Incoming 420R, California

[Vovchandr]

9 minutes ago, hahuang65 said:

May I ask why this is an issue? I think I need some education around this. 

 

Because in a worst case scenario the car now has some arbitrary value that some adjuster is going to come up with who doesn't have a dog in the fight and isn't typically on your side. It's an obscure car without a KBB value and without even equal comps if you really get into nuance of year differences, models, engines, limited runs, special seats. In my case it's a Zetec with a sequential transmission which has high real world cost to re-create but no direct comps and certainly not something adjuster will care for. 

 

It's just simpler for me to name a price that I know it will take me to be whole again instead of bickering with an agency over why I think they need to pay me what I think it's worth and not their offer. My price would include labor to do things I'd need changed and shipping it as I wouldn't find one local etc. 

 

I really wonder what the buy back value of a totalled 7 would be. 

Edited August 27 by Vovchandr

[hahuang65]

@Vovchandr thanks for explaining. That makes sense.

[KnifeySpoony]

I use Hagerty. But it's an agreed value, full coverage setup.

[empti]

I used Progressive with agreed value & full coverage/high deductible. 

[pethier]

2 hours ago, Vovchandr said:

 

Because in a worst case scenario the car now has some arbitrary value that some adjuster is going to come up with who doesn't have a dog in the fight and isn't typically on your side. It's an obscure car without a KBB value and without even equal comps if you really get into nuance of year differences, models, engines, limited runs, special seats. In my case it's a Zetec with a sequential transmission which has high real world cost to re-create but no direct comps and certainly not something adjuster will care for. 

 

It's just simpler for me to name a price that I know it will take me to be whole again instead of bickering with an agency over why I think they need to pay me what I think it's worth and not their offer. My price would include labor to do things I'd need changed and shipping it as I wouldn't find one local etc. 

 

I really wonder what the buy back value of a totalled 7 would be. 

I go Hagerty agreed value & full coverage.

[CBuff]

Hagerty agreed value.  State Farm and Allstate etc couldn’t figure it out in New York.  My rates actually went down since I initially was quoted from Hagerty as a “caterham”. But when it was titled in New York as a specially constructed vehicle rates went down by 20%. I was very clear with my paperwork of the origins of the car.  Hagerty said “if that’s what ny calls it then that is what it is”. 

[Nocturnal005]

thanks for all of the insurance tips! I asked state farm for a quote for one way. Let's see what they come up with. 

 

My thoughts on the one way. Car won't be left anywhere, chances of theft and damage hopefully low. If I end up hitting someone, i'll end up repairing the car myself anyway and it's my mistake that I should pay for. If someone hits me, their insurance will pay (unless uninsured). Likely any mishap would be on the track, which would not be covered anyway. 

 

So, wiling to take my chances to have a lower monthly recurring cost. Let's see what the savings diff would be. 

 

I added this finishing touch today, inspired by Caterham's 620R demonstrator. 

 

Edited August 27 by Nocturnal005

[KnifeySpoony]

1 hour ago, Nocturnal005 said:

(unless uninsured)

 

 

Don't underestimate the likelihood of this...

 

Seems most people just hit and run these days too.

Edited August 27 by KnifeySpoony

[CBuff]

My daily just got hit while parked by a New York DOT employee minivan.  Apparently New York self insures (ie no insurance). They advised me to mail a letter to the comptroller of the city. And they would respond in 4-6 months. Also advised they would likely pay a portion of the invoice.  So I went thru my insurance - $17k in body work later the car is back.  Still fighting with the insurance and the city to get my $1000 deductible back. Which is more about the principle of the matter than the money.  Totally ridiculous. 

[Nocturnal005]

I got a quote this am, see below. Sharing in case this helps others. 

 

Was always curious how Hagerty or other car insurance compares so if you are willing to share that would be great. 

 

For reference I live in the bay area, CA. 

 

[hahuang65]

@Nocturnal005 mine is similar. in Houston Texas area

 

[Slonie]

Get a quote from Hagerty, if you're driving few (compared to a daily driver, anyway) miles per year at least I can tell you it'll be a lot cheaper than these guys.

[hahuang65]

1 minute ago, Slonie said:

Get a quote from Hagerty, if you're driving few (compared to a daily driver, anyway) miles per year at least I can tell you it'll be a lot cheaper than these guys.

Do you have a quote? When I did it a month ago I got quoted $2k a year

[speedwagon]

back in 1964 I quit buying collision insurance carry liability only. If you pay them do do your work it costs more and doesn't get done right. Over the years , the savings have helped me retire in glory.  john    (any solution to are health care problem that includes insurance companies--is not a solution!!) 

[Nocturnal005]

As of last week I've 100% completed the grueling SB100 California reg process. For reference I started registration in mid April and finished the last week of August. Most of that time was spent waiting for appointments: safety inspection shop, CHP Vin verification, BAR virtual and in-person appointments. The DMV caused me some time by giving inaccurate information regarding VIN verification (5+ hours at the DMV wasted). But now I have a crookedly applied sticker that says my car is smog exempt for life, and a license plate! If any of you are struggling through the same process I can offer some advice and moral support. I can say having gotten to the other side it was totally worth it. All in all my Caterham build adventure has taken me 6 months (a month to build, and 5 months to get the car legal for the road). Hopefully smooth sailing from here on out!