This 1912 slab side touring car is being restored but it is almost ready to test drive on the road in primer. I was thinking about insuring it for $30000. Not that I would sell it for that, more or less, just not sure where to start.
The engine and body have separate numbers. The frame and body are 1912, so is the rear and drive shaft (2 something drive shaft) .......
Thank you, Bob
I don't know who you intend to use, but Hagerty should be on your insurance shopping list. I'd call them and ask what they think. I bet they put a higher value on it than you would, and I've found their rates to be very reasonable.
All 1912 Ts have different body tag and engine numbers, The "B" series numbers caused the differences.
Henry said what I would would have said.
Insurance, yes here in Texas we are required to have liability coverage. Collision is not required.
Since my model T cars are not what I would call daily drivers, I do not get collision coverage or other loss coverage.
If I lose one, I am sure I will miss it but I am sure I can live without it, even my 1912 touring.
I also keep them parked in separate sheds so If one location burns, I do not loose them all.
Condition,Condition,Condition!!! Is it a good running true/correct car or something to be flipped?? Bud.
Just about all of them are agreed value polices.
They will insure it for what ever you want as long as your sending them your hard earned cash.
I use Grundy World Wide only because they gave me what I was looking for at a price that was suitable for me, are they the best I ope I never know, are they the cheapest... No one else could beat their price for me anyways! Coverage(s) 15 Model T $9,000. 28 Dodge $25,000. 31 Model A $25,000 31 Chevrolet $25,000 just a shade over $400 per year.
Dang sticky key... ( I hope I never Know)
The short answer is "replacement value."
What would it cost to replace the car if it was destroyed or stolen?
Robert, I do/ own "Antique and Classic Automobile Appraisals of New Hampshire". Here is what Old Car Report has listed for your value: Tr(6)$1,140 (5)$3,420 (4)$5,700 (3)$12,830 (2)19,950 (1)$28,500 . Additional information: FORD — MODEL T: Approximately January, 1912 the Model T was again restyled. although the appearance was similar to the 1911 cars. The Touring car was now supplied with “fore doors” which enclosed the front compartment. These were removable and many have been lost over the years. The metal side panels of the Touring were now relatively smooth from top to bottom, eliminating the “step” under the seats which marked the 191 l's.
I.D. DATA: Serial number was behind the timing gear on the lower right side of the engine until about 100,000, then just behind the water inlet on the left side of the engine. Also about this time the location was again changed to the standard position above the water inlet, with some mixture of locations for a time. Starting: 70750 (approx.) (Some records show 69877 built on September 30, 1911.) Ending: 157424 (approx.) (There is no “break” between the 1912 and 1913 cars. 157425 was the first number assembled on October 1912, the beginning of Ford's fiscal year 1913.) 1912 Calendar year engine numbers: 88901 to 183563. According to Ford records engines with numbers B1 and B12247 were built at the Detroit plant beginning October 1912 and October 1913 but no records exist as to the exact dates. Car numbers were stamped on a plate on the fire wall. Other numbers stamped on the body sills, etc. were manufacturer's numbers and not an identifying number. Car numbers no longer agreed with the motor numbers and Ford kept no records of them.
Some of the Old Car Report prices are really funny. For many years, I've been looking for that 1912 Touring in number 6 condition, at $1,140.00. These days you can NOT buy the engine block or rear axle housings for that. If it really is only worth $1140, tell me where it is. I'll take ten of them.
$30K sounds about right. I have my brass cars insured for what I paid some years ago and need to update my policies to reflect replacement value.