Insurance

[Lawrence Bardfeld <LB6116@PITCAIRN.com>]

I've had an even easier time - perhaps due to the quality of the 
insurance company/broker I use.  Agreed upon value is indeed a great 
solution.  When I purchased my 93 S4 a few months ago, the policy was 
written with an agreed value (provided by the insurer, not me) of 
$28,000.  Needless to say, that's greatly in excess (in fact, by over 
$10,000) of what I paid for the car.  My other cars also have agreed 
upon values - also, IMO, for much more than they're actually worth, 
but if the insurer is willing, I'm certainly not going to disagree :) 
 Tthe insurance on my house is a variation, since it's insured for the 
cost of rebuilding it, and if it were "totaled" I'd have to be a 
lunatic to rebuild when I could buy a comparable house for about half 
of what the insurance proceeds would be.

All of which means, from an economic standpoint, that I'd be extremely 
fortunate if one day, while no one was home, a meteorite landed on my 
house and cars and wiped them out :)



Date:	Thu, 6 May 1999 11:12:54 -0400
From:	"William Cooper" <william_c_cooper@email.msn.com>
Subject:	Re. Screwed by Insurance Co.

Ever heard of Agreed Value.  If you can justify the value of your 
vehicle (estimate/Photo)  you can carry physical damage for that 
amount.  Guess what, with just a little effort on your part, you could 
get some of that money back you've had stolen over the years by your 
insurance company.  I do it all the time, for you see, I am an GASP!!! 
 Insurance Agent.  When I'm not screwing the public I usually spend my 
time paying out claims and wet nursing people like you who just don't 
get it!!!