Re: IML: Declared Value insurance -

["Bob Hatten" <bhatt39@xxxxxxxxxxxxx>]

About any insurance company will allow you to insure your property (real or 
personal) for any amount you chose, however that does not allow you to 
collect more than the  value of the property at claim time. The burden of 
proof in on the insured, in that you must be able to prove the value before 
you can collect the full stated amount. Insurance companies will not pay 
more than the value and create what they define as "moral hazard". If you 
are unable to prove the increased value, then you have only been allowed to 
pay excessive premium, which they do permit.
You must keep good records and do constant diligent research to be certain 
you are not paying excessive premium and can verify value at any time.
Using specialty carriers to insure antique, classic or special interest 
vehicles is in your best interest as private passenger insurors will settle 
claims based on actual cash value, and you don't want that.

Bob Hatten
'59 Lebaron

----- Original Message ----- 
From: <randalpark@xxxxxxx>
To: <mailing-list@xxxxxxxxxxxxxxxx>
Sent: Tuesday, October 02, 2007 7:40 AM
Subject: Re: IML: Declared Value insurance -


Actually J.C. Taylor does exactly that. Maybe because I have been doing
business with them for 30 years without a single claim, and have over
15 cars on my policy, but they haven't questioned anything. I suspect
that they might want more documentation if a customer was asking for
coverage on a higher priced car. I valued my '60 Custom Sedan at
$25,000 and that is the highest of all that I have on the policy. Every
couple of years they ask me to review the numbers and make sure that
they are still in line with my expectations, but they also get paid
more for every dollar of value placed on the car. I have enjoyed a
flawlessly executed business relationship with them, and would
recommend them to anyone.

Paul W.


-----Original Message-----
From: DR CHALLENGER <drchallenger@xxxxxxxxxxx>
To: mailing-list@xxxxxxxxxxxxxxxx
Sent: Mon, 1 Oct 2007 6:53 pm
Subject: Re: IML: Declared Value insurance -


no insurance company will insure for WHATEVER valve you choose, they
have a figure and if want higher you will need an apprasail showing
your value.

> From: YBSHORE@xxxxxxx
> >
> Fellow Imperialist's:
> Kenyon, as usual, is right. There are several insurance companies that 
> cater to our vintage needs. JC Taylor will insure YOUR car for
WHATEVER
> value you choose [and based on existing condition of vehicle with pictures] 
> and you will pay as such.....that said, these companies understand how we
care
> for our cars ( low mileage, limited driving , baby care ) and it is
taken >into
> heavy consideration....and if recollection serves, although I wish I
could
> carry more, my cars are all in the same 3+/2- condition and my '68 300
for >25K
> with all the inherent collision, and personal injury to 250K, etc.,
-even
> windows- costs me about $170 here in Massachusetts and my '56 Imperial with 
> 25K worth of coverage costs just about that as well, the '55 New Yorker is
20K
> and $130 or so, these rates existing on vanity/antique plates 
> ONLY......according to my insurance agent, I can raise 'my stake'
anytime, >paying for the
> privilege of course, but satisfied.......


----------------- http://www.imperialclub.com ----------------- 
This message was sent to you by the Imperial Mailing List. Please reply
to mailing-list@xxxxxxxxxxxxxxxx and your response will be shared with
everyone. Private messages (and attachments) for the
Administrators should be sent to iml.webmonster@xxxxxxxxx
To UN-SUBSCRIBE, go to http://imperialclub.com/unsubscribe.htm



________________________________________________________________________
Email and AIM finally together. You've gotta check out free AOL Mail! -
http://mail.aol.com

-----------------  http://www.imperialclub.com  -----------------
This message was sent to you by the Imperial Mailing List. Please
reply to mailing-list@xxxxxxxxxxxxxxxx and your response will be
shared with everyone. Private messages (and attachments) for the
Administrators should be sent to iml.webmonster@xxxxxxxxx
To UN-SUBSCRIBE, go to http://imperialclub.com/unsubscribe.htm




--
No virus found in this incoming message.
Checked by AVG Free Edition.
Version: 7.5.488 / Virus Database: 269.13.36/1041 - Release Date: 10/1/2007 
10:20 AM



-----------------  http://www.imperialclub.com  -----------------
This message was sent to you by the Imperial Mailing List. Please 
reply to mailing-list@xxxxxxxxxxxxxxxx and your response will be 
shared with everyone. Private messages (and attachments) for the
Administrators should be sent to iml.webmonster@xxxxxxxxx
To UN-SUBSCRIBE, go to http://imperialclub.com/unsubscribe.htm