insurance appraisal.

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badazz68stang

New Member

Mar 28, 2006

37

0

0

Mar 21, 2007

#1

• Mar 21, 2007

• #1

im tryin to figure out how much to insure my stang at for my insurance. We plugged in 8 grand today jus to see how much it would run, and it was like 75 bucks for 6 months. But anyways, its a 1968 C code coupe, 37k orig. miles. I bought the car for 3 grand, and prolly have another 4 in completing restoration. And eventually another grand in wheels n tires. Somebody give me an idea of what i should say its worth.

 

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ARTTII

New Member

Jan 13, 2004

272

2

0

Detroit, MI

Mar 21, 2007

#2

• Mar 21, 2007

• #2

I would insure it for what you have in it, definitly not less, and I see no reason to do more (unless the market value goes through the roof!)

 

coolblue65

Founding Member

Jul 26, 1999

1,224

2

39

Algonquin, IL

Mar 21, 2007

#3

• Mar 21, 2007

• #3

I have mine insured for $17k through Hagerty, I pay $275 for the whole year.

I am not sure really what your car is like, as your description is fairly vague, but I would probably insure it for a minimum of 12k.

 

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66forfun

Member

Feb 25, 2006

260

0

16

Pittsburgh

Mar 22, 2007

#4

• Mar 22, 2007

• #4

my agreed value plan wanted pics of the 4 sides, engine & int and a proffesional appraisal. better to go a bit higher than what you think its worth, its only a few bucks/yr more. be careful to read the restrictions on your policy and state registration, i run regular plates so there are no complications if a fender bender happens while going to work in it.

 

rbohm

Founding Member

Apr 12, 2002

6,698

550

204

tucson,az

Mar 22, 2007

#5

• Mar 22, 2007

• #5

best to get an appraisal done, and go by that. remember to update the appraisal at least every other year and update the insurance at the same time.

 

mikec35

Member

Jul 6, 2004

233

2

19

NC

Mar 27, 2007

#6

• Mar 27, 2007

• #6

I think that you should insure for a little more than you have in it.. I would also speak an agent and see what other documents you need to provide in the event of a total loss to realize your full agreed value. They may have a condition that the appraisal meets the agreed value, along with other stipulations like the car is stored in a garage.....you never know what another one will cost you.

 

spirockp

5 Year Member

Mar 26, 2004

465

12

39

NJ

May 16, 2007

#7

• May 16, 2007

• #7

66forfun said:

my agreed value plan wanted pics of the 4 sides, engine & int and a proffesional appraisal. better to go a bit higher than what you think its worth, its only a few bucks/yr more. be careful to read the restrictions on your policy and state registration, i run regular plates so there are no complications if a fender bender happens while going to work in it.

Click to expand...

66forfun, who is your insurance carrier? Is it for classic cars. I use Hagerty and their site states "Our policy allows for an occasional leisure drive, not just to parades or car events." but I want to drive it more.

Anybody else?