Collectable?... Classic.?.. Toy?.. All 3?
#1
I was recently talking to my Insurance agent. I am currently carrying, full coverage with a vehicle value of $15,000, on my 72 Q-code. I think that's a about right but he didn't have a good valuation tool, one that accounts for the go fast factory goodies on my car. Does anyone know of a good value guide?

As always I look forward to any and all input.
Thanks,
your friend
Keith S.
Reply
#2
Sorry, I do not know of a good valuation tool. My concern would be that the insurance agent have a good valuation tool in the event that something was to happen. How will they evaluate the loss?
Reply
#3
Hey Keith, Hagerty has a good value tool I have used. https://www.hagerty.com/apps/valuationto.../auto/Ford.
With most classic car insurances you can set the agreed value. There are also many options on usage, ie do you use the car for tooling around town ,car shows, cruise nights or will you go around the country to mustang events and ford shows. They also offer the same coverages as your regular insurances but at a lot less.
I use americancollectors.com they are very reasonable and everything can be done on line.
As for the agreed value. If you had a total loss today could you go and buy your car tomorrow for that price ? I think your a little lite. For a little more money you could be in that 20,000. range.
Hope this helps. Good luck J.
Reply
#4
(02-10-2017, 01:18 PM)Steven Harris Wrote: Sorry, I do not know of a good valuation tool. My concern would be that the insurance agent have a good valuation tool in the event that something was to happen. How will they evaluate the loss?

Steven,
Last year after I took an unplanned trip through a ditch. The Ins. adjuster was both professional and knowledgable. His itemized estimate was backed up by real world part prices, mostly from CJ Pony parts. I feel the settlement was fair and reasonable.
Keith
Reply
#5
(02-12-2017, 12:33 AM)j-cobb9 Wrote: Hey Keith, Hagerty has a good value tool I have used. https://www.hagerty.com/apps/valuationto.../auto/Ford.
With most classic car insurances you can set the agreed value. There are also many options on usage, ie do you use the car for tooling around town ,car shows, cruise nights or will you go around the country to mustang events and ford shows. They also offer the same coverages as your regular insurances but at a lot less.
I use americancollectors.com they are very reasonable and everything can be done on line.
As for the agreed value. If you had a total loss today could you go and buy your car tomorrow for that price ? I think your a little lite. For a little more money you could be in that 20,000. range.
Hope this helps. Good luck J.

Thanks J-Cobb, that's good info.
P.S. I ultimately decided to go with $20,000 total value! Just like you suggested!
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)
[-]
Latest Threads
Been Awhile... '71 Rustang
Last Post: Mister 4x4
02-25-2020 07:19 AM
» Replies: 170
» Views: 188423
Floor shifter lever
Last Post: ProblemChild54
02-24-2020 06:24 AM
» Replies: 4
» Views: 87
AC/Heater control panel
Last Post: ProblemChild54
02-18-2020 01:11 PM
» Replies: 3
» Views: 246
Truth be Known
Last Post: JTS71 Mach1
02-17-2020 05:56 AM
» Replies: 4
» Views: 1071
71-73 Factory Green Floormats
Last Post: 72 Mach 1 CJ 4 speed AC PW
02-12-2020 09:48 AM
» Replies: 0
» Views: 125
Britain to ban the sale of new gas, dies...
Last Post: BLACK JADE 69
02-10-2020 11:46 PM
» Replies: 2
» Views: 162
Try This
Last Post: JTS71 Mach1
02-09-2020 01:20 PM
» Replies: 27
» Views: 19206
2021 Ford Mustang Mach 1 spy shots
Last Post: JTS71 Mach1
02-09-2020 01:10 PM
» Replies: 1
» Views: 399
69 s code trying to use hooker 6114 head...
Last Post: 1969_Mach1
02-06-2020 03:25 AM
» Replies: 7
» Views: 418
1972 Mach Original Tires , Wheels , Trim...
Last Post: Qcode
02-05-2020 11:59 AM
» Replies: 2
» Views: 225
Old new member
Last Post: Mach 1 Club
02-04-2020 02:40 PM
» Replies: 2
» Views: 357
73 Steering Wheel/Horn
Last Post: JTS71 Mach1
02-01-2020 12:25 PM
» Replies: 1
» Views: 326
68 Bullitt Mustang
Last Post: 1969_Mach1
01-27-2020 12:35 PM
» Replies: 3
» Views: 954
EFI change over from carb
Last Post: 1969_Mach1
01-27-2020 10:05 AM
» Replies: 2
» Views: 606
Truth be Known
Last Post: Mister 4x4
01-25-2020 06:46 AM
» Replies: 1
» Views: 812
Newbie - Just brought this baby home
Last Post: Mustangmike
01-20-2020 04:08 AM
» Replies: 7
» Views: 4663
Fuel line
Last Post: Mustangmike
01-20-2020 03:42 AM
» Replies: 3
» Views: 912
Newbie
Last Post: Mustangmike
01-20-2020 01:56 AM
» Replies: 6
» Views: 873
ABS Control Module
Last Post: JTS71 Mach1
01-13-2020 01:31 PM
» Replies: 2
» Views: 693
Fresh Motor
Last Post: Mustangmike
01-13-2020 04:57 AM
» Replies: 4
» Views: 1006

>