Cobra Value Loss Due to Accident

[Cashburn]

Originally Posted by DAVID GAGNARD

Actually LOV or Loss of Value has nothing to do with the shop, the repair bill (estimate) and loss of value are two seperate things...
The shop will be paid by the insurance company for their repair work and the owner of the car will be compensated by the insurance company for LOV, or what they feel the car is de-valued because of the damage!!!!!!!!!!

Yeller53, it all depends on a number of things.....
age of the car
amount of damage
area of damage (ie: is it just replacing a body or body panels or does it have frame/suspension damage?????

You could/would deal from a better point if you have an appraisal of the car's value before the accident,such as an agreed-on insurance policy with a "stated value".... After the car is repaired have it appraised by a competent shop/dealer and see where you stand.....

On your wife's daily driver, if it was one year old or less than one year old, you could expect roughly 20% of the A.C.V...........On a replica Cobra, I have no idea, but 20% would be a good starting point.........

David

My mistake. But as others have stated make sure it is part of your or their policy. It is a difficult thing to get on a specialty car.