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"
QUOTE(Chris914n6 @ Jun 24 2016, 05:28 PM)
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.