Re: Insuring your car for what it's actually worth...
Jacquie,
I may very well be missing something here,but for the life of me, I don't understand what you paid for the car has to do with insuring it for its value. I don't have 11 cars with MK (insurance is actually written thru American Modern Ins. Co.), but I do have 6 cars with them and all are covered with what I feel is their true value and it is an agreed value policy. I would think that whether you have 1 car or eleven each car should stand on its own. I bought a 67 435 Corvette in 1980 for $8000 and if they told me I could only insure it for that amount I would tell them to pound sand. NJsteve said it best earlier in that if someone gave you the car then by this reasoning you would have to insure it for zero. I haven't had to supply an appraisal, just pics of the cars, assurance they are in a locked garage and an understanding of mileage limitations. Please let us know how this situation evolves as I am sure the gang here would like to know the final outcome.
BTW. Nice car you scored there. Is it black? That's the 2nd one I've seen in the last week; the other one being the one Jeff Helms recently bought. Saw it at MCACN. Neat car. Your's looks every bit as nice.
Dave
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