valuation for insurance, 3.2 in a 1972 Options

[worn]

I think I asked it before but now it is time to pull the trigger cause the car is coming off jack stands. 3.2 conversion with new floor and firewall panels, no rust for real and down to bare metal. Alu 911S brakes up front, full 911 suspension with 5 lugs. Added the wiper mod for intermittent and electric pump. New paint and glass. rebuilt 901 gearbox with tall 4th and 5th. Steel fuel lines, new brake lines and 19 mm master. Etcetera....

What would it cost me to find another like it? Well, I have my own personal tweaks, but I would accept similar in nice condition. Ball park? Cause that is the goal of the insurance - replacement with something similar.
Thanks and please chime in for me.

[Chris914n6]

I've been working on my own valuation. Due to all the non stock stuff, I've been pricing it line item. Current replacement cost of parts (911 susp, engine swap, rebuilt tall trans, etc) plus value of an equally good chassis (bought or built), plus labor (mostly mine) to make the replacement car the same as the current car.
It's kinda tough as I've done everything, so I've been getting shop estimates on what a redone interior would cost, painting, rust repair etc.
I'm up to $20k as of today, but I wouldn't sell it for double that, just too much of my time into it.

[larryM]

parts plus labor is almost always more than cash market value on our cars

my rule of thumb is that any conversion is only worth the sum of the value of the separate parts on the classified markets - our labor is free cuz it is a hobby

that's the recurring problem with conversions, and many resto's for that matter

if you can show a list of similar cars that actually sold at cash auctions - you may be able to use the average as your claimed value

many states and other valuation agencies actually do look at the auction sales for establishing value for registration - Nevada, for one example

your insurer will for-sure use that public cash-sale-value yardstick no matter what you spent building it

that's a tough pill, i know

as the lady of the house always says "it's just an e-ticket at disneyland - fun while it lasted"

I've been working on my own valuation. Due to all the non stock stuff, I've been pricing it line item. Current replacement cost of parts (911 susp, engine swap, rebuilt tall trans, etc) plus value of an equally good chassis (bought or built), plus labor (mostly mine) to make the replacement car the same as the current car.
It's kinda tough as I've done everything, so I've been getting shop estimates on what a redone interior would cost, painting, rust repair etc.
I'm up to $20k as of today, but I wouldn't sell it for double that, just too much of my time into it.