Date: Wed, 30 Dec 2009 12:59:48 -0500
Reply-To: mcneely4@COX.NET
Sender: Vanagon Mailing List <vanagon@gerry.vanagon.com>
From: Dave Mcneely <mcneely4@COX.NET>
Subject: Re: Insurance..... some forethought.
Content-Type: text/plain; charset=UTF-8; format=flowed; delsp=no
The proper terminology is "agreed value," which means that the insurance
underwriter and the customer have agreed that the value is as claimed
when the vehicle was insured. We were asked to avoid further discussion
of this topic a couple of weeks back, btw.
DMc
On Wed, Dec 30, 2009 at 11:48 AM, Michael Sullivan wrote:
> Craig....Please ...do not just "trust them and note your upgrades" cuz
> you
> will be screwed. Collectors vehicles are hard to insure for young
> drivers.
> I would ask for a defined value(I know, I know...verbage is incorrect)
> but
> if you get it in writing and with your receipts to back up, you are in
> better shape. Erie may be your long-time carrier, but tell them you
> are
> shopping. We can vouch for your mechanical expertise(whatever my word
> is
> worth). You are gonna get alot of responses to this...thanks for the
> long-reading over the weekend, BTW. Good luck....Michael.
> P.S. Register it on your tags as a collector's vehicle...currently in
> Texas
> 84 and older is a classic and rate is cheaper.(IIRC).
> Michael in San Antonio
> 91GL AT 'Gringo'
> 73 Beetle
>
>
> On Wed, Dec 30, 2009 at 11:30 AM, craig cowan wrote:
>
>> So I'm about to change over to a new insurance policy to get off my
>> parents.
>> We're going with Erie Insurance who's been insuring us for years, but
>> i
>> have
>> some concerns maybe you guys can help settle.
>>
>> First off, my van is (according to the VIN) a 1985 sunroof vanagon,
>> in
>> "good" shape.
>> This places my bluebook value at something like $1500 or $2000.
>>
>> Here's where the problem lies.....
>> It's now a full westfalia with a $6000 zetec engine.
>> By my estimates that puts the value that I could sell it at between
>> $6000
>> and $10,000. Any suggestions for how to convey this to the insurance?
>> They
>> will not do a state value on anything other than a collectors
>> vehicle, and
>> they didn't really like the thought of an appraisal. Should I just
>> ask them
>> to put a note in the file of the fact that it is now a westfalia and
>> powered
>> by BOSTIG? I have plenty of photo evidence for both. Or should I just
>> figure
>> upon the fact that should anything ever happen, i have all this photo
>> evidence and receipts that help make my argument towards its value,
>> but
>> wouldn't it technically be insurance fraud for me to have them
>> insuring a
>> 1985 GL when in reality it's a 1985 Westfalia powered by a big
>> engine? As
>> that's what I plan to collect on if anything ever happened.
>>
>> Any thoughts?
>> I don't want them to offer me $500 and no chance to buy back after
>> someone
>> else hits me.
>>
>>
>> -Craig
>> '85GL turned WESTY
>> BOSTIG in back
>>
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