Re: [Classic Mustang] Re: value of a totaled 66 convertible

Did that a few years back with a DeLorean.  (stainless ouch!)  And this taught me the value of Hagerty Classic Insurance. Had my claim been honored at true market value, I could have bought a restoration special and brought it back to my standards.  But NOOOooooo.

Liberty Mutual (cough!) ended up looking at recent sales (w/in 1 year) within the same geographical area.  Then took the lowest sale and used that to set the price.  (expletive, deleted.)  There was only a gross resemblance in condition - mine was mint, their's was grade 3 (at best, and probably a 4). 

Taught me a painful le$$on, if you catch my drift.   If I had a stated value policy with them, I still would have had to prove my car was in that condition.  Never again... I said. Never again.

Guys, don't wait until the time you need it.  Make sure you're insured with Hagerty Classic and have a current appraisal done. (AND keep it current every couple of years.)

Let us know how you fair, dude.

-Michael

mustngmke wrote:

--- In classicmustang@yahoogroups.com, nivekyeldarb <no_reply@...>  wrote:   

ouch. tears. my baby is dead. smushed in a 4 car pileup. now comes      

the fight with the    

insurance company on value. any ideas on where to find comparable      

values are    

appreciated!      

 you can check completed auctions on Ebay and see what a comparable car  sold for.. make sure it hit it's reserve.    

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