[Healeys] Insurance Coverage, the real value.

Kent McLean 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.

Kent McLean
'56 100 BN2

More information about the Healeys mailing list