Insurance

["ERIC C MARSH" <ECMarsh@xxxxxxxxxxx>]

Insurance is a subject that could become a very looooong thread but, here goes. I carry both Regular and Specialty insurance. My daily driver is with State Farm and has liability, comp and no collision. My other vehicles are with Grundy (specialty company) and I agree to live with certain restrictions on usage and mileage. The specialty gives me total coverage at a very reasonable price and the restrictions generally fit the use of the car. The biggest advantage is, if I have an accident and get totalled, the insurance company gives me what I have the vehicle insured for.  If you have AllState, State Farm, Travelers, etc. and have aaan accident it is an entirely different story. You then get ACV - Actual Cash Value which is less than what you hoped for.  You can counter this by paying more and getting Stated Value insurance. I priced this for my daily driver and after getting the quote, I bought a parts car instead. Now I drive my daily driver knowing I can rebuild if nailed by the inattentive driver and the daily driver is obviously where I have the most exposure.   Eric Marsh

----- Original Message -----

From: William Herbert

To: Imperial

Sent: Saturday, May 03, 2003 9:11 PM

Subject: IML: Insurance

Hey Folks,

             I just wanted to know how some of you are handling the insurance on your Imperials and collectible vehicles.  Are you insuring as collectable, do you have a separate policy on your Imps versus daily drivers. How many are fully insured with collision? Anyone getting multiple car discounts for their Imps being on their "driver" policy.

I am  with Allstate , I am just running liability insurance on my Newport but it's not a valuable car..and it doesn't get alot of miles put on it.