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Old 01-11-2010, 11:54 AM
 
13,710 posts, read 22,826,319 times
Reputation: 18521

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Quote:
Originally Posted by moved View Post
I have GMAC. I pay $270 every six months for full coverage on a 94' Astrovan.
Why do you carry full coverage on a 16 year old van that will be worth under $1,000 if you total it tomorrow?
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Old 01-11-2010, 06:27 PM
 
Location: Talmadge, San Diego, CA
12,967 posts, read 24,006,718 times
Reputation: 7682
I've put a lot of work into it, and it runs really well. I had another van that didn't have full coverage, and someone hit it one night while I was asleep. I have a really good mechanic, and he said that with full coverage and all of the receipts for the work that I've had done, my insurance company would have to pay me more than the blue book value if it's in an accident.
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Old 01-11-2010, 06:45 PM
 
10,700 posts, read 20,119,835 times
Reputation: 9849
Quote:
Originally Posted by moved View Post
I've put a lot of work into it, and it runs really well. I had another van that didn't have full coverage, and someone hit it one night while I was asleep. I have a really good mechanic, and he said that with full coverage and all of the receipts for the work that I've had done, my insurance company would have to pay me more than the blue book value if it's in an accident.
LOL that's a good one...mechanic telling you what the insurance company will pay...HAHAHHAHAA
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Old 01-11-2010, 07:06 PM
 
Location: Talmadge, San Diego, CA
12,967 posts, read 24,006,718 times
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If something happend to my van, I would not be able to afford to replace it. You don't know my mechanic, so whatever you're thinking isn't valid.
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Old 01-11-2010, 07:13 PM
 
10,700 posts, read 20,119,835 times
Reputation: 9849
Quote:
Originally Posted by moved View Post
If something happend to my van, I would not be able to afford to replace it. You don't know my mechanic, so whatever you're thinking isn't valid.
Well your insurance won't pay out what you think it will...unless your mechanic is also your insurance adjuster.
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Old 01-11-2010, 08:09 PM
 
Location: Talmadge, San Diego, CA
12,967 posts, read 24,006,718 times
Reputation: 7682
He's been in business for a long time, and he knows what can be gotten from insurance companies. You don't know him, you don't know me, and you wouldn't know the circumstances if they happened.

So you need to mind your own business. From your posts, you sound like you're a young kid.
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Old 01-12-2010, 12:10 AM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
20,785 posts, read 37,451,783 times
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Quote:
Originally Posted by moved View Post
I have GMAC. I pay $270 every six months for full coverage on a 94' Astrovan.


What is that thing worth to you? ( I would guess under $1200). I usually stop full coverage when car value falls below 1 month net income. OR I set an emergency fund just for a replacement (Or hope you get hit by one of the few drivers that actually HAS insurance)
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Old 01-12-2010, 12:17 PM
 
13,710 posts, read 22,826,319 times
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Quote:
Originally Posted by StealthRabbit View Post


What is that thing worth to you? ( I would guess under $1200). I usually stop full coverage when car value falls below 1 month net income. OR I set an emergency fund just for a replacement (Or hope you get hit by one of the few drivers that actually HAS insurance)
I will admit that I kept full insurance on a beater a few years ago as I rented cars 2-3x a month and it was a lot cheaper than buying the rental insurance.

Other than that, I would never do it.
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Old 01-12-2010, 12:52 PM
 
Location: Talmadge, San Diego, CA
12,967 posts, read 24,006,718 times
Reputation: 7682
If I or anyone else wants to keep full coverage on an older vehicle, it's our business, and no one elses. To each their own.
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Old 01-12-2010, 05:20 PM
 
6,400 posts, read 6,499,594 times
Reputation: 9803
We kept full coverage on our car (worth about $1900) until this month. Employment troubles and our dwindling home business have made it more worthwhile to dump the extra coverage.
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