[DeTomaso] J.C.Taylor Classic & Collectable Insurance

[JJD1010 at aol.com]

In a message dated 8/31/2006 10:23:12 PM Central Daylight Time, 
asajay at asajay.com writes:

(they won't pay if you get into an accident). 
.
Actually, umbrella coverage could in fact pay; that's why you have it. 
Suppose you t-boned a car and 2 people got life threatening injuries and were 
paralyzed. Your car liability coverage would soon be used up and the injured party 
would sue you personally for your other assets, including your house. Umbrella 
policies protect you in those cases. The higher umbrella coverage would 
supplement your automobile coverage.

On another note, every state has different licensing requirements for the 
insurance companies so comparing one state to another can sometimes be difficult, 
even for the same insurance company. For example, in Texas, State Farm does 
not have a "Collector Car" insurance company. Further, they do not have an 
"Agreed Amount" policy, only "Stated Value." Stated Value means they pay what they 
think is reasonable but not more than the "Stated Value" that you requested. 
Stated Value protects the insurance company more than it protects you.

In my business, I have to deal with the insurance companies. I agree with the 
comments about Farmers. Same for Progressive. Progressive's aggressive 
approach here in Dallas interesting. When you have an accident, they don't tow it 
the shop of your choice, or even to one of their "direct repair" shops. They tow 
your car to one of their lots where they have cheap labor take it apart and, 
then, they send it to a body shop that agrees to do it for Progressive's price 
and to have it done by Progressive's deadline, regardless of what other work 
the body shop might have in their queue. Supplements are very difficult to 
get. When it's done, the car returns to Progressive's lot where they have cheap 
labor reassemble it. So much using ICAR certified repairmen. 

As, the Doctor Engles just said, "Ain't insurance great!"

Jeff
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