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After 3 years I finally got my first dent...
HaRuMaN:
When our 99 Honda civic was totaled this year, we got very close to the private party value.
boykster:
--- Quote from: ChadTower on September 24, 2007, 12:11:45 pm ---
Usually you'll get something in between but much closer to private party value.
--- End quote ---
It can also depend on your policy and what state you live in. On my new car, it is covered with a "stated value" policy (that we adjust twice yearly) to offset that it was a custom factory ordered car, our other car is covered at trade-in value (cheaper).
ChadTower:
Heh. I used to have a restored white convertible that had a book value of about 3 McNuggets. I had to have it appraised by two licensed appraisers to get the insurance company to cover it to appraised market value.
HaRuMaN:
--- Quote from: ChadTower on September 24, 2007, 01:24:43 pm ---Heh. I used to have a restored white convertible that had a book value of about 3 McNuggets. I had to have it appraised by two licensed appraisers to get the insurance company to cover it to appraised market value.
--- End quote ---
Only 3 McNuggets? ::)
ChadTower:
Yep... maybe 2.5 nuggets. 1982 Ford EXP with 90k miles. It had been fully restored and the roof removed for a custom convertible frame... nice little car but had no standard market value whatsoever. I tried looking it up in the blue book but next to its entry was a picture of someone pointing and laughing at me.
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