the management and operation of the Vanagon mailing list and vanagon mailing list web site.