Hi Dale,
Don't know what shape your car was in before the crash, but using the Black
Book, National Auto Research, in their CPI price guide, They give a range of
$3375 to $5575 for the MG Midget in #3 to #2 condition for the years 69 to
75.
Their site is www.blackbookusa.com
Starting at a higher appraised price would seem to give you greater leverage
in preventing a "total" type of loss and a salvage title to hassle over.
Best, Paul A
----- Original Message -----
From "Dale Puffenberger" <dalep1 at earthlink.net>
>
>
> I got that information from the insurance company along with the Kentucky
> statute number. The agent cited the provisions in neighboring states, Ohio
&
> Indiana, which are 80%. He told me that most states have such provisions -
> wacky as it sounds. Some companies use the Blue Book value but since that
does
> not reflect regional price variations many companies use the NADA Guides
found
> at
>
>
http://www3.nadaguides.com/SectionHome/ClassicCars.asp?UserID=54073F246B1BE&;
> DID=37904&ColorId=&wSec=2&wPg=1184
>
> I guess in theory if "they" determine the fair market value of my car is
$3999
> and the estimated cost of repairs is $3000 (which is close to the parts
costs
> by my estimates) they can total the car, offer me the money in exchange
for
> the title, which I can get back as a salvage title. Then I must go through
> process of making my car roadworthy and all the crap that that entails.
There
> are other fairness issues as well.
>
> Dale
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