Date:         Fri, 7 Feb 2003 08:55:21 -0800
Reply-To:     Larry Chase <lchase@ATTGLOBAL.NET>
Sender:       Vanagon Mailing List <vanagon@gerry.vanagon.com>
From:         Larry Chase <lchase@ATTGLOBAL.NET>
Subject:      Insurance - Replacement Value Policy?
Comments: To: vanagon@yahoogroups.com, "wetwesties@yahoogroups."
          <wetwesties@yahoogroups.com>,
          Syncro@yahoogroups.com, ev_update@yahoogroups.com
Comments: cc: VWVANFULLTIMERS@yahoogroups.com
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Volks,

A recent posting on WetWesties reminded me of this issue.

What's the right way to go for insurance coverage, "Normal" Policy with
complete Documentation or a "Replacement Value" Policy with complete
Documentation and appraisals?

Sample vehicle ... 1990 Westy Syncro


1. Normal Coverage Policy:

- $500 deductible

- Rental Car Coverage

- Reasonable levels of liability, comp etc. (sorry don't have specific
value info with me)

Cost Estimates : $600-800 per year (AZ Resident)

Note:

Full Documentation Package Available.
- Receipts for all renovation,rebuild and modifications
- Photos of Everything

2. Replacement Value Policy:

I have met with a few Insurance companies about providing a "Replacement
Value" Policy.

Requirement:

- Receipts for all renovation,rebuild and modifications

- Independent Appraisals

For estimating the insurance quote I suggested they use a $30k
replacement value

Cost Estimates : $2500 - 3000 per year (AZ Resident)

Big difference in cost.

What's the right way to go?

Your Point of View?


Larry Chase

Email: lchase@attglobal.net
Web: www.roadhaus.com <http://www.roadhaus.com/>  - Coming Soon!
What: The Great North American Road Trip
When:  Feb 22, 2003
How: RoadHaus - 1990 VW Westfalia Syncro
Today: Los Osos, CA / Go Westy
From: Mesa,  AZ