Miata Mailing List: September 1992, Message #40
sponsored by



     


   From: (none)
Subject: Re: Insurance
   Date: (none)

On Sep 15,  1:20pm, Eric Fancher wrote:
> 
> What finally was revealed as the REAL reason for denying coverage was
that I 
> had a Miata.  It turns out that the Miata was on their TARGET list.  That
was 
> their word, TARGET.  I argued that just because the car is a convertible
was 
> not justification for that designation.  Especially when you consider the
air 
> bag and the low horse power.

The term 'target vehicle' is a standard in the insurance industry, and
refers the cars that are targeted for theft and vandalism.  My 1987
Rx-7 turbo was a target vehicle, and the insurance agent needed to 
see the car and take pictures.  Cars like the Camaro/Firebird, Corvette,
Rx-7, ZX, Buick Riviera, etc., are always in the top ten theft list,
and are almost always target vehicles.  Insurance companies base
their target vehicle list on statistics, not on the performance of
the vehicle.  Interestingly, Ferraris, Porsches, and other exotics
are not usually in the top ten list becuase there is a very limited
market for their parts.  F-bodies are all over the place, and it is
relatively easy to dump stolen F-body parts.  I disagree with listing
the Miata as a target vehicle because I don't believe it is a 
high theft vehicle, and there aren't that many of them out there
to create a demand for stolen parts.


-- 
Dennis Ordiway      4675 Newport Beach, CA 92626
Systems Engineer    Vmail: 8537
Silicon Graphics    
djo@sgi.com


"If someone does a great job, say so.  Hug
them.  Praise them.  Buy them a Miata."
- Maureen Moore, Marketing News