[s-cars] insuring the UrS4

[Marc Gorelick]

I have a "stated value" policy for both of my cars, an UrS4 and an SC'ed 
'91 Miata. This allows me to peg the value of the car to a dollar figure 
that I declare. I figure both are worth about $10k to me counting 
repairs and upgrades. Edmunds claims the Miata is worth $2000 and the 
Audi is worth $6500. Everyone on this list knows that you can't buy an 
UrS that isn't a complete mess for that kind of money, and don't get me 
started on the Miata--the 'charger and engine management alone are worth 
more than that.

So, the bluebook value of these cars is significantly less than I have 
into both of them.  I've already had to do battle with the insurance 
people when my previous Audi ('87 5000 CSQ) was totalled--some dirtbag 
in an F150 tail-ended it and made a big mess out of the rear end. They 
wanted to pay me $3500 for the car and I had at least double that into 
it. In the end I argued with them for two weeks and eventually was 
forced to accept about $4500.

HTH,

Marc

Alex Williams wrote:

>Just wondering how you guys insure your UrS4s -- do you go through a regular insurer like State Farm or Allstate, and insure the car for its book value, or do you use some sort of collector car insurance, especially if your personal investment in mods far exceeds its book value? 
>   
>  Alex Williams
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