Six conversion value for insurance? Options

[thelogo]

Conversion 50 k
As those can be replaced
You could build it for 50 right mark ?

Original and lets be honest
99k is a extremely reasonable number
Right ?

The guy who posted above you is laughing at $50K.

You can call me crazy and those of you who know me
Know im fit for a straight jacket
But id drive my car with no insurance if i could .

The whole what if something happened is a ridiculous notion imho

Thats like someone saying boxing is dangerous.


When ever you climb in a ring, a old car , a ww1 fighter plane .

You acknowledge the risk , that is the thrill for some of us .
When i wash, walk ,train and socialize aggressive dogs.
I acknowledged that if i make a mistake that i could be bitten.

As moe green would say
" this is the business we've chosen"

Same as basketball. When i play hoops for 20 years
Im gonna expect some broken fingers, nose and sprained ankles.but the enjoyment i get is always more then the pain




When my old boss used to hire unqualified employees and something would happen .he would say o well thats what insurance is for . ( i was not a fan ) needless to say
That insurance was there to cover for people that cut corners .

Drive and enjoy your cars guys .

Something is not bueatiful because it lasts

[Mark Henry]

Like I said, the only way to get a true replacement cost is to write up every part and put a retail price next to it. Eye watering for sure.

That's another issue, what it cost me several years ago (2012-ish) or today?
Also when I bought everything the CAD and USD dollar was at par, today it's only .70 to the USD. And almost everything on my list has gone way up in price.

Core 3.0 $2K
Mahle 3.0 piston's were $1200 NIB and so was the plating, so $2400. Pistons believed to be from a race team for a backup engine and never used, took a chance and won. They look like RSR but are made for a stock head chamber, real RSR heads had smaller CC chambers, thus different CR pistons, logic on the guess being they were made for a RSR backup with stock heads.
I was offered $5K for the P&C kit on the bird when I showed off my goodies 5-6 years ago.

(IMG:http://www.914world.com/bbs2/uploads/post-26-1404912011.jpg)

[mepstein]

Like I said, the only way to get a true replacement cost is to write up every part and put a retail price next to it. Eye watering for sure.

That's another issue, what it cost me several years ago (2012-ish) or today?
Also when I bought everything the CAD and USD dollar was at par, today it's only .70 to the USD. And almost everything on my list has gone way up in price.

Core 3.0 $2K
Mahle 3.0 piston's were $1200 NIB and so was the plating, so $2400. Pistons believed to be from a race team for a backup engine and never used, took a chance and won. They look like RSR but are made for a stock head chamber, real RSR heads had smaller CC chambers, thus different CR pistons, logic on the guess being they were made for a RSR backup with stock heads.
I was offered $5K for the P&C kit on the bird when I showed off my goodies 5-6 years ago.

(IMG:http://www.914world.com/bbs2/uploads/post-26-1404912011.jpg)

Today.
I believe a 917 was $35k from the factory in ‘69. Are you going to insure it for 35k or 4 mill.

[ConeDodger]

I think $50K is the floor. The ceiling is where the discussion will vary as to which 6 conversion...

[DickSteinkamp]

It’s not how much it’s worth, it’s how much you want back if lost factoring in the odds of loss. The rest is self insured.

X2...Most collector car insurers will write "agreed value" insurance for the amount you want to insure the car for (within reason). There is a trade off between potential loss and the premium they will charge depending on the amount of that loss. They know the numbers pretty well (IMG:style_emoticons/default/dry.gif)

If you want a higher "agreed value" the premium will go up accordingly. You can generally determine what "agreed value" you want based on what you figure you have into the car and what your budget is for insurance. You may have to self insure a portion if there is a disconnect between the two.

[wobbletop]

I put mine at $65K canadian. Better safe than sorry.

[Mark Henry]

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]

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.

[Mark Henry]

The other issue if the wife finds out what it's worth.... (IMG:style_emoticons/default/unsure.gif)

[Coondog]

Currently have mine at 50k, and will be raising it to 75k when I get it back from PMS.

[wobbletop]

Who with? Hagerty?
Cripes by that metric I'm way under insured. (IMG:style_emoticons/default/blink.gif)

Correct. The last time I asked here, the consensus was around $50K US.

[horizontally-opposed]

The other issue if the wife finds out what it's worth.... (IMG:style_emoticons/default/unsure.gif)

Lol.

Yep... (IMG:style_emoticons/default/agree.gif)

[horizontally-opposed]

Correct. The last time I asked here, the consensus was around $50K US.

The six conversion that opened my eyes to potential values was the flared white car that sold on BaT for $57k~. Yes, it was presented well and built out to broad tastes (well, as broad as it gets with 914s), but the engine pretty mild iirc.

Currently have mine at 50k, and will be raising it to 75k when I get it back from PMS.

Hmm. Was thinking $35-50k is sort of the catchall for a nice six conversion, but what is the right number? What would it cost to replace? is probably the right question—and not would it cost to replace if you want to spend years and years on a project again.

[jagalyn]

The other issue if the wife finds out what it's worth.... (IMG:style_emoticons/default/unsure.gif)

That's funny... so true.

[jagalyn]

They say 'buy the best one you can afford'. The reason is because it cost less than buying a base car and restoring or converting it. A completed car is seldom worth the cost of it's parts once labor is factored in... especially if it's highly modified as it narrows the potential buyer pool.

I remember saying 'I wouldn't sell a car for less than $25,000' when I had no intention of selling it, but later when I decided to sell it, I had to accept what the 'market' would bear.

Converted sixes on Bat have been going for the low 20's without steel flares and as high as $67,500... but that is really the exception.

The market will determine what a car is worth when it is sold, but we all get to determine what it is worth while we own it and those two things can be quite different.

How do you place a value on blood, sweat and tears... especially when it's your own.

[mepstein]

Never sell.

[jagalyn]

Never sell.

Yep... should have told me that 25 years and ten 914's ago.

[MoveQik]

I have an agreed upon value with Hagerty of $55k. I made a full list of parts required specifically to rebuild my car as it sits...everything from oil tank, suspension, motor, body work, Fuchs etc....if you use retail prices for everything(I sent them links for the big ticket items), you get a big number quickly. Add in a reasonable amount of labor at a reputable shop and well....after awhile its gets depressing, LOL! Any who, Hagerty didn't argue at all. In the end, $55k still wouldn't be enough to build my car with today's prices on everything...

[horizontally-opposed]

They say 'buy the best one you can afford'. The reason is because it cost less than buying a base car and restoring or converting it. A completed car is seldom worth the cost of it's parts once labor is factored in... especially if it's highly modified as it narrows the potential buyer pool.

I remember saying 'I wouldn't sell a car for less than $25,000' when I had no intention of selling it, but later when I decided to sell it, I had to accept what the 'market' would bear.

Converted sixes on Bat have been going for the low 20's without steel flares and as high as $67,500... but that is really the exception.

The market will determine what a car is worth when it is sold, but we all get to determine what it is worth while we own it and those two things can be quite different.

How do you place a value on blood, sweat and tears... especially when it's your own.

^ Good points.

Silver car @ $67k was a real six, iirc? I remember thinking it took a hit for being a 914-6 with bodywork that won't appeal to everyone, particularly as a rare 1972 car, rather than getting a premium as a four converted to a six?

If so, the outlier was the $52k car, which ended up higher with the fees included. Flares do seem to add value in the BaT arena. Wonder if we'll see that trend continue, increase, or decrease as the 914 continues to grow in popularity and recognition. Hard to argue with the looks of the GT flares, but I do like the tidy original fenders, too.

[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.