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After 3 years I finally got my first dent...

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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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