[Healeys] Insurance Coverage, the real value.
kentmclean at comcast.net
Tue Dec 25 15:32:44 MST 2007
gardner5 at comcast.net wrote:
> Basically at
> this time, I've just crossed into six figures in receipts for the
> restoration (Factory 100M), but Hagerty feels that $60K is a fair
> value. From what the rep. assigned to my account has said, this is
> based on the value of a restored BN2; the fact that it is a Factory
> 100M is lost on them...so good luck.
Ouch! The rule of thumb is that it is cheaper to buy a restored car than it is
to restore one. (I know, the cow is out of the barn.) I could see how a factory
100M with $100K in receipts might be worth $75K. :) Can you buy "agreed value"
of $75K or $100K? It will cost more, but then if you need it, it's there when
some Bozo in his Hummer is distracted by a bimbo walking down the street.
'56 100 BN2
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