It's insurance renewal time and I have run into a problem with the current insurer. I'd like to get some feedback on what you guys think the valuation is because I haven't really been paying attention to the market for a while.
Here's the deal. I had a local Porsche restoration guy replace my headliner 2 years ago. He does concours level restorations. I asked him what he thought the car was worth and he said $50k without batting an eyelash.
Current insurer will only go as high as $40k for agreed value citing recent sales (auctions) as their justification. I am talking to another insurer and so far they are perfectly fine with $50k agreed value. I should be getting a quote this afternoon.
So, here's my question. Do I really have a $50k car? I'd appreciate opinions.
Car has 72k miles on the odo. I've owned it since 2011. I've fixed a lot -- CIS, oil leaks, wiring problems, and lots of general stuff that was not working -- too much to list. The only thing that doesn't work right now is the cruise control. Paint condition is A+. Rather than repeating a bunch of stuff about upgrades and stuff here,
here is the link to the car in my garage.
Gratuitous pics:
