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'59 Alfa Romeo 101.02 Giulietta Sprint
'69 Alfa Romeo 105.51 1750 GTV (R.I.P)
'69 Datsun 2000 roadster Vintage race car
'88 BMW M3Comment
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1974.5 Jensen Healey : 2003 330i/5Comment
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Sad story and I'm very sorry to hear. Not sure if it was an option available to you, but this is why I have my E28 insured at an agreed value.The sad thing here is that my insurance company hired some d.b. who stated for the record that this car was in overall poor condition and showed poorly before it got rear ended. Do you see such a car in those pics? Original paint and interior, 3 owners, no rust, matching #s. They valued the car at $6850 based off of another one that had been for sale 3 years ago that was both rusted out, with a torn up interior, and several different colors (very poor repaint in red over a sort of original mustard color, that could be seen in all the door jambs, under the hood, trunk, ect) stating that my car was in worse condition than the one they found.
My appraiser put the value of the car at $18500 with a note stating that with a new carpet (the drivers side was showing some wear in the pedal box), the car was easily worth $25K+ which was spot on with the real market value. The insurance appraiser also contradicted himself several times in his report. After I took the mess to arbitration, the umpire split the difference and stated the car was worth $12700 before the accident. I had offers of $30K for the car before it was hit, $12700 was a slap in the face, and the original offer of $6800 was absurd considering the amount will buy you a rusted out one needing a full restoration before it could be even driven. Heck, I even had multiple professional appraisers stating that my car was worth a minimum of $18K. Needless to say I got bent over.Comment
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I was under the impression that the car was on an agreed value policy. Much to my surprise, AAA said no, its a fair market value policy. I had been paying a premium on the car based on its $25K value. All that did was to make the insurance more expensive. I might as well have insured the car for $1 and been better off. I've since kicked the thieves at AAA to the curb and gone to Farmers who offer an agreed value policy. The M3 has been appraised and I'll get the Datsun appraised once its all back together.
Will'59 Alfa Romeo 101.02 Giulietta Sprint
'69 Alfa Romeo 105.51 1750 GTV (R.I.P)
'69 Datsun 2000 roadster Vintage race car
'88 BMW M3Comment





















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