Six conversion value for insurance? |
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Six conversion value for insurance? |
Mark Henry |
Mar 29 2019, 07:31 PM
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#1
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that's what I do! Group: Members Posts: 20,065 Joined: 27-December 02 From: Port Hope, Ontario Member No.: 26 Region Association: Canada |
Just wondering what value we should be putting on /6 conversions these days? (IMG:style_emoticons/default/unsure.gif)
My teen, if it was still a /4, I wouldn't even consider an offer under $25K Canadian, so about $18-19K USD. Not that I want to sell. /6 core prices are way way up, and so are running engines, What about a fresh performance build?. I used to tell customers a conversion would run $30K (CAD) with engine. but I seriously doubt I could do that now. My teen is a '74 (1.8 base) paint is (guessing) a 30 yr/old respray colour change, a 7/10 from chips and scratches only, but perfect OG body, perfect interior, Evil tranny, 5-bolt, fuchs , bilsteins, front suspension, etc Engine 3.0, 2K miles, twinplug/MSD, webers, custom mahle pistons, web cams, fresh build, alumimum tank, etc No clue what the replacement value for insurance would be..... (IMG:style_emoticons/default/confused24.gif) What do you think your /6 conversion is worth? |
EdwardBlume |
Mar 30 2019, 04:14 PM
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#2
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914 Wizard Group: Members Posts: 12,338 Joined: 2-January 03 From: SLO Member No.: 81 Region Association: Central California |
It’s not how much it’s worth, it’s how much you want back if lost factoring in the odds of loss. The rest is self insured.
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DickSteinkamp |
Mar 31 2019, 10:05 AM
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#3
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Senior Member Group: Members Posts: 500 Joined: 27-February 17 From: Bellingham, WA Member No.: 20,876 Region Association: None |
It’s not how much it’s worth, it’s how much you want back if lost factoring in the odds of loss. The rest is self insured. X2...Most collector car insurers will write "agreed value" insurance for the amount you want to insure the car for (within reason). There is a trade off between potential loss and the premium they will charge depending on the amount of that loss. They know the numbers pretty well (IMG:style_emoticons/default/dry.gif) If you want a higher "agreed value" the premium will go up accordingly. You can generally determine what "agreed value" you want based on what you figure you have into the car and what your budget is for insurance. You may have to self insure a portion if there is a disconnect between the two. |
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