Insurance Value
- Thread starter don's 37
- Start date
Barry Wolk
Member
KBB Classics.
51 MERC-CT
Well-known member
"value of auto" most likely translates to "how much do you want to insure it for?" Over a certain amount, some companies require an appraisal.
It's important that you define 'value'........
For insurance purposes, it could be 'Actual Cash Value' (what it would sell for), or 'Stated Amount' (usually something less than ACV, if you don't want to pay the premium for full ACV), or Agreed Value (policy pays that amount for total loss, regardless of ACV)
You need to know which type policy you are buying.
For insurance purposes, it could be 'Actual Cash Value' (what it would sell for), or 'Stated Amount' (usually something less than ACV, if you don't want to pay the premium for full ACV), or Agreed Value (policy pays that amount for total loss, regardless of ACV)
You need to know which type policy you are buying.
Sid the Maineiac
Well-known member
The 2010 Collector Car Price Guide shows $12950 for #2 and $18,500 for #1