- The original cost new
- Horsepower, size, weight, other physical characteristics
- Model year
- Vulnerability to damage
- Vehicle features such as: Sports Car, Speed, Styling, Seating capacity, Handling capabilities
All of this information is spelled out in the VIN of the vehicle. The newer the faster, better handling, more expensive car will cost you more to insure. All of these factors are plugged into a vehicle symbol. The higher the symbol, look out. Once you get into the symbol 20 or higher category, you really might want to talk to your agent.
1. Stop but do not obstruct traffic
2. Assist injured have someone call police. Repeat after 5 minutes
3. Secure names, phone numbers, addresses of all drivers, witnesses, etc.
4. Secure make, model, license numbers of all cars involved.
5. Make drawing of scene, showing position of cars and other details
6. Don’t hastily accept claim settlements at scene of accident.
7. Remain calm, courteous and consistent in your version of accident.
8. Notify your insurance agent as soon as possible.
It would be a great idea for all of us to have an inventory of our personal property. Other ways to keep record would be to:
- Take pictures of and or videotape your possessions
- Keep your receipts
- Get appraisals and keep them current for expensive and/or scheduled property
It is a difficult and time consuming task but will definitely be well worth it if you ever suffer a large loss!
We use the latest software available to us through our excellent line up of companies to determine an estimate of what it would cost to replace your home in the event of a total or partial loss. We are able to do this by asking you several questions regarding your homes construction type. Download this PDF to see all of the things used to determine your homes value. Keep in mind this is only an estimate, and your agent may be able to help you with coverages that could further protect your investment.