<VV> corvair values and theft/loss

[J R Read_HML]

Ray,

Ray,

The amount STATED is the maximum they would pay - based on actual cash 
value.  An actual total loss settlement could be substantially less than the 
amount stated.  If you want to know in advance what the settlement would be, 
you would need an AGREED amount policy.  You'll likely need an appraisal for 
that one.  You and the insurer agree in advance of any claim as to what the 
value of the car is.  The amount should be re-evaluated and adjusted from 
time to time.
Later, JR


----- Original Message ----- 
From: "Ray R. (aka Grymm)" <vairguy at echoes.net>
To: <virtualvairs at corvair.org>
Sent: Wednesday, June 02, 2010 1:48 AM
Subject: <VV> corvair values and theft/loss


> Just wanted to mention to you guys...
>
> My insurance agent is someone I used to have a good business relationship 
> with so maybe I get preferential treatment... but when I insured my 66' 
> Corsa with State Farm they automatically did a "stated value" policy for 
> me which I really liked..   There is always a fear that the insurance 
> company will total out a car and give us nowhere near what we feel it's 
> worth!  I also feel their rates are very reasonable (for someone with a 
> clean record.. dunno about other situations)... they saved me quite a bit 
> over my last insurer... I also had a claim last year on a non-corvair and 
> they gave me a very fair settlement price.. better than I expected.
>
> Speaking of which, now that the car is finished and painted I have to call 
> and up the value (and my rate!).
>
>
> Ray "Grymm" Rodriguez III
> Lake Ariel, PA
> CORSA member
> 66' Corsa 140/4 coupe
> 65' Corsa 140/4 coupe (under construction and almost done!)