Six conversion value for insurance? Options

[Mark Henry]

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?

[mb911]

So I wonder what I should insure my project for? If complete cars are selling for 50k plus I probably have 25-30k project car? Sum of parts of course.

[mepstein]

So I wonder what I should insure my project for? If complete cars are selling for 50k plus I probably have 25-30k project car? Sum of parts of course.

Don't mix up replacement value with your cost to build. You might have been able to build your engine for $10K but if you try to buy the same from Henry, you pay what, $25K. You would be shooting yourself in the foot if you give the insurance companies the cheapest number possible. If you have a loss, they might come down from retail but it's sure better than coming down from wholesale.

My attorney always says the person with the most documentation wins. If you present documentation for what the car actually cost the average person, not the industry insider, (honestly of course) there is a better chance of actually receiving that money than hoping they find an acceptable value from their resources. Do you think the Early S 911 guys are using what they paid for the car $50K or what it would cost to replace - $200K.

If you suffer a loss and you feel the insurance company is paying you too much, you can always accept less (IMG:style_emoticons/default/laugh.gif)

[Mark Henry]

So I wonder what I should insure my project for? If complete cars are selling for 50k plus I probably have 25-30k project car? Sum of parts of course.

Don't mix up replacement value with your cost to build. You might have been able to build your engine for $10K but if you try to buy the same from Henry, you pay what, $25K. You would be shooting yourself in the foot if you give the insurance companies the cheapest number possible. If you have a loss, they might come down from retail but it's sure better than coming down from wholesale.

(IMG:style_emoticons/default/agree.gif)

My engine did cost me about $10K, but there was a lot of wheeling & dealing over 3-4 years to do it, plus all the labour, plus the Canadian dollar was at par at the time. For a customer who wants a done project in a couple months, same engine, $25K USD easy. And that's just the engine.

I want a replacement value that would get me a comparable 914/6 conversion.

engine $25K
my car $18K
suspension, brakes, bilstein struts, fuchs, etc., new tranny, /6 tank, etc... it's a freaking big list.
$12K?

There's $55k USD or for me it's$72K CAD, and not many nice /6 conversions come up for sale in these parts.

[mepstein]

So I wonder what I should insure my project for? If complete cars are selling for 50k plus I probably have 25-30k project car? Sum of parts of course.

Don't mix up replacement value with your cost to build. You might have been able to build your engine for $10K but if you try to buy the same from Henry, you pay what, $25K. You would be shooting yourself in the foot if you give the insurance companies the cheapest number possible. If you have a loss, they might come down from retail but it's sure better than coming down from wholesale.

(IMG:style_emoticons/default/agree.gif)

My engine did cost me about $10K, but there was a lot of wheeling & dealing over 3-4 years to do it, plus all the labour, plus the Canadian dollar was at par at the time. For a customer who wants a done project in a couple months, same engine, $25K USD easy. And that's just the engine.

I want a replacement value that would get me a comparable 914/6 conversion.

engine $25K
my car $18K
suspension, brakes, bilstein struts, fuchs, etc., new tranny, /6 tank, etc... it's a freaking big list.
$12K?

There's $55k USD or for me it's$72K CAD, and not many nice /6 conversions come up for sale in these parts.

Our shop is building at least a dozen $150-200K + project cars. At least 2 have $90K engines. If we went by book value, they'd be $40K each.

[Mark Henry]

So I wonder what I should insure my project for? If complete cars are selling for 50k plus I probably have 25-30k project car? Sum of parts of course.

Don't mix up replacement value with your cost to build. You might have been able to build your engine for $10K but if you try to buy the same from Henry, you pay what, $25K. You would be shooting yourself in the foot if you give the insurance companies the cheapest number possible. If you have a loss, they might come down from retail but it's sure better than coming down from wholesale.

(IMG:style_emoticons/default/agree.gif)

My engine did cost me about $10K, but there was a lot of wheeling & dealing over 3-4 years to do it, plus all the labour, plus the Canadian dollar was at par at the time. For a customer who wants a done project in a couple months, same engine, $25K USD easy. And that's just the engine.

I want a replacement value that would get me a comparable 914/6 conversion.

engine $25K
my car $18K
suspension, brakes, bilstein struts, fuchs, etc., new tranny, /6 tank, etc... it's a freaking big list.
$12K?

There's $55k USD or for me it's$72K CAD, and not many nice /6 conversions come up for sale in these parts.

Our shop is building at least a dozen $150-200K + project cars. At least 2 have $90K engines. If we went by book value, they'd be $40K each.

So are you saying I'm low?
I think I am but I want a realistic replacement value.