<VV> comprehensive, was Corvair vandalism

[Marc Marcoulides]

I have been selling and servicing Home and Auto Insurance for many years and work in an agency that does the whole USA and feel the need to respond to your comment about comprehensive insurance. You make a good point but need to be mindful of one fact about our favorite car. It is this: a common clause/practice in auto policies is a limit, that is the value of the car. This amount less the deductable is the maximum payment of any claim. When claims are settled this way another deduction comes later and it is the "salvage value" of the car. With our favorite car frequently this practice will mean nothing left when the comprehensive or collision claim is settled. I know many who read this list are in the midwest and east and keep comprehensive on cars and trucks untill they are 10 or 12 years old because that is where companies settle the claim when you hit a deer. But when the cars value is almost gone comprehensive will no longer have much value no matter the attractive price. 

Marc Marcoulides, LUTCF

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


My experience is that "comprehensive" insurance (the part that covers 
theft, vandalism, and acts of nature including deer strikes) is very 
cheap and will pay for itself on the first windshield.

Mike Kost

Kinzelman, Andy wrote:

>Guys,
>My daughter drives her 65 Monza beater to school every day.  Late last school year, she was at an evening program (at school), and two of her tires were punctured.  However, the same thing was done to several other cars.  I grumbled, put new tires on the car, and forgot about it (liability only on the car; no police report made).
>Today, it happened again.  Apparently, hers was the only car messed with.  I have to presume somebody is targeting her; why, I have no idea.  I don't think she has any enemies at school.  I did call the PD; but realize they can't do anything about it.  I still have to rescue the car, & put new tires on it.
>
>Any ideas?  I can't take off work & watch the car - it may never happen again; it may happen in the next week.  I also doubt the police will make a special watch over it.  I just don't know what to do.
>
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