Need your help!!

[z31maniac]

I'm talking with my insurance company (State Farm) about getting a stated value policy for my car. So I also need to come up with a good value to put on my E30.

'88 325iS, good paint, 123k miles, all the problem rust areas are good, There is literally one dime sized dent on the passenger fender, rest of the body is as straight as when it rolled off the line.

discontinued BMP RS-1 body kit
Sparco Milano black leather seat ($1000)
Nivola steering wheel (I hate it, but its still worth something)

16 x 7 SSR Comps, can these still be purchased in 16 x7 4 x 100? (price on these?)
GC coilovers, Eibach ERS springs, Koni SA's, GC camber plates, Sparco strut bar (I think the GC street/track school coils are like $1500 for the set?)

In the next few months I'm also getting ready to go through the car and do all the bushings, wheel bearings, tie rod assemblies, LCA's, motor/trans/diff mounts, guibo, CSB, etc etc etc

What value should I put on the car?

Pic for reference

[Disaster Inc]

I would guess that the higher the value you put on it, the higher the premium.
So if it was me, I would pick a number that if God forbid my E30 was wrecked or stolen I could at least somewhat replace her with one in the same ballpark. It would be a compromise between what I'm willing to pay in premiums and what I'd get in money to work with if she was gone. My 2 cents anyway.

[z31maniac]

I would guess that the higher the value you put on it, the higher the premium.
So if it was me, I would pick a number that if God forbid my E30 was wrecked or stolen I could at least somewhat replace her with one in the same ballpark. It would be a compromise between what I'm willing to pay in premiums and what I'd get in money to work with if she was gone. My 2 cents anyway.

Yeah, I know all that.

That's why I posted this thread, so that maybe you guys could help give me some input as to what value I should put on the car, so I could get another nice one and get it back to approx the same mod level.

I was thinking $7-8k, what do you guys think?

[Hartge_H27]

i think $8-9K would be good. remember price will keep going up on parts and clean cars.

[z31maniac]

Hmmm, State Farm will only do it on non-driven show cars.

Anyone have any insight on what company to call for a stated value policy?

[blunttech]

Hmmm, State Farm will only do it on non-driven show cars.

Anyone have any insight on what company to call for a stated value policy?

i dont think your cars old enough for haggarty and some of the other classic insurers. just insure it for book value and forget about it. youll get 5k if its totalled and buy it back and start swapping shit onto another shell. these cars are nothing special as far as value goes. i have a lot into mine and i insure it as a normal car. no stated value. if i r3v it most of the aftermarket shit will be salvageable unless i really r3v it. besides if you read the fine print on the haggarty contract it says they wont insure anything bronzit

[atomic]

besides if you read the fine print on the haggarty contract it says they wont insure anything bronzit

:rofl:

[z31maniac]

i dont think your cars old enough for haggarty and some of the other classic insurers. just insure it for book value and forget about it. youll get 5k if its totalled and buy it back and start swapping shit onto another shell. these cars are nothing special as far as value goes. i have a lot into mine and i insure it as a normal car. no stated value. if i r3v it most of the aftermarket shit will be salvageable unless i really r3v it. besides if you read the fine print on the haggarty contract it says they wont insure anything bronzit

Book value is around $3800 - deduct = $3300

Around here that won't even get you a well maintained stock one, which is why I'm a little concerned about it.

State Farm says they will pay for aftermarket upgrades and stuff on the car, but I used to be a Claim Rep, I know how they play the depreciation game.

[atomic]

Book value is around $3800 - deduct = $3300

Around here that won't even get you a well maintained stock one, which is why I'm a little concerned about it.

State Farm says they will pay for aftermarket upgrades and stuff on the car, but I used to be a Claim Rep, I know how they play the depreciation game.

Get that in writting then, because they told me just the opposite...

[z31maniac]

^Did you talk to your agent, or one of the Agent's staff? It was my experience dealing with them, that most agent's staff haven't been around long enough to know what they are talking about.

I'll call back later and see if I can speak to my actual agent see what she says.

[blunttech]

Book value is around $3800 - deduct = $3300

Around here that won't even get you a well maintained stock one, which is why I'm a little concerned about it.

State Farm says they will pay for aftermarket upgrades and stuff on the car, but I used to be a Claim Rep, I know how they play the depreciation game.

if you used to be a claims rep you probably know more than any of us but from the pics its clear you have a nice clean car. ive always been able to inflate the value of any car ive had a claim against by using comps. i have state farm also.

[olskool]

I would speak with a State Farm (or any other company you are considering) claims adjuster or an underwriter. At most companies, agents are least knowledgeable when it comes to coverage and loss settlement questions. Don't get me wrong the agents know enough to sell you a policy. Often times when there is ambiguity in coverage the adjuster often seek advice from the underwriter to get clarification. Been in this business long enough to know. Good luck.

[z31maniac]

^Yeah I already talked with my friend who used to be an auto adjuster at State Farm, I was on the housing side.

It's going to take me being able to get a company to send me a copy of their policy so I can read through it myself.