01-13-2015, 10:22 AM
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CC Member
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Join Date: Apr 2009
Location: Little Rock area,
AR
Cobra Make, Engine: ERA Street Roadster #782 with 459 cu in FE KC engine, toploader, 3.31
Posts: 4,533
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Not Ranked
Quote:
Originally Posted by jhv48
Your car is only worth what it is worth at the time of the accident. No more, no less. If my cobra is totaled, it will be valued at whatever similar cars have been sold for in recent sales. State Farm would survey similar sales and then submit a bid to me. If I don't agree with their valuation, all I need to do is provide additional evidence to support my valuation.
Seems fair to me.
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As pointed out, this is exactly what you don't want on an antique, collector or special interest car. It may seem fair now - but when you try to settle on that basis you will in all liklihood be in for a major shock. Not good. |
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