Date: Wed, 22 Nov 2017 04:26:34 +0000
Reply-To: Dennis Haynes <d23haynes57@HOTMAIL.COM>
Sender: Vanagon Mailing List <vanagon@gerry.vanagon.com>
From: Dennis Haynes <d23haynes57@HOTMAIL.COM>
Subject: Re: insurance
In-Reply-To: <CY1PR12MB0181137468693880CE3870B9BA230@CY1PR12MB0181.namprd12.prod.outlook.com>
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Major repairs such as engines and transmissions are really just that, repairs. Dealing a adjusters once over a year old the only value is not having a deduct for a non-running vehicle. As for other upgrades depending on how they are done the risks go up. Is that "battery conditioner" rated to be installed in a dwelling, operated unattended? Is the battery sealed from the living compartment? What about short circuit and fuse protection? Flammable gas, (hydrogen, propane), monitoring, etc. Yes I'm getting crazy. Working in industry I have seen many things go wrong that were not expected. We learn! Insurance companies are only slightly worried about the vehicle property loss. It is the liability that makes the base insurance policies cost what they do. Think of what could go wrong next time at an event and how many vehicles and families whose lives you can change. Equipment modifications often have a way of presenting those "I can't believe it" events. If I bought a vehicle once hopefully I can do so again if needed. If I was to hurt someone that I could never repay.
My thoughts
Dennis
From: David Boan [mailto:dboan@outlook.com]
Sent: Tuesday, November 21, 2017 12:32 PM
To: Dennis Haynes <d23haynes57@hotmail.com>; vanagon@GERRY.VANAGON.COM
Subject: Re: insurance
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<mailto:d23haynes57@hotmail.com>>
Sent: Friday, November 10, 2017 1:26:14 AM
To: David Boan; vanagon@GERRY.VANAGON.COM<mailto: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<mailto: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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