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? |
mepstein |
Mar 29 2019, 08:30 PM
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#2
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914-6 GT in waiting Group: Members Posts: 19,284 Joined: 19-September 09 From: Landenberg, PA/Wilmington, DE Member No.: 10,825 Region Association: MidAtlantic Region |
When I built custom bikes at the bike shop, I would fill out a build sheet with every single part for the build. I would do the same if the customer's expensive bike was stolen and did one for myself when two of my bikes were taken. Unless you write it down, you will forget half the parts. First write down systems: Engine, trans, brakes, body, etc and then break down each system into smaller parts. You need a replacement value, not how much you paid after deals, swaps and stuff you already had. What will it cost to buy it all at retail or at least market rate. It will be shocking but without the build sheet, the insurance company will just rely on comps and that's hard to do accurately with a custom conversion. If you ever have to go the insurance route, your adjuster will have no clue about a six conversion so a build sheet with pics will help you get what you deserve. It helps if you can get an automotive shop to list all the parts and costs on their letterhead. Receipts are great as well but I don't keep them or have them to begin with.
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