Re: RE: [Chrysler300] Insurance

[" Brian & Kathy Frank" <Frank@xxxx>]

To Everyone,
Larry makes some very good points. Without getting into a large seminar on
insurance, when discussing underinsured motorist coverage (optional here in
Wisconsin), make sure you ask your agent how reducing clauses in the policy
are interpreted in your state. The limit in the declarations page may be
reduced by or, alternatively, sit on top of the other person's liability
coverage. Also, ask whether the underinsured motorist coverage, based on the
insuring language, is determined by damages payable or losses incurred.
There is a difference.

Uninsured motorist coverage covers you when the other guy has no insurance.
In some states like Wisconsin this is mandatory in every policy because
liability coverage is not necessary to drive here. No reducing clauses here.

Bottom line, check how the policy works in your state. I have Condon and
Skelly for my collector cars. For years the policy never mentioned uninsured
motorist coverage. (Back then underwritten through St. Paul Fire & Marine
Ins.) When I told them it was mandatory in Wisconsin, they said the coverage
would be there if needed. I had them put that in writing.

Brian Frank
(Defense attorney for Allstate Insurance)

----- Original Message -----
From: D'Aloise, Lawrence Jr. <ldaloise@xxxx>
To: <smopar@xxxx>; D'Aloise, Lawrence Jr. <ldaloise@xxxx>;
'Terry Lynch' <terrytown@xxxx>; <Chrysler300@xxxxxxxxxxxxxxx>;
Charles M. Kreszock <kreszockcm@xxxx>
Sent: Wednesday, February 25, 2004 3:38 PM
Subject: RE: RE: [Chrysler300] Insurance


Allstate. The coverage is for liability alone since the collector cars are
covered for collision, comprehensive etc by the collector car insurer,
Haggerty, as well as for PIP(no-fault) and basic liability coverage of
$300000 I believe. In order to get umbrella coverage, one needs to have
underlying liability coverage of a certain amount, which varies depending on
the insurer. I believe Allstate requires Underlying limits of $250000. Don'
forget that underinsurance, sometimes called supplemental uninsured coverage
is very important to have. Underinsurance covers you for pain & suffering
from injuries to yourself or others in your car if the insurance on the
other car is not sufficient. The topic of underinsurance is complicated &
this coverage may not be available in all states. Suffice it to say, if it's
available to you, you ought to have it.

Larry D'Aloise

-----Original Message-----
From: smopar@xxxx [mailto:smopar@xxxx]
Sent: Wednesday, February 25, 2004 3:54 PM
To: D'Aloise, Lawrence Jr.; 'Terry Lynch'; Chrysler300@xxxxxxxxxxxxxxx;
Charles M. Kreszock
Cc: Charles M. Kreszock
Subject: Re: RE: [Chrysler300] Insurance



> Lawrence, your comments were interesting. What company issues an umrella
policy for all your vehicles, including the collector cars? I assume you
have additional comprehensive, etc coverage through a collector car
insurance company as well then?
Steve Albu
> From: "D'Aloise, Lawrence Jr." <ldaloise@xxxx>
> Date: 2004/02/25 Wed PM 03:38:59 EST
> To: 'Terry Lynch' <terrytown@xxxx>,
Chrysler300@xxxxxxxxxxxxxxx,
> "Charles M. Kreszock" <kreszockcm@xxxx>
> CC: "Charles M. Kreszock" <kreszockcm@xxxx>
> Subject: RE: [Chrysler300] Insurance
>
> No collector car insurance will insure a car for daily driving. The reason
> the rates are inexpensive is that the vehicles are not used for errands
etc,
> & they are garaged. Although it is certainly important to have adequate
> coverage if your car is damaged or destroyed, the most important
> consideration is that you have adequate liability & underinsurance
> coverage.It doesn't do you much good to get full recompense for the damage
> to your car from your insurer if your car is destroyed in an accident that
> is your fault if you injure someone seriously & are faced with a
$1million
> dollar judgment and you only have $25000 liability coverage. The best
> solution is to have a basic policy & an umbrella policy which covers all
> your vehicles, including the classic cars. My umbrella policy covers my
> classic cars for only $10 each per year.
> Take this advice from a good source, a personal injury lawyer.
> Larry D'Aloise
>
> ---Original Message-----
> From: Terry Lynch [mailto:terrytown@xxxx]
> Sent: Wednesday, February 25, 2004 2:00 PM
> To: Chrysler300@xxxxxxxxxxxxxxx; Charles M. Kreszock
> Cc: Charles M. Kreszock
> Subject: Re: [Chrysler300] Insurance
>
>
> The trouble that I'm having is finding a company who wants to write me a
> policy that allows more than just driving to shows, etc. I recently
acquired
> a '62 Dodge D100 and my long time carrier (USAA) informed me that they
will
> only write a liability policy. They will not write a policy for comp &
> collision on vehicles older that 20 years. My '64 300 is currently fully
> insured with them, so maybe it was grandfathered in since their new
> guidelines?
>
> I called a whole slew of the 'Collector Car' insurance companies and have
> yet to find one who allows for;
> - vehicles not kept in a locked garage
> - vehicles driven in excess of 2000 or 3000 miles a year
> - vehicles driven ocasionally or moderately for running errands, driving
to
> work, etc. In other words what I would call a 'daily driver'.
>
> I like my old cars and while none of them are concours quality show cars,
> they are in good condition and I want to be able to drive that dang
things!
>
> Does anybody know of a company who might have stated value type policys
that
> allow some daily driving, etc?
>
> Thanks
> Terry Lynch
> St. Peteersburg, FL
>
>
>
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To send a message to this group, send an email to:
Chrysler300@xxxxxxxxxxxxxxx

For list server instructions, go to
http://www.chrysler300club.com/yahoolist/inst.htm
Yahoo! Groups Links