And just the point to state that I am not an insurance agent, nor have I played one on TV. You may very well be right, Kaleb, I would have to look it up.
Still, a car this old should always be on a stated value policy if you want to protect your investment, no matter how small. No consolation for the W115, but I’ve had it both ways, with a standard policy through a mainline insurer (State Farm) or a direct policy through someone like Hagerty. The policy on my former CL600 was the same price between “regular” insurance and a stated value policy from Hagerty, which my Allstate agent represents as well. He pointed out that despite the equal cost between insurers, Hagerty would pay out stated value on a total loss, Allstate would go for “retail” and most likely much, much lower if there was a total loss. -D > On May 8, 2024, at 4:23 PM, Kaleb Striplin via Mercedes > <[email protected]> wrote: > > Correct me if I’m wrong, but uninsured motorist is to cover your injuries. > > > Sent from my iPhone > >> On May 8, 2024, at 6:00 PM, dan penoff.com via Mercedes >> <[email protected]> wrote: >> >> Ouch. As we say in my family, “Hindsight is always 50-50,” this is a >> perfect example of why having a stated value policy is worth it, even on a >> $1500 car. >> >> I’ve never (knowingly) had a policy that had a limit on property damage, at >> least not one that low. Wouldn’t this be covered under your uninsured >> motorist part of the policy? >> >> -D >> >>> On May 8, 2024, at 3:33 PM, David Bruckmann via Mercedes >>> <[email protected]> wrote: >>> >>> Indeed, the fact that the other party is not insured makes this >>> particularly bad. While I'm "covered" for that situation, my insurance >>> company's limit is $3500 in property damage. So essentially a useless >>> amount that won't even cover the fenders, never mind the rest of the sheet >>> metal and paint. >>> >>> On the bright side, I only paid $1200 for the car. On the dark side, I've >>> spent a fortune on replacing the interior, seat pads, engine mounts, >>> radiator, yadda yadda. In fact, last weekend I replaced the brake calipers, >>> lines, and pads. >>> >>> D. >>> >> >> _______________________________________ >> http://www.okiebenz.com >> >> To search list archives http://www.okiebenz.com/archive/ >> >> To Unsubscribe or change delivery options go to: >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
