Ferrari Mailing List: Insurance--cheap is not necessarily better

[Robert Rehkopf (CaptRehkopf]

I'm sure the List has had this discussion before but in reading today's
posts about finding cheaper insurance it forced me to probably re-remind
everyone that insurance i.e. insurance companies are only good if they
'stand with you' i.e. pay your claim! Matt Boyd's post was more to the
point, he had a claim they paid, he was satisfied, they didn't cancel him at
the next renewal period, etc.

I have USAA for everything except my new BMW R1100S motorcycle because USAA
stopped insuring any additional motorcycles not currently insured. I shopped
around for insurance for the first time in my adult life, cost is one
consideration but there are more important considerations when selecting an
insurance company. I didn't go with the cheapest but I went with the
company/Dairyland I thought, from talking with others that would pay any
claim without hassle and not cancel me and not raise my rate too drastically
if I had an accident.

I learned the insurance lesson many years ago, from an attorney, ugh! We
were selecting a contractor for a construction project and bonding came up,
she said, she didn't care what company the contractors bond was with as long
as it had a certain 'rating' , i.e. had the resources and reputation to pay
claims. In these economic times this is more important than ever, there are
fly by night bonding companies, etc. popping up charging less money but
without any ability or intent to pay off. Be careful if the deals too good
as they say. My2cents.

1988.5 328 GTS Red/Tan still looking for a good home.

Robert