Collision insurance?
08-01-03, 11:56 AM
#1
Full Member
Thread Starter
Join Date: Apr 2002
Location: Rochester NY
Posts: 212
Likes: 0
Received 0 Likes
on
0 Posts
Collision insurance?
Does anyone have collision on their FC? I was told it's not worth it to put on even though I put a lot into my FC due to market value:\
08-01-03, 12:34 PM
#2
Yes, I do. I've had it since the car was new. Probably only about $300 a year (I would need to look at the policy for sure). I figure my '89TII is worth a hell of a lot more than that. Even book value for a private party is $4100 stock. I have all receipts etc. and a lot more that that in it. I just keep all receipts and hope I never need to use them for documentation.
My daughter just had an accident with her '94 Cavalier convertible, her fault, car was totaled. She got a check for $3685, in her pocket. $4185-$500.
To me it's worth it.
My daughter just had an accident with her '94 Cavalier convertible, her fault, car was totaled. She got a check for $3685, in her pocket. $4185-$500.
To me it's worth it.
08-01-03, 12:37 PM
#3
Seduced by the DARK SIDE
Join Date: Apr 2001
Location: Orange Park FL (near Jax)
Posts: 7,323
Likes: 0
Received 2 Likes
on
2 Posts
My 91 just fell below the "not worth it" threshold.
If you put much into an older car, you can get insurance for higher than book declared value.
I don't know much about it, except that costs more.
If you put much into an older car, you can get insurance for higher than book declared value.
I don't know much about it, except that costs more.
08-01-03, 02:35 PM
#4
Full Member
Thread Starter
Join Date: Apr 2002
Location: Rochester NY
Posts: 212
Likes: 0
Received 0 Likes
on
0 Posts
Well I have an 88...I since put a new engine in it and am getting it all repainted this month. However, I asked the insurance lady and she said to still not put collision on it because the insurance companies don't really take that stuff into account:\
08-01-03, 03:24 PM
#6
Lava Surfer
Join Date: Mar 2002
Location: Kailua, HI
Posts: 2,354
Likes: 0
Received 0 Likes
on
0 Posts
Originally posted by Aaron Cake
I have $25,000 on mine, and I pay through the ***....So "worth it" is all a matter of opinion...
I have $25,000 on mine, and I pay through the ***....So "worth it" is all a matter of opinion...
Thread
Thread Starter
Forum
Replies
Last Post