Quote:
Originally Posted by robertmark
It isn't a market value policy he is trying to get from State Farm. It is an agreed policy. I have one on my 89 speedster with State Farm. The only problem with State Farm is they don't know the values. As my Speedster kept appreciating, I called them once a year requesting a bump up in agreed value. They said they couldn't go any higher without proof. I had to supply them sales from the big auction houses, along with Hagerty price guide, before they would increase the value to my now $200,000.
What's odd about State Farm is they set up a big booth at Mecum Auctions, that reads, "Classic Car Insurance" But they don't know classic car values!
Btw, awesome looking car. Even when it's inverted!!
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Yes. State Farm will value my car for the agreed value. They have been good to me in the past even though they are pretty clueless. But that gives me the opportunity to educate them on the early 911 stuff. I figured it would cost me about $100k-$150k to build another hot rod like this. The value is fine. It’s the long time to build it that is the problem. These things to do them right take time.
Thanks for the messages for those asking if I will sell. But not interested, this thing is a blast. Now if you had a GT3RS you wanted to trade...Now that’s another story.