So I was watching the show Fantomworks this last weekend and something made me wonder. They has a 64 GTO that was hit in the LF fender, and the right side door & quarter with damage to the A & B pillars. The insurance company totaled out the car "sight unseen" and it was insured for $65K. The shop spent ~$62K to fix it.
So my question is...are we placing too low a value on our cars especially in the event of an accident? Hell...I just went to a local reputable shop that does restorations and just to paint my 65 Coronet 'vert and do any minor body work necessary was going to be $12K-$14K! If I were to wreck it, I'm sure it would be close to if not totaled, and I have it insured for ~$32K.
Should we all call our insurance companies and bump up our agreed values? Thoughts?
Bill M 65 Coronet 500 'vert http://goo.gl/6xUS1 73 Dart Sport, 05 Ram 2500 CTD, 4WD, QC, LB, Laramie 12 Journey R/T, 14 Avenger R/T, 21 Model T Depot Hack
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