Re: Our Classic Car Insured Values

["'patrick miller' via The 1962 to 1965 Mopar Mail List Clubhouse" <1962to1965mopars@xxxxxxxxxxxxxxxx>]

I just finshed my 71 Challenger conv. I,m going to increase it to 100,000. I,m not sure how much more it will cost or what they may ask for.  My 62 polara right now is insured for 15,000 but I only just start to build it. When done I,m sure I,ll be up more around 50,000 on it.

On Monday, June 20, 2016 10:19 AM, Bill M <y1topbanana73@xxxxxxxxx> wrote:

So I was watching the show Fantomworks this last weekend and something made me wonder. They has a 64 GTO that was hit in the LF fender, and the right side door & quarter with damage to the A & B pillars. The insurance company totaled out the car "sight unseen" and it was insured for $65K. The shop spent ~$62K to fix it.

So my question is...are we placing too low a value on our cars especially in the event of an accident? Hell...I just went to a local reputable shop that does restorations and just to paint my 65 Coronet 'vert and do any minor body work necessary was going to be $12K-$14K! If I were to wreck it, I'm sure it would be close to if not totaled, and I have it insured for ~$32K.

Should we all call our insurance companies and bump up our agreed values? Thoughts?

Bill M
65 Coronet 500 'vert http://goo.gl/6xUS1
73 Dart Sport, 05 Ram 2500 CTD, 4WD, QC, LB, Laramie
12 Journey R/T, 14 Avenger R/T, 21 Model T Depot Hack

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Please address private email -- email of interest to only one person -- directly to that person. That is, email your parts/car transactions and negotiations, as well as other personal messages, only to the intended recipient. Do not just press "reply" and send your email to everyone using the general '62-'65 Clubhouse public email address. This practice will protect your privacy, reduce the total volume of mail and fine-tune the content signal to Mopar topic. Thanks!
 
1962 to 1965 Mopar Clubhouse Discussion Guidelines:
http://www.1962to1965mopar.ornocar.org/mletiq.html and http://www.1962to1965mopar.ornocar.com/general_disclaimer.html.
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