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+--- Thread: Insurance companies (/showthread.php?tid=5892)
- WRXtranceformed - 11-01-2007
.RJ Wrote:I dunno, I'll have to ask himWRXtranceformed Wrote:He had that policy and insurance covered everything he could provide a receipt for.
Did they refuse coverage for things that he did not have a receipt for?
- Mike - 11-01-2007
Kaan Wrote:Mike Wrote:WRXtranceformed Wrote:I think you have to show receipts of any aftermarket stuff though, even if you have it insured for a certain amount. If you have receipts you're in good shape.
that's what i've heard (take ht stories for what they're worth) as well. i'm pretty certain kaan couldn't come up with 10k (or 500) in aftermarket parts on that pile.
I pay the premium for $10k extra coverage, even if i have ZERO extra parts on it. stop living in your little world for a minute, snap out of it, and understand that it doesnt matter what is on the car, i'm bascially insuring it for a price. thats it. you feel you need to bash me, my car, my motorcycle, and my project... you need to call your girl and ask for your balls back... because you are going to need them to even attempt to talk shit with me.
kaan, i'm sorry, you don't scare me.
why are we suddenly getting butthurt over hating on each other and busted piles?
- CaptainHenreh - 11-01-2007
Mike Wrote:why are we suddenly getting butthurt over hating on each other and busted piles?
It's been many moons since the Great Hate. The cup of wrath shall soon overflow.
- Mike - 11-01-2007
CaptainHenreh Wrote:Mike Wrote:why are we suddenly getting butthurt over hating on each other and busted piles?
It's been many moons since the Great Hate. The cup of wrath shall soon overflow.
dude, you totally missed the chance to say "overfloweth."
- CaptainHenreh - 11-01-2007
Mike Wrote:CaptainHenreh Wrote:Mike Wrote:why are we suddenly getting butthurt over hating on each other and busted piles?
It's been many moons since the Great Hate. The cup of wrath shall soon overflow.
dude, you totally missed the chance to say "overfloweth."
My hogpen overfloweth.
- WRXtranceformed - 11-01-2007
I have seen the Great Hate on the horizon. It was heralded by the return of Evan and the subsquent influx of haikus.
- Kaan - 11-01-2007
you shit up my project thread and need to ask questions? stay in your little world... install your mass produced parts... and keep your mouth shut about my stuff. But i dont think you'll listen. you didnt listen about riding motorcycles... you pitched it down the road... its still not fixed... and then you let the internet stories scare you... yet you still look in the motorcycle section like you know everything about it. remember all that when you want to talk shit about other people and their cars/bikes.
i'm going to go ride my busted motorcycle around town now... carry on.
- WRXtranceformed - 11-01-2007
Kaan Wrote:you shit up my project thread and need to ask questions? stay in your little world... install your mass produced parts... and keep your mouth shut about my stuff. But i dont think you'll listen. you didnt listen about riding motorcycles... you pitched it down the road... its still not fixed... and then you let the internet stories scare you... yet you still look in the motorcycle section like you know everything about it. remember all that when you want to talk shit about other people and their cars/bikes.
i'm going to go ride my busted motorcycle around town now... carry on.
OH GOD IT IS ALMOST UPON US!!!!!!!!!!!!!!
- Mike - 11-01-2007
Kaan Wrote:you shit up my project thread and need to ask questions? stay in your little world... install your mass produced parts... and keep your mouth shut about my stuff. But i dont think you'll listen. you didnt listen about riding motorcycles... you pitched it down the road... its still not fixed... and then you let the internet stories scare you... yet you still look in the motorcycle section like you know everything about it. remember all that when you want to talk shit about other people and their cars/bikes.
i'm going to go ride my busted motorcycle around town now... carry on.
i'm laughing.
- Jewels - 11-01-2007
WRXtranceformed Wrote:Kaan Wrote:you shit up my project thread and need to ask questions? stay in your little world... install your mass produced parts... and keep your mouth shut about my stuff. But i dont think you'll listen. you didnt listen about riding motorcycles... you pitched it down the road... its still not fixed... and then you let the internet stories scare you... yet you still look in the motorcycle section like you know everything about it. remember all that when you want to talk shit about other people and their cars/bikes.
i'm going to go ride my busted motorcycle around town now... carry on.
OH GOD IT IS ALMOST UPON US!!!!!!!!!!!!!!
Yeah and now its Alumni on Alumni, it makes it more interesting. :goes to get popcorn:
- WRXtranceformed - 11-01-2007
Who knew the Great Hate would return in the form of Civil War?~?~?
- Maengelito - 11-01-2007
WRXtranceformed Wrote:Kaan Wrote:you shit up my project thread and need to ask questions? stay in your little world... install your mass produced parts... and keep your mouth shut about my stuff. But i dont think you'll listen. you didnt listen about riding motorcycles... you pitched it down the road... its still not fixed... and then you let the internet stories scare you... yet you still look in the motorcycle section like you know everything about it. remember all that when you want to talk shit about other people and their cars/bikes.
i'm going to go ride my busted motorcycle around town now... carry on.
OH GOD IT IS ALMOST UPON US!!!!!!!!!!!!!!
quick, someone get kaan liqoured up
- Mike - 11-01-2007
this is kaan's bar of choice:
![[Image: gaywow3_web.jpg]](http://www.geeked.org/images/gaywow3_web.jpg)
- Ginger - 11-01-2007
Getting back on topic, I could pretty much guarantee you'll need reciepts for "performance/aftermarket parts" added to your vehicle for increased value. Not requiring reciepts creates a Moral Hazard and provides incentive for people with low value cars to over insure them based on "performance/aftermarket" provisions and help the cars to disappear. The simple fact that you're paying for increased coverage doesn't necessarily mean that an insurnace company will just cut you a check.
To my understanding, there are exceptions to the above. In the case of cars that have a high value in man hours there are special policies (I've never looked into them, but I believe they're usually from special insurnace companies) available. In those policies an agent will meet with the insured to asses an agreed upon value. Insurance is as "As You Were" business, so they'll want evidence of what was... they're not in the business of making people better off.
- .RJ - 11-01-2007
asteele2 Wrote:Not requiring reciepts creates a Moral Hazard and provides incentive for people with low value cars to over insure them based on "performance/aftermarket" provisions and help the cars to disappear
How is that different from insuring a car thats worth more money? You pay a premium based on a number of factors, including the replacement cost of the vehicle.
- Evan - 11-01-2007
andrew they increase your premiums based on the value of the car.
no different from driving a car worth $10k more than the one you insure. although im sure they have some kind of algorithm that calculates a modified car's higher risk of theft.
- WRXtranceformed - 11-01-2007
Evan Wrote:andrew they increase your premiums based on the value of the car.
no different from driving a car worth $10k more than the one you insure. although im sure they have some kind of algorithm that calculates a modified car's higher risk of theft.
Not to mention another that calculates the car's higher risk of going a lot faster. Why else do you put performance parts on a car after all?
- WRXtranceformed - 11-01-2007
I just got a call from Allstate, they were following up with the renewal package I was sent and wanted to make sure I had looked it over to see if there were any other discounts I could get. I'm very impressed with their customer service so far, we'll see how impressed I remain if I ever need to use them for a claim :lol:
- Ginger - 11-01-2007
.RJ Wrote:How is that different from insuring a car thats worth more money? You pay a premium based on a number of factors, including the replacement cost of the vehicle.
It's different because you effectively artifically create value by over insuring. You also definitively own the more expensive car, Kaan, for example, definitively does not have 10K in the CRX.
Evan Wrote:andrew they increase your premiums based on the value of the car.
no different from driving a car worth $10k more than the one you insure. although im sure they have some kind of algorithm that calculates a modified car's higher risk of theft.
I know they increase the premium based on vehicle value. It's also highly based on purpose, typical behavior of other owners, and blah blah. I didn't realize everybody thought I was dumb. I think that it is different from owning a more expensive vehicle (see response to RJ above). Moral hazard stll stands.
*ninja edit* receipts are a good tool for combating said hazard.
- .RJ - 11-01-2007
asteele2 Wrote:It's different because you effectively artifically create value by over insuring
As long as you are paying the increase premium for the increased value (whether real, perceived or artificial) are there any risks/implications from that?
Quote:Kaan, for example, definitively does not have 10K in the CRX.
I dunno, all those engine swaps are adding up