somewhat, think it should be the upper end. Bill.
Bruce
Insurance value
Thread Starter
Drifting
Joined: Jun 2005
Posts: 1,974
Likes: 2
From: Crownsville Md.
Insurance value
What would you think a fair value of my car for insurance
purposes? 67 BB NOM 427/390 from a 68 rear and trans also
not original. Definately an original BB as confirmed by Tony's
corvettes of Md. I rebuilt the motor and front suspension,
everything except headlight motors. I just finished the rear
end rebuild. Just want some opinions on value, thanks in advance.
I forgot to mention it is an originally black car.
Shemp
purposes? 67 BB NOM 427/390 from a 68 rear and trans also
not original. Definately an original BB as confirmed by Tony's
corvettes of Md. I rebuilt the motor and front suspension,
everything except headlight motors. I just finished the rear
end rebuild. Just want some opinions on value, thanks in advance.
I forgot to mention it is an originally black car.
Shemp
Last edited by shemp; May 9, 2009 at 12:26 PM.
Melting Slicks
Joined: Feb 2002
Posts: 2,500
Likes: 109
From: Severn Maryland
St. Jude Donor '05-'10-'11-'12-'13-'14-'15
have Tony do the appraisal since you say he confirmed it was originally a BB - he has to have an idea on the value - but, would venture to say $85,000 - $90,000 is what you should have the car insured for
BTW - Tony restored my 1963 Z06
BTW - Tony restored my 1963 Z06
Le Mans Master
Joined: Mar 2009
Posts: 7,993
Likes: 3,980
From: Cold Harbor, VA
Great if you can get it ,,,
Not to be a spoil sport, but I'm thinking the value range suggested by mid-year enthusiasts here on the CF might diverge just a little from the range suggested by auto insurance underwriters. I insured my newly purchased all correct L76 for market value three months ago, but only with a slam bang written appraisal, and in person inspection by my agent. Even then it took some aggitating on my part to get the thing approved. Values have dropped. That does not mean you can get a seller to acknowledge that his car may have lost some value recently, but insurers will only cover for real market value now, not what these things may have been worth two-three years ago. 
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Thread Starter
Drifting
Joined: Jun 2005
Posts: 1,974
Likes: 2
From: Crownsville Md.
Not to be a spoil sport, but I'm thinking the value range suggested by mid-year enthusiasts here on the CF might diverge just a little from the range suggested by auto insurance underwriters. I insured my newly purchased all correct L76 for market value three months ago, but only with a slam bang written appraisal, and in person inspection by my agent. Even then it took some aggitating on my part to get the thing approved. Values have dropped. That does not mean you can get a seller to acknowledge that his car may have lost some value recently, but insurers will only cover for real market value now, not what these things may have been worth two-three years ago.
appraiser out next week. I will let you know what they come
up with.
Shemp
Le Mans Master
Joined: Mar 2009
Posts: 7,993
Likes: 3,980
From: Cold Harbor, VA
I'll bet dollars to donuts that the insurance company's appraiser will offer up a valuation considerably lower than what a classic car (corvette?) appraiser would assign to the car....
just my guess
p.s. all the guy has to do is find some apparent comparables (perhaps no sale big blocks on eBay, or BJ) that sold (or did not sell) in the $50-70K range, and there is your "current" value,,,,
Last edited by 65hihp; May 9, 2009 at 01:03 PM.
Race Director
Joined: Sep 2005
Posts: 13,875
Likes: 1,871
From: Birmingham Mi
When I first insured my 67 with Hagerty in 2001, the insured value was a few thousand over purchase price. The next 2 years they increased the value upon renewal but after that I didn't think that they were keeping up with the market. Plus, I had made appearance improvements to the car, got a NCRS Top Flight, so I bumped it up on my own and Hagerty didn't object, as they also increased the premium. I now have it valued at 70k for $505 per year. My point is that you should be able to set your own value (within reason) and pay the appropriate premium.
Rick
Rick