Insured Value For A 1913 Model T Touring.

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Model T Ford Forum: Forum 2013: Insured Value For A 1913 Model T Touring.
Top of pagePrevious messageNext messageBottom of page Link to this message  By Gary Hagen on Monday, June 17, 2013 - 09:02 pm:

I just increased my insured value from $18,000 to $33,000. The $18,000 value was from 1991. What do you gentleman insure yours for?


Top of pagePrevious messageNext messageBottom of page Link to this message  By Bud Holzschuh - Panama City, FL on Monday, June 17, 2013 - 09:18 pm:

I don't


Top of pagePrevious messageNext messageBottom of page Link to this message  By Karl Gilchrist on Monday, June 17, 2013 - 09:24 pm:

$30,000 but that is New Zealand dollars so about $24,000 US Dollars at todays exchange rate -Karl


Top of pagePrevious messageNext messageBottom of page Link to this message  By Rob Heyen - Nebraska on Monday, June 17, 2013 - 09:29 pm:

I think we have $25K on our policy.


Top of pagePrevious messageNext messageBottom of page Link to this message  By George_Cherry Hill NJ on Monday, June 17, 2013 - 10:11 pm:

Ya know,,,,thanks Gary! What a twit I am and need to go look...:-):-) I don't think I've revalued my '15 Runabout for insurance purposes since 1995 when I bought it, and it's in even better shape today than then. My guess is the value stated 'might' just get me a replacement but in the 'it runs and looks OK, but you are probably going to have to re-do everything' category.

I don't read the annual invoice as it covers a bunch of cars (JCT), just write the check and send it back 'no changes'....d-uh?

So keep the thread going...

And...check your insurance policies!


Top of pagePrevious messageNext messageBottom of page Link to this message  By Gary Hagen on Monday, June 17, 2013 - 10:52 pm:

I am more tired today than I thought. Mine is a '14. But they are close enough to value them the same. Mine has extra nice paint and real leather upolstery. One of our local members a few years ago had his truck and trailer with the 1911 EMF in it stolen. He was underinsured. This led a lot of people in our area (San Francisco Bay Area) to have their vintage cars appraised and to increase the insured value.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Mike Vaughn on Monday, June 17, 2013 - 11:49 pm:

I just updated my policy June 1st. I valued my 14 at $25K.


Top of pagePrevious messageNext messageBottom of page Link to this message  By David Dewey, N. California on Tuesday, June 18, 2013 - 12:13 am:

Just be careful how we phrase this suggestion--for instance, "I upped mine--up yours!" might not be interpreted properly! :-)
BTW, I did raise my cars' values this year when I renewed at the suggestion of the insurance company as it had been decades since I last changed it!


Top of pagePrevious messageNext messageBottom of page Link to this message  By Bernard Paulsen, San Buenaventura, Calif on Tuesday, June 18, 2013 - 12:59 am:

I usually have my classics insured for 125% what it would cost me to buy a similar car. A nice 1913 Touring is a $20K car, so $25K would be the bullseye, but $30K is also okay. A problem is if your valuation is totally out of whack That would invite scrutiny in case of a claim.


Top of pagePrevious messageNext messageBottom of page Link to this message  By David Dare - Just a little South West . on Tuesday, June 18, 2013 - 02:14 am:

would the value not include for someone else to fully rebuild your car back to a pre accident condition, including a total loss due to fuel fire.
That's the way l insure my cars, it may cost me a bit more, but if the worst happens( other than death )l am covered completely.

David.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Dennis Seth - Ohio on Tuesday, June 18, 2013 - 06:29 am:

Even in death your covered completely...usually with six feet of dirt!


Top of pagePrevious messageNext messageBottom of page Link to this message  By David Dare - Just a little South West . on Tuesday, June 18, 2013 - 06:42 am:

Dennis l can not argue with that.,then we have to wait to spend all of eternity with someone else on top of us ...again.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Ray Green on Tuesday, June 18, 2013 - 08:26 am:

hey David, mine is $33k and I get the wreck back not that I want it and it gives me $20,000,000 public liability for $125... Ray


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