Tom,
I have found that using an appraiser to work very well when insuring with a
classic car insurer such as Haggerty or one of the others. If you have
damage the classic insurer will take care of it without a deductible in most
cases. On total loss they will pay the appraised insured value.
A regular insurer such as what I use for my Magnette is a bit more expensive
per year about $400 vs $110, but there are no restrictions of course. I did
get an appraisal for them as well otherwise they would only insure the car
for bluebook which was a couple thou. With the appraisal they will be that
value (though I pay for the appraised value each year).
Best regards,
Jeff Zorn
Little British Car Co., Ltd.
Visit us on the web
www.LBCarCo.com
In a message dated 11/29/00 10:07:39 AM Eastern Standard Time,
tcbump@leading.net writes:
<< Subj: Insurance?
Date: 11/29/00 10:07:39 AM Eastern Standard Time
From: tcbump@leading.net (Tom Bott)
Sender: owner-mgs@autox.team.net
Reply-to: tcbump@leading.net (Tom Bott)
To: mgs@autox.team.net (MG NET)
Good Day List, I have a question concerning insurance. The recent
postings asking for opinions on what is a good price got me thinking. Has
anyone had experience with how to verify value of vehicle for insurance
purposes. My agent tells me, that if my car (79 MGB LE) should be severely
damaged that I would need "expert" professional appriasers to verify value,
otherwise NADA values would be used. What resources for establishing values
are out there?
Safety Fast,
Tom
79B LE
80B
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