[s-cars] Re: [Audi20V_Kruemmer] INSURANCE ALERT: A call to arms

Martin Pajak Martin at quattro.ca
Tue Jan 27 15:35:24 EST 2004

I have had something like this happen to me.
This is why you should have the car appraised with the modifications and had your premium adjusted accordingly, I'll be doing this exact thing in spring to my 3B powered Ur-q.  
Don't want the same happening to me after hours of labour and $$$ in parts.
Usually it's up to you to tell them about your mods... otherwise your premium covers and reflects stock vehicle only.
You can try to have an outside appraisal to reflect the condition of the car (super mint etc. etc.)
Latly, you can hope they'll let you keep the car (at some cost).
Buy another one, transfer all your goodies to it, sell the engine and you mgiht actually be ahead (doubtful though).

Hope this helps and I know how it feels.

---------- Original Message ----------------------------------
From: brian bilotti <vinnieb2 at yahoo.com>
Reply-To: Audi20V_Kruemmer at yahoogroups.com
Date:  Tue, 27 Jan 2004 08:16:16 -0800 (PST)

>Dear S-Heads-
>The battle has begun... My insurance carrier has
>kindly offered me Blue book + $1000. Yes, that's
>roughly $12,000 for Edwin. I can hear the calculaters
>clicking... Most of you who have done any mods to your
>cars have a minimum of $2000 in brakes alone. They're
>hanging their hat on an endorsement that limits their
>liability to an additional $1000 over ACV. I ask you,
>what is ACV? Follow me here, I believe ACV is what a
>willing buyer and a willing seller agree on , not just
>what a '93 S4 is worth. So, you have car that has a
>new motor, new paint, all RS2 stuff, big brakes, new
>interior, bla, blah, blah, essentially a turn-key car,
>done. How much will the market bear? Ah, good
>question, certainly not how much $$ was put into it
>(cringing) but I believe certainly more than a stock
>'93 S4. That's what's going to be at issue here. 
>I spoke to an appraiser and he brought up a good
>point, try to find similar cars that sold say within a
>year. I know that's a stretch but that's why I'm
>asking for help. If you guys know of any modified,
>different levels ok, S-Cars that have sold, please let
>me know or put me in contact with the sellers off
>list. Remember, THIS COULD HAPPEN TO YOU, so let's get
>some precedence setting stuff in place NOW!!!!
>I also welcome any comments, suggestions, insights,
>Brian Bilotti
>800-675-7559 x108 w PST
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