Rocky Mountain 356 Porsche Club
|
Rocky Mountain 356 Porsche Club |
| HOME |
Rocky Mountain 356 Porsche Club
OVERSTEER
What would it
cost to replace your 356?
By Gary Moschetti By now you’ve heard enough about my recent accident.
I won’t bore you with more detail, but something came out of it that
might interest you. The ’35 Ford I
was driving was insured with a well-known company for an Agreed Value.
The car is a total loss and can’t be repaired. So, if I still want a hot rod, I have to replace it. My ’59 356
Coupe is insured with the same company, also for an Agreed Value.
As I researched my options to replace the hot rod, I quickly realized
that the 356 was insured for about one-half of its replacement value.
Are you in the same boat?
Here’s how it works: Let’s say you
have a 1962 B Coupe. It’s not an
all-out show car but the numbers mostly match, it has good gaps, the paint and
upholstery are presentable and it runs great.
You bought it ten years ago.
You’ve worked on it and spent on it to where it’s become a really nice driver.
When you bought the car you knew that Agreed Value was the way to go with
insurance. So, you had it insured
for an Agreed Value of $20,000—a figure you came up with ten years ago when the
insurance company asked what you thought you could sell it for.
You tossed off “$20,000” expanding the truth by a few thou.
The figure was in your favor, the insurance was cheap and you haven’t
thought about it since.
Your luck held until today, when your 356 was lost or destroyed; let’s
say it was stolen. The insurance
company will settle very quickly and soon you’ll have $20,000 in your pocket.
Great!
Just go buy another one, right? Well,
no. The problem is
that in today’s market, it will probably cost $30,000, likely $40,000, maybe
even more, to replace your “$20,000” car.
So, unless you feel good about contributing an
additional $10,000 - $20,000 to buy a car like the one you just had,
your days as a 356 owner could be over.
Sure, you can bank the $20,000 but that still leaves you without a 356.
Either way, you will never see the $10,000 - $20,000 of appreciated value
your car earned over the past ten years.
Kinda takes the fun out of it, don’t you think?
Please, get out the latest “356 Market Update” issue of Excellence, go to the web sites and then go shopping for your own car. Don’t forget to put a replacement value on any improvements, modifications or unique attributes of your car. Be very familiar with current prices and give your insurance a call. Be persistent; get an agreed value—just make sure it’s an amount you can take into the real world and buy a car that’s as good as the one you have right now. Do that and I bet you won’t mind the premium one bit!
13
Update on "Modern Street Tires for Porsche 912 (and 356) - using 4.5 x
15 Rims"
Andy Keller About a year ago I reported on the process of selecting modern tires to
replace 165R15 tires on 4.5 inch wide rims for street use.
Among my criteria were good handling high-performance tires, good fit on
the 4.5" wide rims, and close to the outside diameter of the original tires,
25.4”. Out of about five choices, I selected the Falken ZIEX ZE-512 tires in
the 195x65R15 size. They were
highly-rated in a November 2006 Consumer
Reports (CR) tire test, and a good value.
(The November 2007 CR tire test shows a different model.) Now for the results of my road testing. They work fine, and even better after I noticed while
cleaning them, that they are directional.
In the correct positions on my 912 they track better. 7DEC0 ********************************************************************************************************************* 13 Rocky Mountain 356 Porsche Club OVERSTEER
December 2007
Repeated
by request – Ed. 12 |
|
|
