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I have a very small dog in this fight: going thru the Hagerty/American Collectors/stay with USAA/whatever debate re our pristine 2005 BMW CompPkg 6 spd Interlagos Blue M3. Hagerty values a Good example at $40,500. I have Hagerty and ACI quotes for "agreed" value - they're close (around $800-900/year w/a severe annual mileage limit). But ours is a stock car (except for the Bilstein coilover suspension). Your custom built 911 is off-the-charts not stock. One very obvious "problem" with a collector policy: limits on liability and other provisions. ACI won't go close to our regular car limits. So whenever I drive it I'm underinsured for being sued? Not to mention miles/year driven, or to where and doing what. Honestly, with a modified 911 like that are you really and truly never going to drive the u-no-what out of it at the track? or at some other closed course or "registered" speed event? Really? So now you've cancelled your collector insurance!! So what are you insuring for? Theft? Garage fire? Mud slide or flood? Tree falling on your garage? Good idea. Install LoJack re theft and settle on some lower limit? And yeah: get into a road crash and the cat fight begins. Is it repairable? By whom? Where? To what standard? Otherwise, you shouldn't have any problem establishing a "replacement" value by adding up all of your car purchase, parts and labor invoices and getting a "replacement" value. Argue against a "market" value via comparisons because there won't be any comparable market prices! Final thought: just settle on some coverage $$ number that will let you get started on building a replacement and move on. Good luck.
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