Few years ago bought a sorta-semi-decent restored 67 RS...
In the past year I did a bunch of work to it (BBC, overdrive, 12bolt, new wiring, new interior, wheels/tires, disc brakes, etc, etc, etc). I'm certain my cost to replace/rebuild the car would exceed what I could sell it for.
I need to call and talk to my insurance agent on Monday if they're open and change my policy since my car is drivable again.
Is agreed value what it would cost you to rebuild a car to same fashion, or what you could buy one for (assuming you could find one)?
Any guesses to value?
1967 RS (not originally)
Good/Decent paint - no rust
GM Performance ZZ454
Disc brakes
Detroit Speed coilover conversion and subframe connectors (powdercoated SF)
Moser 12 bolt
Vintage Wheel Works V45s
Kenwood/Infinity sound system
AAW wiring harness front to back
New interior gauges, carpet, 3 point seatbelts, etc.
Reupholstered 2001 Camaro seats
Lots of other bits and pieces
Lots and lots of hours of loving labor

-Scott

My experience with agreed value is, the 1st year I placed a value on my car and submitted it along with pictures to the ins co. They used their resources (gold book, Nada etc) and OK'd the value with no appraisal and set the policy premium. The next year at renewal I increased the value, they again checked their sources and adjusted the policy premium in accordance. It's been several years of this and never have they balked at the value I set, they just increase the cost of the policy as the value goes up.

ditto

Dennis and Jim are right on and my experiences with agreed value coverage is the same. Just make 100% sure you are using a true "agreed value" policy from a company that specializes in antique and collector cars like American Classic, Hagerty, Grundy, etc. Too many people have not been insured properly and when they have a loss they get upset with the insurance company when it was their own fault that they weren't covered fully and/or properly.

BTW, I work for GEICO and use American Collectors for my Camaro's but my daily driver Elky is on my regular GEICO policy. I understand and accept the risks of losing money in the event of a total loss because it is NOT an agreed value policy that GEICO provides.

As for your question of value....you need to decide what it's worth to you, give that # to the company of your choice and see if they argree.

keep on this, too. Much easier if you do like Dennis and adjust every year. I ignored mine for 6 years, now I'm trying to double it and they want additional info and an appraisal.

Excellent answers. Thanks.
Scott

I did the same as Dennis for my Yenko Tribute, starting before the car was finished. However, this year, I asked for a bump from 45 to 55, and they balked. They checked my file and found that the only pics they had were before completion. (Painted but no interior, no windshield, etc.) They asked for current pics, which I supplied, along with a 2 page list of NOS parts, hard to find Yenko correct parts, etc, and they upped it, without further question.