Date:         Tue, 30 Mar 2004 13:13:52 -0800
Reply-To:     Aristotle Sagan <killer_jupiter@HOTMAIL.COM>
Sender:       Vanagon Mailing List <vanagon@gerry.vanagon.com>
From:         Aristotle Sagan <killer_jupiter@HOTMAIL.COM>
Subject:      Re: collison insurance on 83 westy?
Comments: To: vw4x4@fyi.net
Content-Type: text/plain; charset="iso-8859-1"

So let's get this straight...

He can carry insurance for, say 300 bucks a year, and if the van gets hit it pays off at, say 8000 dollars. His rates then go up to, say 600 bucks. Or he does not pay the 300/600 bucks and he pays out 8000 bucks or loses his van and everything he put into it when it's in an accident. 


Let's just say, I understand why he would pay the premiums. Financially, it's a no brainer.

BTW - I am sorry you don't understand my analogies. Next time I'll use pictures.

tim in san jose


  ----- Original Message ----- 
  From: vw4x4@fyi.net 
  To: Aristotle Sagan 
  Cc: vanagon@GERRY.VANAGON.COM 
  Sent: Tuesday, March 30, 2004 1:03 PM
  Subject: Re: collison insurance on 83 westy?


  What you fail to point out,  is your driving record get marked, and
  YOUR insurance rates go up, depending on the amount of
   claim you have.  No matter who insures you, your rates are 
  going up if you have a bad record.  You pay ether way...
  BTW ...You have some really poor analogies
                                                  Eric

  Aristotle Sagan wrote:

So in this case, you are wrong Eric. Actuaries determine the possibilities
of an insurance company having to pay off and determine the premium required
for the insurance company to make money. It's not your money going into his
accident, it's the Insurance Company's.

If the actuaries aren't very good, if the info the insurance company uses
isn't up to date or relavent, they lose. Like a casinio. It's like life
insurance. Do you pay more if I get snuffed out early in life? No. But on
the whole, the insurance company will make money, not many of them go under.
It's all based upon the bets placed according to actuary tables developed by
people much smarter than you or me.

If he is willing to find a company that will guarantee the value of his van,
then that company takes the risk, not the insurance buying public at large.

tim in san jose

----- Original Message -----
From: "Eric Zeno" <vw4x4@FYI.NET>
To: <vanagon@GERRY.VANAGON.COM>
Sent: Tuesday, March 30, 2004 12:02 PM
Subject: Re: collison insurance on 83 westy?


  A,   sorry, but I have to disagree.  What is your premium?
Who do you think will pay for this? Do you think money
grows on trees?  Who do you think will pay for this  crash?

      Eric


LOREN BUSCH wrote:

    Q: Shoul I carry collision insurance on my Westy?
Two and half years ago I totalled my '85 Westy.  I had collision
insurance AND I had ALL the reciepts for the work and parts that had
been done on it since I owned it.  I ended up, after some discussion,
with a settlement that was very fair, true replacement value on the
vehicle.  And after I bought the Westy back at the 'salvage value' and
re-sold it to someone that wanted the nearly new engine and other parts
I probably cam out ahead.  Without the collision coverage I'd have been
out about $8000 or better.  You bet it's worth the cost.  Just be
prepared to do some work to prove to your insurance company what the
true replacement value is.