Ferrari Mailing List: Re: 308 qv prices in latest Cavalino

[Lee Lingo (lee.s.lingo]

George,

I'd be interested in it at that "agreed value" of $50,000. :-)

Lee Lingo

On Wed, Apr 13, 2016 at 6:43 AM, George <ygpz4re [at] hotmail.com> wrote:

There's another aspect of "throwing money away"....

If you want to pay your insurance company to assume every nickel of risk, then by all means, adjust your coverage.  Then wait for the jacked up bill.

But, if your car is a low mileage per year car, if you're a careful driver w/ a good driving record, and if you're careful to not put your car in harm's way, then you can consider assuming some of that risk yourself and saving (a lot!) on your insurance bill.  To put it another way, you could spend a ton on full value coverage - *AND NEVER USE IT*.  But if you're willing to accept a lower payout in the unlikely event that the car gets totalled, you can save a bundle.

Example:  my Dad has a car which probably has a solid market value of $120-130K, but he insures it for about 50K (agreed value).  He takes it on pleasure drives, to shows and club events, etc.  The car rarely sees an interstate highway - or interstate travel, for that matter.  His insurance bill is probably cut in half by doing this.  And in the 22 years he's owned the car, he's never needed to make a claim.

It all depends on where one wishes to spend ones money.  ;-)

George P.

[p.s. - shameless plug - Dad's car is a '65 Jaguar E-Type FHC, and is for sale.  If anyone is interested in such a car, please contact me off-list.  It's in great condition and is exceptionally well maintained - in 22 years, the car's never had a failure.  Thanks.]

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Not quite sure what you mean by "lagging behind".

Sent from AOL Mobile Mail

On Tuesday, April 12, 2016, Erik Nielsen <judge4re [at] gmail.com> wrote:

Only if you like throwing money away.

The only thing lagging further behind Cavallino is North Korea's economy...

Sent from my iPad

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Lee Lingo

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