'Gap insurance' for classics?
in [Classic Cars]
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From: Ian on 7 Dec 2008 14:32 On 7 Dec, 18:59, Adrian <toomany2...(a)gmail.com> wrote: > Phileaus Leaius <w...(a)prettyboy.then> gurgled happily, sounding much like > The value of the car is what it's worth - as set by the retail market. No > more, no less. Insurers recognise that their normal valuation model can't > apply to specialist vehicles like classics, so they accept - and agree - > valuations from the people who should know - marque specialist traders, > clubs etc. And those of who restore our cars know that we will not - on the market or via an insurance payout - recover the cost of the job. That's life. Ian
From: Adrian on 7 Dec 2008 15:05 Phileaus Leaius <whos(a)prettyboy.then> gurgled happily, sounding much like they were saying: >>> but its only 'worth' £11K. Neither number is random in any way - they >>> are accurate reflections of two different states. >> No, only one is even remotely relevant. The value. > To a conventional insurance policy, I'd agree. To a further premium, no. <shrug> Fine. So go buy it. Oh, wait. You can't. Nobody offers it. Looks like a business opportunity for you, eh?
From: Jerry on 7 Dec 2008 15:14 "Ian" <ian.groups(a)btinternet.com> wrote in message news:0eda7cef-403d-4cbd-a9fd-5bd95a8b21dd(a)g38g2000yqd.googlegroups.com... <snip> > > And those of who restore our cars know that we will not - on the > market or via an insurance payout - recover the cost of the job. > That's life. > Whilst the custom car people know that even more so... -- Regards, Jerry. Location - United Kingdom. In the first instance please reply to group, sorry, Emails to the reply-to address are deleted unread.
From: Phileaus Leaius on 7 Dec 2008 16:37 Jerry wrote: > "Phileaus Leaius" <whos(a)prettyboy.then> wrote in message > news:PmW_k.4625$fw1.2704(a)newsfe25.ams2... > <snip> >> Altnernatively, try to resist the temptation of being a smartarse >> and > > Stop talking about yourself. Again, nice snipping. Another halfwit who wants to spout on usenet but hasn't a sodding clue how to answer questions. Now, run along and play with your tin snails :)
From: Phileaus Leaius on 7 Dec 2008 17:34
Jerry wrote: > "Phileaus Leaius" <whos(a)prettyboy.then> wrote in message > news:loX_k.25711$xx1.4087(a)newsfe24.ams2... >> Jerry wrote: >>> "Phileaus Leaius" <whos(a)prettyboy.then> wrote in message >>> news:PmW_k.4625$fw1.2704(a)newsfe25.ams2... >>> <snip> >>>> Altnernatively, try to resist the temptation of being a smartarse >>>> and >>> Stop talking about yourself. >> Again, nice snipping. Another halfwit who wants to spout on usenet >> but hasn't a sodding clue how to answer questions. Now, run along >> and play with your tin snails :) > > I'll do better than that, I'll go back to sorting out insurance claims > with the claims adjusters, you have been given the reason why 'gap > insurance' is not available for anything other than were a known > market value is available - it would be far to open to abuse and > fraud. Well, thanks at least for your first sensible post to the thread. I'm genuinely baffled as to why such a process would be any more subject to abuse than in any other form of insurance, but the fact that such policies dont seem to exist would at least suggest that you're right. |