[Zmagnette] CL Magnette

[charles durning]

I don't have a problem with a stated value.  Just come to terms about the
value and pay the premiums.  I've insured several cars with a stated value
and we have always come to a figure with which I have been happy.   I have
my Chick Magnette insured with Hagerty.  We discussed the condition of the
car as a barn find that still has a barn find patina.  After sending
several pics of the car and the garage we agreed on a stated value and
coverage for $110 per year.  I would gladly sell my car for the stated
value.  Though I would be disappointed if the car were to be totaled I
would be happy with the settlement.


Charlie Durning

If you are using Google or Gmail, Big Brother is watching.



On Fri, Oct 25, 2013 at 6:20 PM, Mike <mikesmuseum at yahoo.com> wrote:

> SteveT, I'm with you except for one thing - value for repair or
> replacement after an accident or other incident.
>
> If nice Magnettes were trading at around $10K, while they cost upwards of
> $20K to get to that condition, you can be in a bind even with a stated
> value policy. Is your underwriter going to go for you asking for $25K of
> coverage for a car that trades for $10K? Perhaps not.
>
> But if the cars are trading in the $20K range, or to put it another way,
> trading at a price that approximates what it would cost to duplicate the
> car, getting them properly insured becomes easier.
>
> I'm not even going to consider the super-deluxe cars out there, the ones
> with A/C, breathed-upon motors, and so on.
>
> I don't think the sedans will ever be as popular or pricey as the sports
> cars, for all the same reasons that the sedans were widely outsold by the
> sports cars when they were new. I've never really understood that, but
> that's how it is. I have both a ZB and an MGA, and the ZB is the much nicer
> (& rarer!) car. Go figure.
>
> Mike
>
> --------------------------------------------
> On Fri, 10/25/13, Steven Trovato <strovato at optonline.net> wrote:
>
>  Subject: Re: [Zmagnette] CL Magnette
>  To: "List for the Z Magnette Group - North America" <
> zmagnette at autox.team.net>, "List for the Z Magnette Group - North
> America" <zmagnette at autox.team.net>
>  Date: Friday, October 25, 2013, 3:44 PM
>
>  I think I'm in the minority on
>  this.  I do not sit around hoping values go up.  I
>  would be very happy if all kinds of exotic cars were selling
>  for peanuts.  I would have one of each.  When
>  values really soar, the cars become harder to keep.
>  Parts prices get crazy.  Insurance becomes more of an
>  issue.  And the temptation to make money pushes you to
>  sell.  Now you've made a great investment, you have
>  taken a tidy profit, but you don't get to enjoy your car
>  anymore.  Sure, I understand that if you are planning
>  on selling, higher market prices mean you'll do
>  better.  I get that.  I plan on keeping my car
>  forever.  I know it may not work out that way.
>  There are a thousand unforeseen circumstances that can
>  change that tomorrow.  But with a "keep it forever"
>  mentality, I don't care that much about its worth.
>
>  -Steve T.
>
>
>  At 09:32 AM 10/25/2013, charles durning wrote:
>  > I hope he gets it also.  We need to keep the value
>  of our cars on the rise.
>  >
>  > Charlie Durning
>  >
>
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