Mystery Machine

When I bought my '73 coupe I got it insured for $10K agreed value with American Hobbyist. Since then I have redone the interior (carpet, door panels & C4 seats), dropped a ZZ4 in, rebuilt the TH400 tranny, put in an Alpine CD player, etc. Roughly I've put somewhere around $5K into it. Does this mean I should approach my insurance company to see if we can get it insured to $15K or does it just mean I've spent some money and it won't matter to the insurance company?

How do you guys handle insurance when you dump a bunch of $$ into mods and upgrades?
:confused:
THANKS!

73 LS-4

You can never get the money out of mods that you put into it, it's an unfortunate fact, plus the fact that going away from stock very seldom increases value and tends to decrease it. So you have to look at it for what you could sell it for in it's current state, not for how much money you put into it. Most of us here have put way more money into out cars then we could ever hope to get out of them when or if we sell.

:cheers:
Pat Kunz

Alwyn678

Whn I had my car painted I had the value of my 74 vert raised from 15k to 20 k ageed value with State Farm

Mystery Machine

I figured it was probably a wash. However, certainly you guys that have big $$ into a car that NADA says is only worth $10K or so have it insured for more...right? :confused:

Alwyn: did you have to get an appraisal or did your insurance company just take your word fot it?

Thanks!