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? |
Mark Henry |
Mar 31 2019, 11:28 AM
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#2
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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 |
I believe a 917 was $35k from the factory in ‘69. Are you going to insure it for 35k or 4 mill. Reasonable and realistic, the price I'd need to buy a similar replacement. I don't want it over or under insured. I think $50K is the floor. The ceiling is where the discussion will vary as to which 6 conversion... With Canadian funny money that would be add 30%, so $65K CAD. wobbletop's 914 conversion is a stock 3.0 engine, I think webers is the only mod and my car is in better overall shape than his. I put mine at $65K canadian. Better safe than sorry. Who with? Hagerty? Cripes by that metric I'm way under insured. (IMG:style_emoticons/default/blink.gif) |
mepstein |
Mar 31 2019, 11:40 AM
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#3
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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 |
I believe a 917 was $35k from the factory in ‘69. Are you going to insure it for 35k or 4 mill. Reasonable and realistic, the price I'd need to buy a similar replacement. I don't want it over or under insured. I think $50K is the floor. The ceiling is where the discussion will vary as to which 6 conversion... With Canadian funny money that would be add 30% I put mine at $65K canadian. Better safe than sorry. Who with? Hagerty? Cripes by that metric I'm way under insured. (IMG:style_emoticons/default/blink.gif) Yes, it sounds like you have a $30k engine +\-, let alone all the rest of the parts. A big brake 5 lug conversion can be $5-10k. It adds up fast and theft, collision or natural disaster can total it in a flash. I saw a trash truck back into the side of a a Prius at 10mph. The car was demolished. The truck driver just never saw the car. He was ready to drive away until someone stopped him. Best thing you can do is have a talk with your insurance person and work out the details. |
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