Insurance heads-up!!

[William Ng]

--
One of the reasons why I hate the insurance industry.
They are nothing but a big scam.  I remember reading somewhere that some
states allowed waiving liability insurance if you can prove you have a
balance equal to the state's minimum required coverage $.
I'm tempted to do just that. I haven't had a claim in 20 years of driving.
And when you do have to deal with one of them, they attempt to settle with
the least amount of cash they can legally get away with.

Glad your wife will be OK.

Will
1990 200q



At 02:10 PM 12/13/2002, you wrote:


>   I think that that's the sort of thing that you can successfully argue
>based on replacement cost of the exact same thing.  It might be a wasted
>effort, but I wouldn't give up yet...
>
>Luck,
>Robert
>
>
>
>
>
>>From: Mike Arman <armanmik at n-jcenter.com>
>>To: quattro at audifans.com
>>Subject: Insurance heads-up!!
>>Date: Fri, 13 Dec 2002 14:14:16
>>
>>
>>Here's an unpleasant heads-up for those of us who drive older cars . . .
>>
>>Wife crashed her 1991 M*zda 323 two weeks ago - real hard. She'll be OK,
>>out of work until January, banged up, pissed off, broken rib, kneecap,
>>maybe ankle (can't tell yet!), and completely black and blue all over. You
>>can see where the belt and harness were at impact.
>>
>>She bought the car new in 1991, we put a new engine into it in August -
>>$1,800 total - $300 for engine, balance was for everything else, sensors,
>>hoses, this one was done right - plan was to keep the car to 300,000 miles
>>- and it would have made it . . . car ran like new, even looked OK (no
>>rust).
>>
>>
>>Similar cars (not as nice and with original engines) are going for $1,500
>>to $2,000 in the local shopper rags, and we figured that this one ought to
>>be worth $2,500 or so after all the work and parts went in.
>>
>>Insurance called today - ACV (actual cash value) of this vehicle, new
>>engine taken into account, is all of $640, plus tax. $100 deductable gives
>>a net check of $540. (She doesn't know yet - oh man is she EVER going to be
>>mad . . . )
>>
>>
>>"It's twelve years old and has almost 200,000 miles on it!"
>>
>>
>>I asked how much *I* could buy it back for - answer $32.58.
>>
>>
>>
>>
>>That should give us some idea of how much we might be looking at if someone
>>crashes into our beloved Audis "1986 Audi 5000, ACV is $250, less
>>deductable, we're paying you $150 for your car (or what's left of it).
>>Turbo? Qwattrow? Whatzat?"
>>
>>
>>Crashing sucks.
>>
>>Big time.
>>
>>
>>Best Regards,
>>
>>Mike Arman
>
>
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>

--
Regards,
Will
================================================================
William Ng....................................willng at netzero.net
----------------------------------------------------------------
"Never knock on death's door, ring the doorbell and run away..."
"he just hates that."
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