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Studebaker Accident Insurance Policy
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Should read Studebaker 'paid for' accident insurance policy, shouldn't it?
Good find!
Originally posted by ST2DE5 View PostHTIH (Hope The Info Helps)
Jeff
Get your facts first, and then you can distort them as much as you please. Mark Twain
Note: SDC# 070190 (and earlier...)
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Yep.
From the March 12, 1956 Paris [IL] Beacon-News.
I've had this ad in Dad's dealer scrapbook ever since it was published, but 'always wondered why it didn't have the locally-added dealer tag line: Palma-Rhoads Motors: Packard-Nash-Studebaker. But it didn't. It was published in their local paper just as you see it:
We've got to quit saying, "How stupid can you be?" Too many people are taking it as a challenge.
G. K. Chesterton: This triangle of truisms, of father, mother, and child, cannot be destroyed; it can only destroy those civilizations which disregard it.
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What an interesting angle. Henry Kaiser started a health care company to provide an employee benefit when wages were frozen. That established the custom of getting hospitalization and health insurance through the employer. The rest of his empire is sold off, merged, traded away or shut down, but Kaiser Healthcare is Permanente.
GE couldn't wait to get out of "consumer goods" and into insurance -- then couldn't wait to get out of that, too. You have to wonder what the insurance/investment landscape would look like now if the custom had arisen of buying accident insurance through your car maker. It would have made for some darned exciting dealer meetings, that's for sure. And they'd have never crashed that '59 BelAir.
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Originally posted by comatus View PostWhat an interesting angle. Henry Kaiser started a health care company to provide an employee benefit when wages were frozen. That established the custom of getting hospitalization and health insurance through the employer. The rest of his empire is sold off, merged, traded away or shut down, but Kaiser Healthcare is Permanente.
GE couldn't wait to get out of "consumer goods" and into insurance -- then couldn't wait to get out of that, too. You have to wonder what the insurance/investment landscape would look like now if the custom had arisen of buying accident insurance through your car maker. It would have made for some darned exciting dealer meetings, that's for sure. And they'd have never crashed that '59 BelAir.
We've got to quit saying, "How stupid can you be?" Too many people are taking it as a challenge.
G. K. Chesterton: This triangle of truisms, of father, mother, and child, cannot be destroyed; it can only destroy those civilizations which disregard it.
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'Looks like the 1956 Studebaker Life Insurance Policy idea is in deep do-do, per this Rumor Mill item from the July 1956 Motor Trend.
'Better cash 'em out while you can: Hell hath no fury (Golden Commando engine notwithstanding) like an insurance broker's lobby scorned:
<GGG> BPWe've got to quit saying, "How stupid can you be?" Too many people are taking it as a challenge.
G. K. Chesterton: This triangle of truisms, of father, mother, and child, cannot be destroyed; it can only destroy those civilizations which disregard it.
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this may be a little OT, but another brain synapse fired...
the first time i bought a car from a dealer (gm), was in 1974 (i was 19). a '73 Opel GT... loved that car...
anyway, i recall the dealer placed in the sales contract "auto insurance" - not disability or life ins. - at a rate about 4 to 5 times my agent had quoted me before i went back in to close the deal.
of course, i said "heck, no!" or words to that meant the same, and gave them my agent's card.
was that "standard practice" back then? just curious...Kerry. SDC Member #A012596W. ENCSDC member.
'51 Champion Business Coupe - (Tom's Car). Purchased 11/2012.
'40 Champion. sold 10/11.'63 Avanti R-1384. sold 12/10.
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Originally posted by Corvanti View Postthis may be a little OT, but another brain synapse fired...
the first time i bought a car from a dealer (gm), was in 1974 (i was 19). a '73 Opel GT... loved that car...
anyway, i recall the dealer placed in the sales contract "auto insurance" - not disability or life ins. - at a rate about 4 to 5 times my agent had quoted me before i went back in to close the deal.
of course, i said "heck, no!" or words to that meant the same, and gave them my agent's card.
was that "standard practice" back then? just curious...
Especially if you (or the customer) appears young and innocent. <GGG> BP
We've got to quit saying, "How stupid can you be?" Too many people are taking it as a challenge.
G. K. Chesterton: This triangle of truisms, of father, mother, and child, cannot be destroyed; it can only destroy those civilizations which disregard it.
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The money making gimmick that MOST if not all Car Dealers used was to "help you out" by FINANCING the Car for you.
The Dealer my Dad worked for used Bank of America, and I am sure they got their cut of that.StudeRich
Second Generation Stude Driver,
Proud '54 Starliner Owner
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Originally posted by StudeRich View PostThe money making gimmick that MOST if not all Car Dealers used was to "help you out" by FINANCING the Car for you.
The Dealer my Dad worked for used Bank of America, and I am sure they got their cut of that.Gary L.
Wappinger, NY
SDC member since 1968
Studebaker enthusiast much longer
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