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Old 11-30-2007, 02:19 AM
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coleyjf coleyjf is offline
Old dog - new tricks
 
Join Date: May 2005
Location: East Midlands of the UK
Posts: 264
Insurance value

Hi
In the UK ( and Europe as far as I know) if you use a Classic Car insurance specialist they will provide a promised Guaranteed Value on "Classic cars" of which the 107 in included. They either get the Mercedes Club or an accepted valuer to give a value on the car and they construct an insurance around that.

Do they have such specialists in the US - As insurance companies are mainly international I would have thought you should be able to find such a company locally - I got my company from the Mercedes Club of Great Britain so I assume there's an equivalent "over there" for example my 1988 300SL was valued at minimum £15k ($30k US) and it's covered for that value - the current "going price" in the classic car press for it is about £17.5K so I'm going to up the value next year but will have to get a re-valuation for the insurance company.

Hope this helps

Cheers

Jim
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