Getting close, Thinking about insuring my six conversion |
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Getting close, Thinking about insuring my six conversion |
worn |
Mar 18 2016, 05:38 PM
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#1
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can't remember Group: Members Posts: 3,163 Joined: 3-June 11 From: Madison, WI Member No.: 13,152 Region Association: Upper MidWest |
I am getting closer and closer to the day my car rolls away from its mother jack stands. I have the license and title. I figure without labor I have about $15k into this including roller, six cylinder 3.2 motor etc. the car was stripped to bare metal and a 3.2 added. It has 911 5 lug at all corners, 911s aluminum front brakes, a lot of custom stuf with bllstein shocks and a triple gauge, mono ball shifter bushing thru the firewall, and oil cooler with fan. Space saver spare and stainless fuel lines. New paint and chrome bumpers with nice rubber. Lots of painstaking all over.
On jack stands still though, but really close. What would you suggest for now and when it is done? It is a '72, but not a real six. To be perfectly clear it isn't for sale. Period. Thanks for your wisdom as always, Warren |
siverson |
Mar 18 2016, 06:37 PM
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#2
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Advanced Member Group: Benefactors Posts: 2,448 Joined: 5-May 03 From: San Diego, CA Member No.: 654 Region Association: Southern California |
You probably don't want to over insure it, and if it is a stated value policy, provided it is reasonable and approved by the company, the amount stated is really a personal preference.
So if, for example, it was stolen and gone forever how big of check would you want to get to make you feel "ok" about things? Not "great" (over-insured) and not "totally pissed off" (under-insured) either. Would you feel ok about things if you got $35k for it? I probably have my orange car insured way above market value because (a) it was my first car ever and I have no plans to sell it and (b) I have a huge number of labor hours and memories in it. I would need a big check to make me feel ok about losing that car. But my green car is neat, but have only had it for a couple years and have it insured for probably what I could sell it for. -Steve |
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