How to value my 70S for insurance purposes

[Sunbeam47]

I have a rough driver quality 1970 911S that I would like to get valued for insurance purposes and my question is what is the best method to get a real market value? I see the ask and sell prices of these S models vary dramatically and I honestly do not know what the value of my car is. I live in SoCal so should I be contacting guys like Wilhoit or European Collectibles? I don't want to sell the car just get a value. Thanks,

[pu911rsr]

hagerty.com

[LongRanger]

. . . what is the best method to get a real market value? . . .

My advice is to hire a professional/certified appraiser

You didn't mention whether your vehicle was currently insured or not. Most insurance carriers/underwriters require a proper appraisal --- photographs, descriptions, documentation, comps, etc . . . before they write a policy

Not sure if Wilhoit or EC do appraisals . . . but they should be able to refer you to someone

Cost = $200-$300 and is money well-spent . . . IMO

HtH

[mfitton]

In my opinion appraisal's are worthless. Go to hagerty and use their valuation tool. Come up with a number you would be satisfied with in a total loss. My insurance carrier Leland West required 4 pictures of my car and a picture of where it will be stored (no appraisal required).

[Sunbeam47]

Just checked Hagerty for a Condition 4 911S - seems like a lot of money and the cynical might believe that they artificially inflate the value to raise the premiums.

[popowitz]

In my opinion appraisal's are worthless. Go to hagerty and use their valuation tool. Come up with a number you would be satisfied with in a total loss. My insurance carrier Leland West required 4 pictures of my car and a picture of where it will be stored (no appraisal required).

I'm with Mike. Establish a value that meets your needs (below the ceiling of the accepted range) and insure to that value.

[Christian Guthrie]

Just checked Hagerty for a Condition 4 911S - seems like a lot of money and the cynical might believe that they artificially inflate the value to raise the premiums.

Do some research on what the cost would be to replace your #4 condition in the event of a total loss and you probably won't be too far off from Hagerty's estimate.

[LongRanger]

. . . In my opinion appraisal's are worthless . . .

Wonder what this Guy thinks . . .
http://www.early911sregistry.org/for...rsr+sacramento

[kentf14]

Just checked Hagerty for a Condition 4 911S - seems like a lot of money and the cynical might believe that they artificially inflate the value to raise the premiums.

I actually think that they come in a little low if you compare with the most recent published sales prices. Their valuation does eventually adjust, but seems to lag a little.
I think it ends up being about $1000/$100K of coverage. Not a bad deal all things considered.

Cover your car for whatever you'll be happy getting back if it were a total loss Sunbeam. You don't have to go all the way up to current market prices.

[boxster03]

I put in $200k declared value for 70S coupe living in LosAngeles county with car in garage and good driving record and hagerty premium was $1500 per annum - I say insure for as high a declared value you can and afford