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The way I look at it is not what I could sell the car for, but what it =
would cost to actually replace it.
=20
In the case of most of my collection=20
=20
1. I would have to find a very, very good car
2. It would more than likely need to be improved
=20
I do all of my work myself, which keeps the investments relatively low, =
but when considering number 2 above, I consider the cost of having =
somebody else do it for me.
=20
Jonas Payne
PBR Consulting Services, LLC
702.882.6711
=20
From: Triumphs [mailto:triumphs-bounces@autox.team.net] On Behalf Of Geo =
Hahn
Sent: Sunday, December 13, 2015 9:08 AM
To: TeriAnn J. Wakeman <tjwakeman@gmail.com>
Cc: Triumph List <triumphs@autox.team.net>
Subject: Re: [TR] value for insurance proposes?
=20
As anyone who watches Antiques Roadshow knows -- there is a difference =
between what an item would sell for in a 'well advertised auction' and =
the value to be used 'for insurance purposes'..
=20
I like to insure for what it would take to replace it and (as Randall =
notes) that would mean both buying a suitable example and then doing all =
the things that still need to be done.
=20
To get to that number I take into consideration the info on the Hagerty =
Valuation Tool:
=20
https://www.hagerty.com/apps/valuationtools/1960-Triumph-TR3A
=20
Their numbers seem to me to be more insurance values than market place =
expectations. It's not an absolute answer but does provide some points =
for interpolation based on condition and other concerns.
=20
Geo
=20
On Sun, Dec 13, 2015 at 9:48 AM, Randall <TR3driver@ca.rr.com =
> If the car was in a fire, flood or whatever what would it
> cost to replace it? What should I insure it for?
Given the way prices have shot up recently, I'd say more like $30k =
minimum and $40k is probably more realistic. You still wouldn't
get an exact replacement, of course, so you're looking for enough money =
to buy something that is close and then modify to your
tastes.
Which reminds me, I should up mine, too. Just a minor "fender bender" =
in 2013 came close to exhausting my stated value. Literally
stopped at a stop light, and the pickup truck in front of me decided he =
had to back up!
-- Randall
Archive: http://www.team.net/archive
http://autox.team.net/mailman/options/triumphs/ahwahneetr@gmail.com
=20
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</o:shapelayout></xml><![endif]--></head><body lang=3DEN-US link=3Dblue =
vlink=3Dpurple><div class=3DWordSection1><p class=3DMsoNormal><a =
name=3D"_MailEndCompose"><span =
style=3D'font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'=
>The way I look at it is not what I could sell the car for, but what it =
would cost to actually replace it.<o:p></o:p></span></a></p><p =
class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'=
><o:p> </o:p></span></p><p class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'=
>In the case of most of my collection <o:p></o:p></span></p><p =
class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'=
><o:p> </o:p></span></p><p class=3DMsoListParagraph =
style=3D'margin-left:.75in;text-indent:-.25in;mso-list:l0 level1 =
lfo1'><![if !supportLists]><span =
style=3D'font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'=
><span style=3D'mso-list:Ignore'>1.<span style=3D'font:7.0pt "Times New =
Roman"'> =
</span></span></span><![endif]><span =
style=3D'font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'=
>=C2=A0I would have to find a very, very good =
car<o:p></o:p></span></p><p class=3DMsoListParagraph =
style=3D'margin-left:.75in;text-indent:-.25in;mso-list:l0 level1 =
lfo1'><![if !supportLists]><span =
style=3D'font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'=
><span style=3D'mso-list:Ignore'>2.<span style=3D'font:7.0pt "Times New =
Roman"'> =
</span></span></span><![endif]><span =
style=3D'font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'=
>It would more than likely need to be improved<o:p></o:p></span></p><p =
class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'=
><o:p> </o:p></span></p><p class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'=
>I do all of my work myself, which keeps the investments relatively low, =
but when considering number 2 above, I consider the cost of having =
somebody else do it for me.<o:p></o:p></span></p><p =
class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'=
><o:p> </o:p></span></p><p class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'=
>Jonas Payne<o:p></o:p></span></p><p class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'=
>PBR Consulting Services, LLC<o:p></o:p></span></p><p =
class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'=
>702.882.6711<o:p></o:p></span></p><p class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D'=
><o:p> </o:p></span></p><p class=3DMsoNormal><b><span =
style=3D'font-size:11.0pt;font-family:"Calibri",sans-serif'>From:</span><=
/b><span style=3D'font-size:11.0pt;font-family:"Calibri",sans-serif'> =
Triumphs [mailto:triumphs-bounces@autox.team.net] <b>On Behalf Of =
</b>Geo Hahn<br><b>Sent:</b> Sunday, December 13, 2015 9:08 =
AM<br><b>To:</b> TeriAnn J. Wakeman =
<tjwakeman@gmail.com><br><b>Cc:</b> Triumph List =
<triumphs@autox.team.net><br><b>Subject:</b> Re: [TR] value for =
insurance proposes?<o:p></o:p></span></p><p =
class=3DMsoNormal><o:p> </o:p></p><div><div><p class=3DMsoNormal>As =
anyone who watches Antiques Roadshow knows -- there is a difference =
between what an item would sell for in a 'well advertised auction' and =
the value to be used 'for insurance =
purposes'..<o:p></o:p></p></div><div><p =
class=3DMsoNormal><o:p> </o:p></p></div><div><p class=3DMsoNormal>I =
like to insure for what it would take to replace it and (as Randall =
notes) that would mean both buying a suitable example and then doing all =
the things that still need to be done.<o:p></o:p></p></div><div><p =
class=3DMsoNormal><o:p> </o:p></p></div><div><p =
class=3DMsoNormal>To get to that number I take into consideration the =
info on the Hagerty Valuation Tool:<o:p></o:p></p></div><div><p =
class=3DMsoNormal><o:p> </o:p></p></div><div><p =
class=3DMsoNormal><a =
href=3D"https://www.hagerty.com/apps/valuationtools/1960-Triumph-TR3A";>ht=
tps://www.hagerty.com/apps/valuationtools/1960-Triumph-TR3A</a><o:p></o:p=
></p></div><div><p class=3DMsoNormal><o:p> </o:p></p></div><div><p =
class=3DMsoNormal>Their numbers seem to me to be more insurance values =
than market place expectations. It's not an absolute answer but =
does provide some points for interpolation based on condition and other =
concerns.<o:p></o:p></p></div><div><p =
class=3DMsoNormal><o:p> </o:p></p></div><div><p =
class=3DMsoNormal>Geo<o:p></o:p></p></div></div><div><p =
class=3DMsoNormal><o:p> </o:p></p><div><p class=3DMsoNormal>On Sun, =
Dec 13, 2015 at 9:48 AM, Randall <<a =
href=3D"mailto:TR3driver@ca.rr.com"; =
target=3D"_blank">TR3driver@ca.rr.com</a>> =
wrote:<o:p></o:p></p><blockquote style=3D'border:none;border-left:solid =
#CCCCCC 1.0pt;padding:0in 0in 0in =
6.0pt;margin-left:4.8pt;margin-right:0in'><p class=3DMsoNormal>> If =
the car was in a fire, flood or whatever what would it<br>> cost to =
replace it? What should I insure it for?<br><br>Given the way prices =
have shot up recently, I'd say more like $30k minimum and $40k is =
probably more realistic. You still wouldn't<br>get an exact =
replacement, of course, so you're looking for enough money to buy =
something that is close and then modify to your<br>tastes.<br><br>Which =
reminds me, I should up mine, too. Just a minor "fender =
bender" in 2013 came close to exhausting my stated value. =
Literally<br>stopped at a stop light, and the pickup truck in front of =
me decided he had to back up!<br><span style=3D'color:#888888'><br><span =
class=3Dhoenzb>-- Randall</span></span><o:p></o:p></p><div><div><p =
class=3DMsoNormal><br><br>** <a =
href=3D"mailto:triumphs@autox.team.net";>triumphs@autox.team.net</a> =
**<br><br>Donate: <a href=3D"http://www.team.net/donate.html"; =
target=3D"_blank">http://www.team.net/donate.html</a><br>Archive: <a =
href=3D"http://www.team.net/archive"; =
target=3D"_blank">http://www.team.net/archive</a><br>Forums: <a =
href=3D"http://www.team.net/forums"; =
target=3D"_blank">http://www.team.net/forums</a><br>Unsubscribe/Manage: =
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href=3D"http://autox.team.net/mailman/options/triumphs/ahwahneetr@gmail.c=
om" =
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tr@gmail.com</a><o:p></o:p></p></div></div></blockquote></div><p =
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