I posted on the general forum also.
I live in southern NJ.Is anyone able to recommend an appraiser?
My car is a 1968 e-type fhc. I am thinking that maybe My ins. should be increased.
Thanks
Bill S.

Submitted by SC38-21185J on Mon, 08/11/2008 - 22:46

William: Yes, you can start with an appraiser, but don't stop there. You really need to Google or Yahoo "classic car insurance" and read some of the do's and don'ts. In your coverage, there is a big difference between replacement value and replacement cost. The XXX insurance company may only give you a portion of your insured amount because "that's the going rate" for E-Types. But if you have a very nice driver or even a champ car, it will take nearer to your insured amount to actually find another in the exact same shape.

You need to begin building a folder of recent auction prices and other sales material to prove the replacement value of a car. (I just saw an RM auction last night where a restored Series 2 Coupe went for 50 grand...a bit on the cheap side if you ask me.) NADA has released a price/value guide for classic cars, and looking at my Series 1, they really have it in the nose-bleed area....meaning I think these prices are a bit unrealistic.

If you are with Hagarty, then you should ask them what they think a reasonable insurance amount would be. I don't know that the difference between 50K and 75K is all that much to have to shop for. Just increase the amount and don't worry about it.

Patrick

Submitted by SE12-44804 on Mon, 08/11/2008 - 19:47

I used the following: http://www.i-van.org/
I am not sure if they have anyone in your area, but worth checking them out. Locally, the guy who started the organization did mine - he lives near me. I have a '68 E-Type roadster and it appraised at $55k.
Good luck.