Agreed Values Going Up

Discussion in 'E9 General Discussion' started by oneills, Jul 11, 2018.

  1. oneills

    oneills Well-Known Member Site Donor

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    Talked to my State Farm agent about raising my agreed value on my coupe from $40 to $55k hoping to get close to $50.

    Stopped in today and without a whimper SF agreed on $55. Will sleep better tonight.

    Steve
     
  2. Stan

    Stan Well-Known Member Site Donor

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    I have agreed value of $70K with Hagerty
    I needed to send photos
     
  3. dpdapper

    dpdapper Member

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    Mine’s at $75k with Hagerty. Again, no questions asked the last couple of times I asked to increase the amount.


    Sent from my iPad using Tapatalk
     
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  4. sandhu

    sandhu Active Member Site Donor

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    Am increasing the cars value end of this summer from 120k to 150k
     
  5. scottevest

    scottevest Well-Known Member Site Donor

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    I am increasing mine to $75k. Here is the email I sent to my insurance broker.

    Here are some additional comps: https://bringatrailer.com/bmw/e9/

    Note that the vehicle will not be completed by Tuesday as I hoped but will almost be. I am hoping it will be "done" by end of next week.

    I have not kept all receipts, etc. from the work done, but have created this list showing what was done. If needed, I can get a receipt from the paint/body shop that is doing the restoration. Their portion is about $23k, and I bought about $15k+ in parts for it as well.



    • Bought this coupe in July 2011 https://e9coupe.com/forum/threads/74-black-tan-3-0cs-on-ebay.9128/

      • First ride:
    • New exhaust from coupe king

    • Nardi Wheel

    • OEM Chrome kidney, etc.

    • OEM new carpets/mats

    • Lower spacers

    • Faster e28 power windows

    • Adjusted doors to close properly

    • New weber carbs

    • New cylinder head

    • New performance camshaft Schrick - M30 Camshafts Schrick - M30 Camshafts

    • Electronic fuel pump

    • New stereo and speakers

    • New tires and bbs wheels

    • Fix sunroof

    • Full paint job and limited rust restoration, over $21k

    • Refurbished seatbelts

    • 73 chrome bumpers replaced

    • New antenna

    • Added right side view mirror and moved left forward

    • Smog stuff removed

    • $1200+ wood refurbishment

    • All brightwork done

    • $500 new headlights

    • CSL airdam

    • All new rubber throughout

    • Lower suspension/springs Carl Nelson

    • All new bilstein shocks, suspension

    • New defroster vent

    • w&n, carl nelson, la jolla

    • New defroster vent

    • New rear lights and piece where license plate goes

    • Refurbished interior leather/vinyl

    • Updated AC

    • New radiator via SF Don

    • New interior for trunk

    • Re-inforce shock towers

    • clean/refurbish gas tank and coat

    • Lokari fender inserts

    • Rust prevention

    • New brakes, pads and rotors

    On Wed, Jun 6, 2018 at 5:18 AM Scott Jordan <ceo@scottevest.com> wrote:
    Here are some comps of similar cars sold:
    https://bringatrailer.com/listing/1970-bmw-2800-cs-4/
    https://bringatrailer.com/listing/1972-bmw-3-0cs-2/
    https://bringatrailer.com/listing/1973-bmw-3-0cs-10/
     
  6. scottevest

    scottevest Well-Known Member Site Donor

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    what do you pay for premiums?
     
  7. OCCoupe

    OCCoupe Well-Known Member Site Donor $

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    My e9 is insured with Hagerty for $125,000.00 .
     
  8. vince

    vince Active Member Site Donor

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    I have mine insured with Hagerty too for $100K.
     
  9. Markos

    Markos Parts Hoarder Staff Member Site Donor $$

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    Not to one up anyone, but mine is insured for $15K.
     
  10. oneills

    oneills Well-Known Member Site Donor

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    Based on these numbers I will ask for an additional $5,000 a year until State Farm stops giving it. Nothing to lose.
     
  11. rsporsche

    rsporsche Well-Known Member Site Donor $$

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    Stan, i think you need to go up 15k to 25k ... your coupe is undervalued
     
  12. dpdapper

    dpdapper Member

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    $771/yr. Car is garaged in Downtown LA.


    Sent from my iPhone using Tapatalk
     
  13. deQuincey

    deQuincey Well-Known Member Site Donor

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    here still in the 40k€ range
    anual fee around 380€
     
  14. Wes

    Wes Active Member

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    Mine is insured for $45K USD - $60K Australian - 1972 CS 5 speed manual with minimal rust but in need of a re-spray.
    Be interested to see what other Aus based members think?
     
  15. Gransin

    Gransin Well-Known Member Site Donor

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    Have you tried to talk to someone above the customer service at your insurance company?
    When I called customer service to insure my car I instantly ran into difficulties since they don’t have the slightest clue about classic cars.

    After a long discussion, customer support passed me over to their manager, who in turn directed me to someone who handles classic car insurances.

    After that it was smooth sailing and I got mine insured for 70k€, the amount I wanted, after sending detailed photos and links to recent auctions + current for sale ads.
     
  16. Wes

    Wes Active Member

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    Mine is insured with a classic car specialist (Shannons) no issues as to value at all.
    I'd assume there was something similar in other countries?
     
  17. Gransin

    Gransin Well-Known Member Site Donor

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    I’m sure many countries have something like that, but here we don’t have a big market for (expensive) classic cars, so we have to deal with regular insurance companys.
     
  18. Rek

    Rek Active Member Site Donor

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    £55k AgreedValue kept on a private road in Central London. Premium with no mileage limit is £500 p.a.
     
  19. Stan

    Stan Well-Known Member Site Donor

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    sounds about right for that beauty!
    I need to re-evaluate my insurance
     
  20. Philippe db

    Philippe db Active Member Site Donor

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    Mine is insured for €60K and I'm allowed to drive it 2000km per year. Difficult to tell exactly how much I pay because it's insured together with other cars but probably around €450

    Think that way it is in line with the latest "Motor Klassik" price trend
     

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