[DML] Re: Insurance comments

[raynet@xxxx]

In talking to my insurance company I found that they generally use the book value of the vehicle when working with claims. In calling my town assessors office (that wonderful place that calulates my property taxes...) I was informed that the book value is between 9k and 19k depending on condition. Maybe not the same 27-29k originally paid if you bought it brand new but enough if you bought it second (third or fourth too) hand

Raymond McKay
Network Administrator
Funnybone Interactive

<SNIP>
> With the recent talk about auto insurance, an important point to consider 
> (especially with collectable vehicles) is that most insurance does NOT 
> provide for replacement cost. What this means is that if your Delorean 
> receives considerable damage in an accident, your insurance company may 
> decide that the repair cost exceeds the DEPRECIATED VALUE of your eighteen 
> year old vehicle. Believe it or not, your regular auto insurance may put a 
> value on your Delorean of only a few thousand dollars. You could become 
> painfully aware of this fact, only when you filed a claim
<SNIP>


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