Subject: Re: Insurance pros and cons..... by apeacefulstorm on 2008/2/13 18:48:01
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I am still looking for insurance that will give me a agreed upon value yet still allow me to use the car as a daily driver....
DOES NOT EXIST.
Trust me, I've looked high and low. BTW, don't confuse it with stated value or actual cash value, they are different.
Your only choices are to be either under insured, or to lie to your insurer about your driving habits.
Question: Why do you think your car is worth more than other similar ones in the autotrader? An insurer doesn't want to cover a $10K car for $15K because it opens them up to fraud. And in all honesty, why should you ever be entitled to more than replacement value?
I have no illusions about the value of my car....lol I know its a 93 with over 216k on the clock, and while it has alot of sentimental value, actual value is probably a lot less.... having said that, in the event of an accident I would probably want to be able to take off the stuff I want (i.e. undamaged wheels, and the engine if its modded) and not see it totaled out with the salvage guy taking the stuff.... cut me a check for 7 or 8k and I probably can find another one to drive till the wheels fall off....
