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Originally Posted by Cursh  I talked to state farm (my auto insurance carrier) and they said their value was based on purchase price and age.
Which sounds like I wouldn't be given much of anything at all (I think my 67 Safari cost something like $4500 new?)
Halfway through restoration I might get about what it was worth out of it, but once I'm done I don't think I'll be able to get anything close.
Is there a way to get insured based on an appraised market value?
At this point I'm not worried about it, but after sinking hundreds of hours and thousands of dollars into this project I would like to get a bit more than just what I paid for the solar set up and high efficiency fridge out of it. |
Progressive will do that. When I get a few more updates completed, I will get an appraisal and change my policy. I have Progressive now, and my guesstimate of value when I bought it was about the same as theirs as to market value. New AC, fridge, and others have changed things.