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New Benefit Idea: Stolen C3 Deductible Coverage

Forum: Vette Registry News and Information

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New Benefit Idea: Stolen C3 Deductible Coverage

Posted: 12/11/06 2:16pmMessage 1 of 11
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Adam Wartell
Lifetime Member
Vette Registry Founder
Moderator
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Eagleville, PA - USA
Joined: 11/1/2001
Posts: 27651
Vette(s): Used to own a 1979 Corvette now owned by JB79
I am considering implementing a new benefit for members of C3VR and, as usual, would like some feedback regarding it.
 
The benefit: Up to $500 of insurance deductible reimbursement for a stolen C3.
 
The details: Each member would be eligible to receive up to $500 of reimbursement per membership year for a stolen C3 owned by that member.  Proof in the form of insurance declarations page and police report would need to be supplied.  Maximum one incident per membership year.
 
Feeback Questions for all of you:
  1. Do you feel this would be a valuable benefit for you?
  2. Would this increase the likelihood of you renewing your current membership when the time comes (for standard and gold)?
  3. Do you think this would attract new members?
  4. Would you be willing to pay $5 more per year knowing that you'd be getting this benefit?
  5. For current lifetime members: Would you be interested in paying $5/year as an optional add-on to your current benefits?

Thanks!

Adam Wartell2006-12-11 14:37:47

-Adam Wartell
NCM Lifetime Member #1222
Founder: Vette Registry 

My first Vette, now owned by JB79:

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New Benefit Idea: Stolen C3 Deductible Coverage

Posted: 12/11/06 5:33pmMessage 2 of 11
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hmel '74
Former Member
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York, SC - USA
Joined: 9/4/2005
Posts: 534
Vette(s): 1974 mille miglia red with oxblood interior 355ci, 320hp
1.  yes i think it would be beneficial (i've been patiently waiting for someone to steal my car Smile)  just kidding, of course.
but sure, it's a great idea.
 
2.  it wouldn't INCREASE my likelyhood of renewing.  i think most gold members anyway would renew no matter what.  i'll continue to renew every year regardless, or until i just "man up" and get the lifetime membership.
 
3.  i'd definitely see it as an attractive feature for someone checking out the site.
 
4.  sure, i'd dish out $5 more for the membership for this.  like i said  i think it's a good idea and if someone gets their car stolen,  heck, any help with the stress would be appreciated.
 
5.  N/A.... for now
Hmel '742006-12-11 17:37:54

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New Benefit Idea: Stolen C3 Deductible Coverage

Posted: 12/11/06 6:06pmMessage 3 of 11
j
jgoglick
Lifetime Member
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Huntsville, AL - USA
Joined: 11/15/2003
Posts: 858
Vette(s): 1971 convertible,375 HP 350ci,Muncie 4-speed,Edelbrock aluminum heads and RPM air-gap manifold,HEI distrubiter - old school mechanical tach drive. LOUD side exhaust!
[QUOTE=Adam Wartell]I am considering implementing a new benefit for members of C3VR and, as usual, would like some feedback regarding it.
 
The benefit: Up to $500 of insurance deductible reimbursement for a stolen C3.
 
The details: Each member would be eligible to receive up to $500 of reimbursement per membership year for a stolen C3 owned by that member.  Proof in the form of insurance declarations page and police report would need to be supplied.  Maximum one incident per membership year.
 
Feeback Questions for all of you:
  1. Do you feel this would be a valuable benefit for you?
  2. Would this increase the likelihood of you renewing your current membership when the time comes (for standard and gold)?
  3. Do you think this would attract new members?
  4. Would you be willing to pay $5 more per year knowing that you'd be getting this benefit?
  5. For current lifetime members: Would you be interested in paying $5/year as an optional add-on to your current benefits?

Thanks!

[/QUOTE]
 
Here's my thoughts -
1. Not for me personally. I have the vette insured through Hagerty with zero deductible.
2. Lifetime member - N/A
3. Yes.
4. It has potential. I would offer it at a slightly higher price for standard members than for gold members. That will help entice a standard member to upgrade to gold. Growing recurring revenue is the goal here.
5.I wouldn't, but it could be very good for those that don't have a deductible policy.
 
To sum up, although not for me, I think it could be a good add-on to help grow the membership and entice membership upgrades.
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New Benefit Idea: Stolen C3 Deductible Coverage

Posted: 12/11/06 6:21pmMessage 4 of 11
g
gs77vet
Free Member
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Joined: 3/19/2005
Posts: 385

hey jgoglick, who is your insurance company and do they have a milage restriction. thanks, gene 

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New Benefit Idea: Stolen C3 Deductible Coverage

Posted: 12/11/06 6:35pmMessage 5 of 11
j
jgoglick
Lifetime Member
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Huntsville, AL - USA
Joined: 11/15/2003
Posts: 858
Vette(s): 1971 convertible,375 HP 350ci,Muncie 4-speed,Edelbrock aluminum heads and RPM air-gap manifold,HEI distrubiter - old school mechanical tach drive. LOUD side exhaust!
Gene - PM sent Wink
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New Benefit Idea: Stolen C3 Deductible Coverage

Posted: 12/11/06 6:42pmMessage 6 of 11
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Adam Wartell
Lifetime Member
Vette Registry Founder
Moderator
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Eagleville, PA - USA
Joined: 11/1/2001
Posts: 27651
Vette(s): Used to own a 1979 Corvette now owned by JB79
[QUOTE=jgoglick]Gene - PM sent Wink[/QUOTE]
 
Thank you for not letting this thread get off topic.  gs77vet and others... if you would like to ask someone a question that is not a reply to the content of a thread, please use the PM function  to ask that person a question.  That helps keep the topic on track and may even get you a quicker reply from the person you are seeking the question from.
 
Thanks!

-Adam Wartell
NCM Lifetime Member #1222
Founder: Vette Registry 

My first Vette, now owned by JB79:

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New Benefit Idea: Stolen C3 Deductible Coverage

Posted: 12/11/06 7:02pmMessage 7 of 11
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JPD1stVette
Gold Member
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Scotch Plains, NJ - USA
Joined: 1/11/2006
Posts: 249
Vette(s): 1981 Corvette Coupe, Stock, Black on Black, 4 Spd
I am not able to have a good policy on the car due to no locked garage to store it in. It's the only policy I could get without it.
So my thoughts:
1. This would be a good deal for me.
2. I have all intentions to renew but this sure adds frosting to the cake.
3. I absolutely think it would increase membership. To what level depends  on where you add this policy.
4. I would pay $5 extra, yes.
5. Not a Lifer yet.

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New Benefit Idea: Stolen C3 Deductible Coverage

Posted: 12/11/06 7:17pmMessage 8 of 11
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Adams' Apple
Lifetime Member
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Duncanville, TX - USA
Joined: 11/8/2003
Posts: 22742
Vette(s): #1-1974 L-48 4spd Cp Med Red Metallic/Black deluxe int w/AC/tilt/tele./p/w-p/b/ Am-Fm/map light National/Regional/Chapter NCRS "Top Flight" #2-1985 Bright Red/Carmine Cp.L-98/auto Member: NCRS, NCRS Texas, Corvette Legends of Texas
I'm in the same boat with John...full coverage/no deduct.

I realize not everyone has the same deal tho. It sounds like it would be a great deal for those with regular insurance. It might be a good "inticement" to put out there for newer members, or for those that are thinking of becoming paid members. $5 a year ain't that much to cover, or at least recover, some part of a deductable.

Joel Adams
C3VR Lifetime Member #56    
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"Money can't buy happiness -- but somehow it's more comforting to cry in a CORVETTE than in a Kia"

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New Benefit Idea: Stolen C3 Deductible Coverage

Posted: 12/11/06 8:05pmMessage 9 of 11
h
haftacmp1
Former Member
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Joined: 4/6/2006
Posts: 610

Adam,

1. This would be a great benefit for me, as I have a deductible.
2. I would renew with or without this benefit.
3. I think this would attract new members.
4. I would pay an extra $5.00 for this benefit.
5.N/A
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New Benefit Idea: Stolen C3 Deductible Coverage

Posted: 12/11/06 9:20pmMessage 10 of 11
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tuxblacray
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Greensburg, IN - USA
Joined: 9/24/2003
Posts: 5388
Vette(s): Previous: 1984 Coupe, 1988 Maroon Coupe, 1989 Coupe, 2001 Roadster Present: 1967 Stingray Roadster, 1976 Stingray Coupe, 1989 Roadster..
1.Do you feel this would be a valuable benefit for you? No
2. Would this increase the likelihood of you renewing your current membership when the time comes (for standard and gold)? No
3. Do you think this would attract new members? Possibly
4. Would you be willing to pay $5 more per year knowing that you'd be getting this benefit? No
5. For current lifetime members: Would you be interested in paying $5/year as an optional add-on to your current benefits? N/A

Provide this service as optional to purchase only if interested.

Tuxblacray: She's Back In Black! Check out my pics @ My Link


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