E9 Values

Hi-

Just curious as to rationale/argument why insurance folks (or possibly collectors?) would value the 3.0 higher than a 2800? (I understand the items like rear discs, etc), but more keen on why insurance co. would value higher--is that based on past sales, etc?

thanks
 
Hmmn...kind of a strange request from Haggerty. I'm insured with them for the last 5 years at $55K. They requested detailed shots of the car, interior, exterior, engine bay and under-carriage. It was pretty much smooth sailing.
 
I don't think this is so. My policy says the "guaranteed value" is $30,000. This is the value of the car that Hagerty & I have agreed to. Just called to confirm this with service rep and she stated that there is no negotiation regarding the payment in the event of a loss. They will pay the "guaranteed value" without question. This is the difference between a collector car insurance company and a standard "new car" company which also insures vintage vehicles that they know little about. It is those companies that use the "stated value" concept as a hedge because they have no idea/interest in what your car is really worth and don't want to look into that value until it is time to pay out a claim.
 
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I've been talking through this with Farmers Insurance. They have my car at what appears to be Blue Book--only a few thousand. That's certainly something I need to get changed so I appreciate all this info.

Does anyone have a collection of recent comps ?
 
Check out the Hagerty site for valuations, it's about as accurate as you're going to find in the public space.

The key of course is to be realistic about the actual condition of our cars... they're all # 1s, right?
 
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