Re: IML: Declared Value insurance -
[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: IML: Declared Value insurance -



Just don't forget the key element: the burden of proof is on the insured at claim time, not premium paying time. You can call them and place about any value you want on it and pay the corresponding premium, but after the fire they don't write a check for your amount unless you prove: A. you owned the property, and B. it was worth $XXXX. If an agent states you will collect the amount insured for, no matter what; get it in writing as you will be collecting from the agents E&O policy, not the vehicle carrier.
I just retired after 40 years as an insurance broker, and have insured several auto dealer collections and individual vehicles. I also have a '58 'vette I have insured for 10 years, plus my 59 Lebaron, to be named later.
Most of the carriers are good, each just has their own quirks, but all operate from the same claim standard.
 
Bob Hatten
 
----- Original Message -----
From: Tom Scott
Sent: Tuesday, October 02, 2007 11:46 AM
Subject: Re: IML: Declared Value insurance -

I've got Infinity (used to be Great American) for my 60 Imperial (value $25000), 80 NYer (value $4500) and 85 Shelby Charger ($3500).  I pay an annual premium of $268.  I chose the annual mileage limit of 3000 miles for each car.  There is no restriction on the use of the vehicle.  They included flatbed towing and roadside assistance.  I've been very pleased with them so far but I've never filed a claim.
Tom
60 Crown 
----- Original Message -----
Sent: Tuesday, October 02, 2007 12:28 PM
Subject: Re: IML: Declared Value insurance -

 I also have Hagerty on my 77 Dodge 440 van, insured for 8k, however there are restrictions on use. About 1500 miles per year, mostly garage kept, no business use, no daily commute to work, for about $300 per year. Do others have the same restrictions? And how do some use their Imperials as "Daily Drivers"? Just wondering, Dave.
 
-------------- Original message --------------
From: "DR CHALLENGER" <drchallenger@xxxxxxxxxxx>

> JC Taylor refused to insure both my 73 dart AND 66 newport, said neither
> meet they requirement of being worth 6k, but Hagerty insures them both.
> Most of the classic carriers dont require an appraisal under 30k of value.
>
>
> >From: randalpark@xxxxxxx
> >>
> >Actually J.C. Taylor does exactly that. Maybe because I have been doing
> >business with them for 30 years without a single claim, and have over 15
> >cars on my policy, but they haven't questioned anything. I suspect that
> >they might want more documentation if a customer was asking for coverage on
> >a higher priced car. I valued my '60 Custom Sedan at $25,000 and that is
> >the highest of all that I ha! ve on the policy. Every couple of years they
> >ask me to review the numbers and make sure that they are still in line with
> >my expectations, but they also get paid more for every dollar of value
> >placed on the car. I have enjoyed a flawlessly executed business
> >relationship with them, and would recommend them to anyone.
> >
> >Paul W.
> >
> >
> >-----Original Message-----
> >From: DR CHALLENGER
> >To: mailing-list@xxxxxxxxxxxxxxxx
> >Sent: Mon, 1 Oct 2007 6:53 pm
> >Subject: Re: IML: Declared Value insurance -
> >
> >
> >no insurance company will insure for WHATEVER valve you choose, they have a
> >figure and if want higher you will need an apprasail showing your value.Â
> >Â
> >>From: YBSHORE@xxxxxxxÂ
> >>>Â
> >>Fellow Imperialist! 's:Â
> >>Â
> >>Kenyon, as usual, is right. There are several insurance companies thatÂ
> >>cater to our vintage needs. JC Taylor will insure YOUR car for
> >WHATEVERÂ
> >>value you choose [and based on existing condition of vehicle with
> >>pictures] andÂ
> >>you will pay as such.....that said, these companies understand how we
> >careÂ
> >>for our cars ( low mileage, limited driving , baby care ) and it is
> >taken >intoÂ
> >>heavy consideration....and if recollection serves, although I wish I
> >couldÂ
> >>carry more, my cars are all in the same 3+/2- condition and my '68 300
> >for >25KÂ
> >>with all the inherent collision, and personal injury to 250K, etc.,
> >-evenÂ
> >>windows- costs me about $170 here in Massachusetts and my '56 Imperial
> >>with 25KÂ
&! gt; & gt;>worth of coverage costs just about that as well, the '55 New Yorker is
> >20KÂ
> >>and $130 or so, these rates existing on vanity/antique platesÂ
> >>ONLY......according to my insurance agent, I can raise 'my stake'
> >anytime, >paying for theÂ
> >>privilege of course, but satisfied.......Â
> >>Â
> >Â
> >Â
> >----------------- http://www.imperialclub.com -----------------Â
> >This message was sent to you by the Imperial Mailing List. Please reply to
> >mailing-list@xxxxxxxxxxxxxxxx and your response will be shared with
> >everyone. Private messages (and attachments) for theÂ
> >Administrators should be sent to iml.webmonster@xxxxxxxxxÂ
> >To UN-SUBSCRIBE, go to http://imperialclub.com/unsubscribe.htmÂ
> >Â
> >
> >
> >______________________________________________________________! _____ _____
> >Email and AIM finally together. You've gotta check out free AOL Mail! -
> >http://mail.aol.com
> >
> >----------------- http://www.imperialclub.com -----------------
> >This message was sent to you by the Imperial Mailing List. Please
> >reply to mailing-list@xxxxxxxxxxxxxxxx and your response will be
> >shared with everyone. Private messages (and attachments) for the
> >Administrators should be sent to iml.webmonster@xxxxxxxxx
> >To UN-SUBSCRIBE, go to http://imperialclub.com/unsubscribe.htm
> >
>
>
>
> ----------------- http://www.imperialclub.com -----------------
> This message was sent to you by the Imperial Mailing List. Please
> reply to mailing-list@xxxxxxxxxxxxxxxx and your response will be
> shared with everyone. Private messages (and attachments) for the
> Administrators should be sent to iml.webmonster@! gmail .com
> To UN-SUBSCRIBE, go to http://imperialclub.com/unsubscribe.htm
>


No virus found in this incoming message.
Checked by AVG Free Edition.
Version: 7.5.488 / Virus Database: 269.13.39/1044 - Release Date: 10/2/2007 11:10 AM


Home Back to the Home of the Forward Look Network


Copyright © The Forward Look Network. All rights reserved.

Opinions expressed in posts reflect the views of their respective authors.
This site contains affiliate links for which we may be compensated.