<div dir="ltr">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. </div>
<div class="gmail_extra"><br clear="all"><div><div dir="ltr"><div> </div>
<div>Charlie Durning</div>
<div> </div>
<div><font size="4">If you are using Google or Gmail, Big Brother is watching.</font></div>
<div> </div></div></div>
<br><br><div class="gmail_quote">On Fri, Oct 25, 2013 at 6:20 PM, Mike <span dir="ltr"><<a href="mailto:mikesmuseum@yahoo.com" target="_blank">mikesmuseum@yahoo.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
SteveT, I'm with you except for one thing - value for repair or replacement 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 coverage 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, trading 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 ones 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 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.<br>
<br>
Mike<br>
<br>
--------------------------------------------<br>
On Fri, 10/25/13, Steven Trovato <<a href="mailto:strovato@optonline.net">strovato@optonline.net</a>> wrote:<br>
<br>
Subject: Re: [Zmagnette] CL Magnette<br>
To: "List for the Z Magnette Group - North America" <<a href="mailto:zmagnette@autox.team.net">zmagnette@autox.team.net</a>>, "List for the Z Magnette Group - North America" <<a href="mailto:zmagnette@autox.team.net">zmagnette@autox.team.net</a>><br>
Date: Friday, October 25, 2013, 3:44 PM<br>
<div><div class="h5"><br>
I think I'm in the minority on<br>
this. I do not sit around hoping values go up. I<br>
would be very happy if all kinds of exotic cars were selling<br>
for peanuts. I would have one of each. When<br>
values really soar, the cars become harder to keep. <br>
Parts prices get crazy. Insurance becomes more of an<br>
issue. And the temptation to make money pushes you to<br>
sell. Now you've made a great investment, you have<br>
taken a tidy profit, but you don't get to enjoy your car<br>
anymore. Sure, I understand that if you are planning<br>
on selling, higher market prices mean you'll do<br>
better. I get that. I plan on keeping my car<br>
forever. I know it may not work out that way. <br>
There are a thousand unforeseen circumstances that can<br>
change that tomorrow. But with a "keep it forever"<br>
mentality, I don't care that much about its worth.<br>
<br>
-Steve T.<br>
<br>
<br>
At 09:32 AM 10/25/2013, charles durning wrote:<br>
> I hope he gets it also. We need to keep the value<br>
of our cars on the rise.<br>
><br>
> Charlie Durning<br>
><br>
<br>
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