Date: Tue, 21 Nov 2017 22:23:49 +0000
Reply-To: Roger Whittaker <rogerwhitt1@GMAIL.COM>
Sender: Vanagon Mailing List <vanagon@gerry.vanagon.com>
From: Roger Whittaker <rogerwhitt1@GMAIL.COM>
Subject: Re: insurance
In-Reply-To: <CY1PR12MB0181137468693880CE3870B9BA230@CY1PR12MB0181.namprd12.prod.outlook.com>
Content-Type: text/plain; charset="UTF-8"
Dear Insurance
#1 try using a new type of plain language policy that accepts agreeed value
you can see an example of such at Masterpiece Policy by Chubb
(Not an endorsement)
#2. I had declared value on my t25 westie California - with no out side
appraisals - the gov run insurance tried to play silly buggers and offer me
2-4k$ Market value - I paid 20k +tax
They argued that declared Valarie and agreed value are not the same no
matter that I paid 3 times the $ in monthly fees from previous market value
policy ( lawyer settled that ) with comments also exchanged between gov
insurer and the most knowledgable westie guy west of Mississippi
#3 . Monthly or yearly premiums have no place in any discussion unless you
have word for word policy that match in every way -
Insurance policy has only one place that matters - day of calamity pay out
- period
#4. Watch out for sideways stuff that looks good but actually requires you
be wearing purple socks on a Tuesday — these are called exclusions and
exceptions - riders and optional - ie: you buy road hazard and strike a 2x4
that flattens All four tires - you have to get your auto club to the repair
facility but there is a ferry ⛴ between you and repair facility -
Insurance fixed all four tires
Auto Club handles tow truck
Insurance then tells you ferry is your problem cause that is not related to
road hazard - would you like to upgrade to road hazard Plus Plus which
includes all incidental expenses
See it’s in the words - not the premium s that it counts -
I do Marine Adjustment work and see loads of policy jiggery pokery and
wording - some chosen by the seller some chosen by the buyer as a cost
cutting measure
Do some wording research at
https://www2.chubb.com/us-en/individuals-families/general-tips-tools.aspx
Regards
On Tue, Nov 21, 2017 at 9:32 AM David Boan <dboan@outlook.com> wrote:
> Here is an update on the insurance on my '85 Westy ... As far as
> customizations, it was mainly a rebuilt engine and transaxle plus 16"
> wheels and oil cooler with a few other comparatively minor additions
> (second battery, built in battery conditioner, etc). I think the adjustor
> over reacted as these make the vehicle safer./more reliable and reduce
> risk, IMHO.
>
>
> So, Progressive (via AAA) issued me a policy with an agreed value of $30k,
> subject to verification with an appraisal. The $30k was my own estimate
> based on a possibly optimistic opinion of what the vehicle might bring. I
> can submit an appraisal now, or wait to see if there is an event that
> results in the vehicle being totaled and then put together support for the
> value. If I do not submit an appraisal they will do their own estimate,
> not based on bluebook, which may or may not support that value.
>
>
> I think one thing that helped is that I am the original owner and the
> vehicle is always garaged and used sparingly.
>
>
> David B.
>
> Boise
>
> ________________________________
> From: Dennis Haynes <d23haynes57@hotmail.com>
> Sent: Friday, November 10, 2017 1:26:14 AM
> To: David Boan; vanagon@GERRY.VANAGON.COM
> Subject: RE: insurance
>
> What customizations were you trying to get increased coverage for? While
> an agent or customer service rep may have offered the coverage change you
> may have gotten the attention as it went through the under writing process.
> If the issue was just the collision or comprehensive overage they could
> have just declined those coverages. For them to drop you indicates they do
> not want to take the liability risk.
>
> Dennis
>
>
> -----Original Message-----
> From: Vanagon Mailing List [mailto:vanagon@gerry.vanagon.com] On Behalf
> Of David Boan
> Sent: Thursday, November 9, 2017 5:56 AM
> To: vanagon@GERRY.VANAGON.COM
> Subject: insurance
>
> A month ago I decided I should update my insurance carrier, Geico, about
> the customizations on my 85 westy. They agreed to increase the estimated
> value for a few additional dollars. Then I got a letter that they no
> longer considered my Westy insurable and are dropping coverage effective
> the end of the month, no further explanation given. I am now searching
> for other carriers. Just curious if anyone else has experienced this. Any
> suggestions for a new carrier are appreciated.
>
> David B
> Boise
>
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--
roger whittaker 604.414.6266
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