RE: [Chrysler300] Baited Breath, Barrett-Jackson, & Collector Car Insurance

[<john_nowosacki@xxxxxxxxxxx>]

I guess there are different ways to look at the insurance issue.

The first approach is having enough insurance to get the car repaired in case of an accident.
I currently have my G vert insured for $30K, because it's hard for me to imagine that much damage occurring to it in any fender bender.  I know that's probably naïve and should be raised a bit considering current pricing, but I also know that with the help of this club, If I needed to find a door, fender, hood, bumper, or even a NYer or Newport rear clip, people would help me find it, and I have body shops and fabrication shops in the northeast that could help me put humpty dumpty back together again for less than $30K (well, maybe now $40K).

The second issue is one of 'replacement value', to insure against the 'total loss' scenario of a fire occurring in my garage, or the outright disappearance (theft) of the car.  You can't fix it if it's not even there.
How do you replace something that they just don't make anymore?
This is a tougher issue, and I'd like to hear people's comments and suggestions regarding this point.  Is that a different kind of insurance?
If my car is stolen, is any insurance company going to give me a blank check and a plane ticket to Barrett Jackson to buy a replacement?  I doubt it.

Just my 2 cents
John

-----Original Message-----
From: Chrysler300@xxxxxxxxxxxxxxx [mailto:Chrysler300@xxxxxxxxxxxxxxx] On Behalf Of moparpjf@xxxxxxx
Sent: Friday, January 27, 2006 8:34 AM
To: c300@xxxxxxx; robkern@xxxxxxxxxxxxx; Chrysler300@xxxxxxxxxxxxxxx
Subject: Re: [Chrysler300] Baited Breath, Barrett-Jackson, & Collector Car Insurance

 
In a message dated 01/27/2006 2:34:39 AM Eastern Standard Time,  c300@xxxxxxx 
writes:

I had  Hagerty jack up the coverage on my C-300 from $30K to $40K last year
with  no flack.  I have provided pictures of my 2-3 grade car to  them.
Insurers that over-insure property tend to have losses, some  VERY
mysterious.



I agree that there are abuses but, what is the guy who bought Dave  
Clellend's car supposed to do when he has a bill of sale for $199,800.00  (purchase 
price plus commission)?  Shouldn't he be able to insure the car  for what he paid 
for it?  If that is the case, then shouldn't Dave have  been able to insure 
it for the same amount before the sale?  Strikes  me that value is value and 
the idea of insurance is to insure according to the  value and risk.  If a 
public auction isn't proof of market value, I don't  knnow what is.
 
Pete Fitch


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