North American Turbocoupe Organization

Insurance company is #$$%&$ us.
wbrco Offline
Been around a long time

My '88 got hit by the tornado in late May. The worst physical damage was broken tail lights and one hood scoop cracked. Obvious little dings/scratches etc.

After the adjuster did their job, the estimate came back at just over $4100.00.

The issue is that according to the insurance co, NADA only values a one owner 50K miles 88TC at $4000. I'm certainly disputing this, and have provided them recent sales from eBay, and listings from Craigslist.

As a collector organization, we need to start thinking about tracking completed sales so that we have a reference to guide future assessors.

From a personal standpoint, make sure you get classic auto "Agreed Value" insurance so you don't end up behind the 8 ball.

Soapbox mode off...

1988 TurboCoupe 5 Speed - 50,XXX Miles, stock as a rock. I drove it off the showroom floor in January 1989....

5.0TurboCoupe1988 Offline
Posting Freak
it's been that way ever since some guy came up with the idea of taking everyone's money and giving some of it back to a few of them. brilliant!
1988 TC 2.3/5-Speed, 148K

natmac3 Offline
usually they'll give you up to 70-75% and let you get it fixed yourself, without calling it "totalled".

tell them you can get it fixed for $3k and you'll take the check payable to You!

i've seen it done this way plenty of times.

Gary S Offline
I got mine insured with State Farm at an agreed value of $15,000 and it only costs me about $200.00 a year. Actually it was cheaper than the regular insurance on it. Obviously there are restrictions that go along with but mine is not a daily driver.
NATO Member
1987 Turbocoupe
168,000 Miles
5 Speed
Black w/Raven Interior

turbird77 Offline
Most Insurance companys go by a little thing called black book value, which will always be significantly lower than the "Market Price" of any given car. Siting the current market value of a car means nothing to them, they won't even listen 99% of the time. You can sometimes wring it out of them, but it will always involve weeks/months of litigation, so be prepared to pay for a lawyer.

Since you already are where you are, the best way to go about it here, is to have them cut you the check for $3-4K, and then fix it yourself. If you do it right, you will even have some money left over to upgrade the car afterward.

Like all my cars (I own 4 old cars), I have mine insured through Hagerty with an agreed value. The TC being $14K, I pay $223 a year. Only restrictions are that it cannot be a daily driver, or driven over 8,000 miles a year, and has to be stored in a garage during downtime. Since mine will never be a daily driver again, that won't be a problem. The car will also be stored in my friends car warehouse during it's downtime. A F5 tornado couldn't knock that place down.
88 TC - Work in Progress.

TurboE Offline
Posting Freak
I've bought the car back for 20% of the totaled price. It would be a salvage title I belive at that point, for someone that cares or cares for resale reasons.
-88 TC Black
5spd, Precision SC50 T3/T4, QH/SD Tune, Gillis, AFPR, 255FP, WB O2, K&N, Ported E6, 3" DP, ATR 2.5" Duals, 3:73 Rear, Konis, Eibachs, 18" Voxx Wheels, X Drilled Rotors.
-06 G35 Coupe Diamond Graphite
-97 Pathfinder

turbird77 Offline
Yep, I've bought a few back before, and depending on your states laws it most likely will acquire a salvage title at that point. It only kills the resale value for people who are looking for a Clean Car, otherwise it doesn't matter.
88 TC - Work in Progress.

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