Date: Tue, 30 Mar 2004 16:03:31 -0500
Reply-To: vw4x4@FYI.NET
Sender: Vanagon Mailing List <vanagon@gerry.vanagon.com>
From: Eric Zeno <vw4x4@FYI.NET>
Subject: Re: collison insurance on 83 westy?
In-Reply-To: <BAY10-DAV49TljBOh8s0001b4b3@hotmail.com>
Content-Type: text/plain; charset=us-ascii; format=flowed
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.
>>>
>>>
>>>
>>>
>
>
>
>
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