Re: [DML] Re: Value to insure the car for?

[Jake Kamphoefner <jakekamp@xxxxxxx>]

All that means is that someone made a expensive mistake, and didn't know the market price for a DeLorean.  Insurance is intended to provide you with the replacement value, which is supposed to be the roughly the market value plus any purchasing costs.

Within the DeLorean community, you know that you can buy a car in the same condition as yours all day long for less than 30K.

 
Jake Kamphoefner
1063




________________________________
From: Kevin Abato <delorean@xxxxxxxxx>
To: DML <dmcnews@xxxxxxxxxxxxxxx>
Sent: Mon, March 1, 2010 5:49:42 PM
Subject: Re: [DML] Re: Value to insure the car for?

  
The cars sold at barrett jackson are no more "special" then. They tend to sell for 50-55K

Kevin Abato
Vin# 16680
www.grenexmedia. com 

-----Original Message-----
From: "jtrealtywebspannet " <jtrealty@optonline. net>
Date: Sun, 28 Feb 2010 22:09:07 
To: <dmcnews@yahoogroups .com>
Subject: [DML] Re: Value to insure the car for?

Agreed value should reflect what it will cost to replace your car in it's current condition at today's market price. Remember, the higher your agreed price the higher your premium. One way to decide what your car is worth, if you were to sell your car today what can you expect to get for it, be honest, are you really going to get $50K? Unless it is "special" in some way, extremely low mileage, owned by a celebrity, was in a movie, $30K is probably a fair price. I would ask what the difference would be to up the value to $40K or $50K and then decide. Agreed value will only come into play if the car disappears (is stolen) or is totaled in an accident. Both are unlikley but possible. You might also want quotes from others than Grundy. Try Haggarty, Taylor, Classic, and others specializing in collector car insurance.
David Teitelbaum


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