I have a ZA and an MGA. I wonder how many people have a Magnette and
an MGA. I've definitely heard of others. As for insurance, have you
had a classic car insurance company refuse to insure for your stated
value? I have found them to be pretty flexible, but I haven't tried
to request anything too crazy. I think the only reason for them to
hesitate is that they don't want you to be able to put a match to it
to make a profit. I bet there are people on this list who have their
Magnettes insured for 25K. I am just guessing, though. I suppose we
will get some data points shortly. Has anyone had an insurance
company refuse to give you as high a stated value as you wanted?
-Steve T.
At 07:20 PM 10/25/2013, Mike wrote:
>SteveT, I'm with you except for one thing - value for repair or
>replacement after an accident or other incident.
>
>If nice Magnettes were trading at around $10K, while they cost
>upwards of $20K to get to that condition, you can be in a bind even
>with a stated value policy. Is your underwriter going to go for you
>asking for $25K of coverage for a car that trades for $10K? Perhaps not.
>
>But if the cars are trading in the $20K range, or to put it another
>way, trading at a price that approximates what it would cost to
>duplicate the car, getting them properly insured becomes easier.
>
>I'm not even going to consider the super-deluxe cars out there, the
>ones with A/C, breathed-upon motors, and so on.
>
>I don't think the sedans will ever be as popular or pricey as the
>sports cars, for all the same reasons that the sedans were widely
>outsold by the sports cars when they were new. I've never really
>understood that, but that's how it is. I have both a ZB and an MGA,
>and the ZB is the much nicer (& rarer!) car. Go figure.
>
>Mike
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