Quote:
Originally Posted by lsmalley
I have uninsured motorist, but as stated before, it doesn't matter. To most of us on the forum, we know the value of our older MB, but to an insurance company a car that is 15 or even 20 years old is only worth pocket change. So unless I can keep the cost of repairs down to a few hundred dollars, the car will be totaled as the actual cash value to an insurance company is next to nothing.
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You are right on target, it doesn't take much to total our 190's. The trade in value of my one owner low mileage '93 is $654. And my '01 SLK230 isn't much better. At least I can get classic car insurance for my '71 Corvette for $40K agreed value coverage.
Good luck fixing your car.