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

["Michael Reed" <mrreed@xxxxxxxxxxxxxx>]

I don't believe B-J prices are indicative of market value, at least in the vast majority of sales there. Put Clellend's 300 through any other auction and see what it brings. It seems to me there were an awful lot of the cars sold at B-J where the owner would not be able to even begin to get his money back if he decides to sell.

That's my opinion...

Mike in Lake Odessa, Michigan
  ----- Original Message ----- 
  From: moparpjf@xxxxxxx 
  To: c300@xxxxxxx ; robkern@xxxxxxxxxxxxx ; Chrysler300@xxxxxxxxxxxxxxx 
  Sent: Friday, January 27, 2006 08:33
  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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