12-06-2013, 11:22 AM
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CC Member
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Join Date: Oct 2000
Location: Crystal Lake,
IL
Cobra Make, Engine: Everett-Morrison, 434 cid
Posts: 977
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Not Ranked
I have Midwest Classic and the highest value they would agree to is a little over half of what I have in it. At least they raise it by 5% per year. I was given the option of having an independent appraiser determine fair market value, but that isn't the same as replacement cost.
The way I look at it, 50 cents on the dollar is a good return when I sell a race car and when I've wrecked race cars the return was zero. Though it's not a race car, I can live with 1/2 coverage...
Last edited by scottj; 12-06-2013 at 11:26 AM..
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