Date: Fri, 23 Jun 2017 14:07:31 -0700
Reply-To: David McNeely <davmcneely40@GMAIL.COM>
Sender: Vanagon Mailing List <vanagon@gerry.vanagon.com>
From: David McNeely <davmcneely40@GMAIL.COM>
Subject: Re: Car Insurance Renewal Time!
In-Reply-To: <MWHPR12MB1629A6C30FC68DD540BD4DE8BAD80@MWHPR12MB1629.namprd12.prod.outlook.com>
Content-Type: text/plain; charset="UTF-8"
Like I said, AAA in Oklahoma offered me an agreed value policy, in which
the insurance company agrees that they will pay the predetermined amount in
case they determine that the vehicle is a total loss, and will pay costs
for repairs if less than that amount. I have been offered similar policies
by at least two other companies over the years, but have not chosen to buy
them because of the mileage and other restrictions. I have decided to just
take my chances at getting true value if and when an accident occurs, by
negotiating. Typically, I have been told by numerous people, you CAN get a
better deal if you can show sufficient evidence of value. Usually this
means by an accepted appraisal. It does not mean that you can recover what
you spent on the vehicle. That typically does NOT affect the value, just
maintains it. In other words, if you paint it, install a new engine,
whatever, that does not make it more valuable for insurance purposes. It
may mean you can get a little better price from a private sale than you
would if it was all worn looking and didn't run well. It is like repairing
a house before selling it. If you don't repair it, the buyer will expect
to save more than the cost of repairs, but if you do repair, you can't
expect to get enough more to justify the expense (usually). Of course, for
some repairs, not doing it may mean you can't sell, so something is more
than nothing.
mcneely
On Fri, Jun 23, 2017 at 1:21 PM, David Boan <dboan@outlook.com> wrote:
> I am very interested in this topic of insurance. I have put some money
> into my '85 Westy the past few years - engine upgrade, transaxle rebuild
> and body work being the most expensive. I am insured with Geico and had
> Liberty before that. Geico would not agree to value other than the NADA
> estimate, and it was the same with Liberty. I checked with a company that
> insures classic vehicles, but they define classic as pre-1976. Has anyone
> found a way to insure these for more than blue book?
>
>
> Thanks
>
> Dave Boan
>
> Boise
> ------------------------------
> *From:* Vanagon Mailing List <vanagon@gerry.vanagon.com> on behalf of
> David McNeely <davmcneely40@GMAIL.COM>
> *Sent:* Friday, June 23, 2017 3:50:18 PM
> *To:* vanagon@GERRY.VANAGON.COM
> *Subject:* Re: Car Insurance Renewal Time!
>
> I used AAA Insurance for both home and auto for years when I lived in
> Oklahoma. I found they provided the best rates and coverage for me, and
> they gave very good service. For example, when we had a horrible hail
> storm, THEY CONTACTED ME to make sure I got estimates and got my house
> reroofed. They took my estimate, though the one they got from their
> appraiser was lower, because I wanted a particular roofer to do the work.
> They then sent the appraiser back after the work to make sure it was
> properly done, and actually required the roofing company to redo some
> flashing.
>
> Unfortunately, I can't get AAA insurance here in Washington. They sell
> insurance, but as an agent, not their own insurance. If you can get AAA
> insurance, I recommend it. However, I would not take them at their word
> regarding the value of your vehicle in case of a claim. In Oklahoma they
> told me that I would need to buy an agreed value policy to guarantee the
> full value of the vehicle. That required a yearly mileage limit, nightly
> garaging even if away from home, never driving off of pavement, and a
> number of other restrictions I did not want. They gave me the same "actual
> value" statement, but then said that that actual value was whatever NADA
> stated. The policy itself says that no claim in excess of "actual value"
> will be paid.
>
> If you find that the insurance company claims that your vehicle is a total
> loss, you will probably find that some negotiations are required to get
> anything like "true value" for it.
>
> mcneely
>
> On Fri, Jun 23, 2017 at 12:10 PM, Charles Abney <tsudonimh@gmail.com>
> wrote:
>
> > Just an FYI, since you are retired and appear to be looking for lowest
> > cost, you may qualify for special rates. Well, if you live in
> > California. If so, try mylowcostauto.com . Otherwise, check your own
> > state for special rates.
> >
> > But it sounds like you have a pretty good deal already from AAA.
> >
> > On Fri, 2017-06-23 at 10:56 -0700, PB wrote:
> > > I've had a 12-month auto insurance policy with Wawanesa for the past
> > > 15
> > > years. Despite fairly poor service, I kept them because I haven't had
> > > any
> > > tickets or at-fault accidents and their price was the lowest I could
> > > find.
> > > Today I learned that my 12-month auto insurance policy would be
> > > changed to
> > > a 6-month policy with the yearly cost raised by $700 regardless of my
> > > clean
> > > record and low mileage!  I'm retired and all my driving is for
> > > pleasure.
> > >
> > >
> > > I just got an estimate from AAA. They have additional discounts that
> > > Wawanesa doesn't have,
> > > a reputation for great service, their policy is 12 months and much
> > > lower
> > > than my Wawanesa  quote!  I also asked them how they would value my
> > > Westy
> > > if it were a total loss, and they explained that they go by the
> > > actual
> > > value, rather than just using the Blue Book.
> > >
> > > My policy renews July 18.  Can I please have some recommendations,
> > > comments, and pointers  about insurance companies.  I'll probably
> get
> > > an
> > > estimate from Progressive.  I believe they consider a Westy as an RV,
> > > but
> > > don't know if that's an advantage above AAA.
> > >
> > > Patti
> > > 90 Westy Automatic
> > > Los Angeles
> > >
> >
>
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