[Healeys] Insurance Coverage, the real value.

F. Ronald Rader f.ronald.rader at gmail.com
Wed Dec 26 12:37:30 MST 2007

Hagertys has insured my BJ8 for $75,000 IRRC.
yes i needed an appraisal. i got a letter from the restoration shop
and no issues.
i think we have the E FHC at $125,000 the cost to replace it.
ron rader
On Dec 25, 2007 1:46 PM, <gardner5 at comcast.net> wrote:
> I just spent $21K in painting a healey, granted I went to the painter with the best reputation in the region who specializes in classic restorations, the point is, with the kind of damage evident in the photo, $12K won't go far.  As far a Hagerty goes, with me the jury is out since I've had an extremely hard time establishing an agreed value for my Healey.  My restoration is nearing completion, so I'm going to have a professional appraisal done to submit to Hagerty.  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.  It will be interesting for us all to see how this plays out.  My own plans are to drive my car so others can get the enjoyment of seeing it on the road, etc., but if you can't get adequate coverage..

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