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I don't have a problem with a stated value. Just come to terms about the
value and pay the premiums. I've insured several cars with a stated value
and we have always come to a figure with which I have been happy. I have
my Chick Magnette insured with Hagerty. We discussed the condition of the
car as a barn find that still has a barn find patina. After sending
several pics of the car and the garage we agreed on a stated value and
coverage for $110 per year. I would gladly sell my car for the stated
value. Though I would be disappointed if the car were to be totaled I
would be happy with the settlement.
Charlie Durning
If you are using Google or Gmail, Big Brother is watching.
On Fri, Oct 25, 2013 at 6:20 PM, Mike <mikesmuseum@yahoo.com> 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
>
> --------------------------------------------
> On Fri, 10/25/13, Steven Trovato <strovato@optonline.net> wrote:
>
> Subject: Re: [Zmagnette] CL Magnette
> To: "List for the Z Magnette Group - North America" <
> zmagnette@autox.team.net>, "List for the Z Magnette Group - North
> America" <zmagnette@autox.team.net>
> Date: Friday, October 25, 2013, 3:44 PM
>
> I think I'm in the minority on
> this. I do not sit around hoping values go up. I
> would be very happy if all kinds of exotic cars were selling
> for peanuts. I would have one of each. When
> values really soar, the cars become harder to keep.
> Parts prices get crazy. Insurance becomes more of an
> issue. And the temptation to make money pushes you to
> sell. Now you've made a great investment, you have
> taken a tidy profit, but you don't get to enjoy your car
> anymore. Sure, I understand that if you are planning
> on selling, higher market prices mean you'll do
> better. I get that. I plan on keeping my car
> forever. I know it may not work out that way.
> There are a thousand unforeseen circumstances that can
> change that tomorrow. But with a "keep it forever"
> mentality, I don't care that much about its worth.
>
> -Steve T.
>
>
> At 09:32 AM 10/25/2013, charles durning wrote:
> > I hope he gets it also. We need to keep the value
> of our cars on the rise.
> >
> > Charlie Durning
> >
>
> _______________________________________________
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>
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> _______________________________________________
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>
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Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr">I don't have a problem with a stated value.=A0 Just co=
me to terms about the value and pay the premiums.=A0 I've insured sever=
al cars with a stated value and we have always come to a figure=A0with whic=
h I have been happy. =A0 I have my Chick Magnette insured with Hagerty.=A0 =
We discussed the condition of the car as a barn find that still has a barn =
find patina.=A0 After sending several=A0pics of the car and the garage we a=
greed on a stated value and coverage for $110 per year.=A0 I would gladly s=
ell my car for the stated value.=A0 Though I would be disappointed if the c=
ar were to be totaled I would be happy with the settlement.=A0 </div>
<div class=3D"gmail_extra"><br clear=3D"all"><div><div dir=3D"ltr"><div>=A0=
</div>
<div>Charlie Durning</div>
<div>=A0</div>
<div><font size=3D"4">If you are using Google or Gmail, Big Brother is watc=
hing.</font></div>
<div>=A0</div></div></div>
<br><br><div class=3D"gmail_quote">On Fri, Oct 25, 2013 at 6:20 PM, Mike <s=
pan dir=3D"ltr"><<a href=3D"mailto:mikesmuseum@yahoo.com"; target=3D"_bla=
nk">mikesmuseum@yahoo.com</a>></span> wrote:<br><blockquote class=3D"gma=
il_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-lef=
t:1ex">
SteveT, I'm with you except for one thing - value for repair or replace=
ment after an accident or other incident.<br>
<br>
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 coverag=
e for a car that trades for $10K? Perhaps not.<br>
<br>
But if the cars are trading in the $20K range, or to put it another way, tr=
ading at a price that approximates what it would cost to duplicate the car,=
getting them properly insured becomes easier.<br>
<br>
I'm not even going to consider the super-deluxe cars out there, the one=
s with A/C, breathed-upon motors, and so on.<br>
<br>
I don't think the sedans will ever be as popular or pricey as the sport=
s 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.<br>
<br>
Mike<br>
<br>
--------------------------------------------<br>
On Fri, 10/25/13, Steven Trovato <<a href=3D"mailto:strovato@optonline.n=
et">strovato@optonline.net</a>> wrote:<br>
<br>
=A0Subject: Re: [Zmagnette] CL Magnette<br>
=A0To: "List for the Z Magnette Group - North America" <<a hre=
f=3D"mailto:zmagnette@autox.team.net";>zmagnette@autox.team.net</a>>, &qu=
ot;List for the Z Magnette Group - North America" <<a href=3D"mailt=
o:zmagnette@autox.team.net">zmagnette@autox.team.net</a>><br>
=A0Date: Friday, October 25, 2013, 3:44 PM<br>
<div><div class=3D"h5"><br>
=A0I think I'm in the minority on<br>
=A0this.=A0 I do not sit around hoping values go up.=A0 I<br>
=A0would be very happy if all kinds of exotic cars were selling<br>
=A0for peanuts.=A0 I would have one of each.=A0 When<br>
=A0values really soar, the cars become harder to keep.=A0<br>
=A0Parts prices get crazy.=A0 Insurance becomes more of an<br>
=A0issue.=A0 And the temptation to make money pushes you to<br>
=A0sell.=A0 Now you've made a great investment, you have<br>
=A0taken a tidy profit, but you don't get to enjoy your car<br>
=A0anymore.=A0 Sure, I understand that if you are planning<br>
=A0on selling, higher market prices mean you'll do<br>
=A0better.=A0 I get that.=A0 I plan on keeping my car<br>
=A0forever.=A0 I know it may not work out that way.=A0<br>
=A0There are a thousand unforeseen circumstances that can<br>
=A0change that tomorrow.=A0 But with a "keep it forever"<br>
=A0mentality, I don't care that much about its worth.<br>
<br>
=A0-Steve T.<br>
<br>
<br>
=A0At 09:32 AM 10/25/2013, charles durning wrote:<br>
=A0> I hope he gets it also.=A0 We need to keep the value<br>
=A0of our cars on the rise.<br>
=A0><br>
=A0> Charlie Durning<br>
=A0><br>
<br>
=A0_______________________________________________<br>
=A0Zmagnette mailing list<br>
<br>
=A0Donate: <a href=3D"http://www.team.net/donate.html"; target=3D"_blank">ht=
tp://www.team.net/donate.html</a><br>
=A0Archive: <a href=3D"http://www.team.net/archive"; target=3D"_blank">http:=
//www.team.net/archive</a><br>
=A0Forums: <a href=3D"http://www.team.net/forums"; target=3D"_blank">http://=
www.team.net/forums</a><br>
</div></div>=A0Unsubscribe/Manage: <a href=3D"http://autox.team.net/mailman=
/options/zmagnette/mikesmuseum@yahoo.com" target=3D"_blank">http://autox.te=
am.net/mailman/options/zmagnette/mikesmuseum@yahoo.com</a><br>
<div class=3D"HOEnZb"><div class=3D"h5"><br>
<br>
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//www.team.net/donate.html</a><br>
Archive: <a href=3D"http://www.team.net/archive"; target=3D"_blank">http://w=
ww.team.net/archive</a><br>
Forums: <a href=3D"http://www.team.net/forums"; target=3D"_blank">http://www=
.team.net/forums</a><br>
tte/durningcharles@gmail.com" target=3D"_blank">http://autox.team.net/mailm=
an/options/zmagnette/durningcharles@gmail.com</a><br>
<br>
</div></div></blockquote></div><br></div>
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