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On 2 Oct 2001, at 1:11, Mary Barbara wrote: > Oddly enough, we just did some research on this subject. My husband > just finished a frame up restoration of his 71 Datsun 510, including > engine. We found that our current insurance carrier (State Farm) will > provide a 'stated value' policy on the car...the higher we state the > value of the car to be, the higher the premium. We figure he has > about $8000 into it and the premium would be about $250 for 6 months. > There are conditions such as we have to keep it in a (heated) garage > and drive it no more than 5K miles a year. I had a "stated value" policy also, and it sounded just like yours. Unfortunately, when the car was destroyed in an accident, the insurance company informed me of a provision in the policy which stated that they were not required to pay me any more than the car was worth, in spite of what I might have been paying in premiums. When I asked about the "stated value" and the higher premiums, I was told that I should have been more realistic in my appraisals. They chose to have my car appraised by an independent appraiser who specialized in 60s muscle cars and didn't really see why anyone should care about an old VW. His appraisal was for $700, and that's what I got. This was NOT my finest hour, although I have nearly gotten over it by now. - ******************************* Jim Adney, jadney@vwtype3.org Madison, Wisconsin, USA ******************************* ------------------------------------------------------------------- Unsubscribe? mailto:type3-request@vwtype3.org, Subject: unsubscribe