Call Us Call Us! (970) 352-9500 (800) 752-6034


You Decide: was my Trailblazer worth $299 or $4,500?

I made the not so wise decision to drop comprehensive (comp) and collision (coll) on my 2002 Trailblazer.  Here were my thoughts that I used to come to this decision:

·         Vehicle was paid for and served me well

·         I didn’t really think it was worth that much

·         Just a spare vehicle  was utilized on a limited basis

·         I had never really had a serious wreck that caused damage to any of my vehicles

·         I have the experience to fix any damage that could happen in a little fender bender

·         I didn’t want to give any more money to the insurance companies than I had to

·         I kept uninsured motorist property damage coverage on it that would cover any damage caused by someone without insurance

Here is where my thought process went south on me:

·         IT BURNED UP!  I never ever thought I would have a vehicle burn up.

·         I can fix things, but I can’t fix charcoal!

·         The “Actual Cash Value” (ACV) was still $5,500 minus the $1,000 deductible, leaving me $4,500 in my pocket

·         The $299 I received from the salvage yard was just enough to cover the towing & storage.

·         COMP & COLL COVERAGE WOULD HAVE COST ME $150 A YEAR.

·         FOR WHAT I LOST, I COULD HAVE INSURED THIS VEHICE FOR 30 YEARS AT THAT RATE.

Now, all I am left with is some ash, a good lesson learned, and a pretty cool video. In fact, check out the video here on our Facebook page!
https://www.facebook.com/UnionColonyInsurance
Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Facebook
Twitter
LinkedIn
Google+
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
© Copyright. All rights reserved.
Powered by Insurance Website Builder