Dedicated to the Promotion and Preservation of American Muscle Cars, Dealer built Supercars and COPO cars. |
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#1
02-24-2021, 10:12 PM
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A friend had that situation happen a few years ago when an original paint 427 Galaxie rubbed against the ceiling of a transporter for 2500 miles.
It was a difficult argument to make then, but is somewhat easier now, with the greater visibility of sales of survivors, barn finds, etc. In the end, you would have to file a diminished-value type of claim, and then create an argument (hopefully with persuasive sales data) that the vehicle's status from unrestored original to partially restored car has intrinsically made it lose value. And you often have to convince insurance reps or laypeople who won't grasp that idea, especially since it may look "better" to them with fresh paint or newly chromed bumpers. 
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Tidmack (02-25-2021) | ||
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#2
02-24-2021, 10:44 PM
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Diminished Value
I believe one insurance provider was going to offer diminished value policy. There was talk but don't know if they ever offered a policy for this specific purpose. They are only original once so there is a need.
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Steve Shauger The Supercar Registry www.yenko.net Vintage Certification™ , Providing Recognition to Unrestored Muscle Cars. Website: www.vintagecertification.com
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Tidmack (02-25-2021) | ||
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#3
03-03-2021, 11:32 AM
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Quote:
I will check for sure on the diminished value, however I know that topic was discussed with me - As for survivors... I love them - any make or model, love seeing the way they were REALLY put together. I tell people looking that you need to make your list of must haves and then put them in order... My list after structural soundness were - Original paint, engine never out never apart, good clean original interior, completeness of $$ items, colors - I preferred Mulsanne over bright blue or silver over blue, options. If someone told me I would buy a Brandshatch Green LT1 I would have called them a liar, However it clicked my first 4 and the options list are great for solid lifter car - PS PB PW and M20 3.55 which I find to be a great drivers combo.
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~JAG~ NCRS#65120 68 GTO HO 4 spd Alpine Blue /Parchment 2 owner car #21783 71 Corvette LT1 45k miles Orig paint - Brandshatch Green - National Top Flight - last known 71 LT1 built. 71 Corvette LT1 42k miles Original paint - Black - black leather - only black LT1 known to exist. NUMEROUS Lemans blue Camaros, Monza Red and Daytona Yellow Corvettes & a Chevelle or two... Survivors, restored cars, & other photos https://picasaweb.google.com/lh/myphotos Last edited by firstgenaddict; 03-03-2021 at 11:47 AM.
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