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bodyman |
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Michael Beall ![]() ![]() Group: Members Posts: 63 Joined: 25-April 06 From: Sand Springs, Oklahoma Member No.: 5,926 ![]() |
hey guys I finally got my car on the road, I insured it, and I insured it with just liability for now, But the insurance needs a stated replacement value so I can put full coverage on it. I guess stated value would be what it would cost me to replace it in the event of a accident. the car has the 2.0 motor with a carb, Phoenix Red, it has 64500 original miles, original fusch wheels new tires, new brakes, great interior new front and rear suspension. here are a couple pics Tell me what you guys think on this. thanks
(IMG:http://i6.tinypic.com/16lz8lf.jpg) (IMG:http://i6.tinypic.com/16lz8zd.jpg) |
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BMartin914 |
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||| ![]() ![]() ![]() Group: Members Posts: 1,408 Joined: 30-May 04 From: Oregon Member No.: 2,128 Region Association: Pacific Northwest ![]() |
The stated value of the vehicle will differ depending upon who your coverage is with. A State Farm or a Farmers is going to look at Blue Book Value for replacement. A collector car insurance company will request an "agreed value" (replacement value) for the vehicle.
I bought my car for $6K 2 years ago and I have an agreed value of $10K through my insurer. My car is far from original, but is a very nice example. Your car is quite original, so your agreed value with the insurer would probably be higher than mine - judging from the pics alone of course. |
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