- Jul 18, 2015
- 25
- 0
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Hello! I recently purchased a 1992 5.0 notchback with a Vortech V3 supercharger and tremec 3550 trans. The car is modified and I have a build sheet totaling over 9000 dollars. Making about 350-400 rwhp and 8 psi of boost.
I paid 8900 dollars for the car.
I live in the northwest where a clean stock notchback 5.0 goes for around 5000-7000 dollars right now on craigslist anyway.
My problem is that on KBB fox bodies are listed as being worth 2400 dollars. And NADA says around 5000 dollars.
Im afraid if I get into an accident where my car is totaled I will not get paid out anywhere near 8900 dollars.
I'm living at home and under my parents car insurance. I asked my dad to talk to our insurance agent and see if I am able to pay a higher rate per month to cover the cost of a 9000 dollar car. The agent said you can't do anything like that.
What can I do to protect myself and insure my car for the full value I paid for it?
I paid 8900 dollars for the car.
I live in the northwest where a clean stock notchback 5.0 goes for around 5000-7000 dollars right now on craigslist anyway.
My problem is that on KBB fox bodies are listed as being worth 2400 dollars. And NADA says around 5000 dollars.
Im afraid if I get into an accident where my car is totaled I will not get paid out anywhere near 8900 dollars.
I'm living at home and under my parents car insurance. I asked my dad to talk to our insurance agent and see if I am able to pay a higher rate per month to cover the cost of a 9000 dollar car. The agent said you can't do anything like that.
What can I do to protect myself and insure my car for the full value I paid for it?