Help w/Appraisal Value

[69TowRig]

I am finally doing some things to get all my insurance policies back in order and I am looking at going to Hagerty but I know it will require an appraisal on my Blazer. It has been a really long time (close to ten years) since I was a regular here and seeing what vehicles are selling for and what the options/accessories add in. I am *shocked* at what the prices have done for things like tow hooks!

I am wondering if you guys can take a look at my list here and come up with what you think a minimum value would be that I need to shoot for. I think somewhere in my "five year plan" I will get to finally cleaning her up and finish putting her together.

1969 K5
Has original 307 V8, SM-330 3-speed, Dana 20, Dana 44, and 12-Bolt.
Original options list was very short: double-wall top, passenger and rear seats, chrome sport bumpers, lower door side trim, locking hubs, AM radio, courtesy lights, ammeter/oil pressure gauges.

For safety and modernization I converted it to power disc brakes (period booster/master, later axle parts), power steering (all period parts except for crank pulley), switched to later factory HEI (still have the original dizzy), replaced the cracked/broken '69 fender reflectors with the 70+ illuminated ones.

Condition: It is a driver, garage kept for the last twelve years. Needs windshield frame replaced and all the normal front rust repairs at the bottom of the A-pillars, outer rockers, and under the battery but I already have all the repair and patch panels to do it. The rust advancement essentially stopped when it went inside. Other than that the body is amazingly straight. The interior is okay, the carpet definitely requires replacement and I changed all the old cracked green vinyl parts to black ones from LMC and a new instrument cluster bezel. Everything works (lights, heat, etc.)

I have either added or have the period correct parts for:
T-case skid
Dealer fuel tank skid
Dealer swing-out tire carrier
Van AM/FM
Dealer CB
Seat Belt Console
Tow Hooks
Dual batteries
Dual horns
Blue dial hubs
Hand throttle

Aftermarket parts:
ECE Class IV hitch
LMC Dual Exhaust
2" Lift (not installed)
Period steel American Racing wheels and 32" tires
Period towing mirrors (they were on it when I bought it).

Thanks for any and all input. And no, she's not for sale!!!

[Classics Fan]

I currently have 3 classics from the 70’s insured through Hagerty. Each one is insured for an amount that I stated in their Guaranteed Value program and they have never required an appraisal. The most they have wanted on only one of them was pictures of interior, exterior and engine compartment. I’ve never filed a claim in the 12 years or so that I’ve done business with them and find their rates to be very reasonable. Their customer representatives are car people and the service has been great. I’d say figure out how much you want to insure your ride for, and give them a call for a premium quote.
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[CamTra]

Originally Posted by Classics Fan

I currently have 3 classics from the 70’s insured through Hagerty. Each one is insured for an amount that I stated in their Guaranteed Value program and they have never required an appraisal. The most they have wanted on only one of them was pictures of interior, exterior and engine compartment. I’ve never filed a claim in the 12 years or so that I’ve done business with them and find their rates to be very reasonable. Their customer representatives are car people and the service has been great. I’d say figure out how much you want to insure your ride for, and give them a call for a premium quote.
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I agree. I now have 3 vehicles with Hagerty and as long as you don't want more than $20K of coverage then you will not need an appraisal. Just doing a quick look over on your I don't think it'd be worth more than that. No offense just my opinion. I think you can't go wrong with Hagerty.

[a1vintage69]

Hagerty is great and they do an assessment on the phone and you send them pictures and a description of the condition and you both come up with a value that is realistic . also you can increase your covered anytime as you update the k5. yours might insure for around 8 to 12 grand but that's only a guess from your picture.rust is visible and it is also a 4x4 and a convertible so a little higher premium. tell them you are going to restore it and not hop up the engine and put a 6 inch lift on it and go wheeling that stuff is a liability to insurance companies. also it can't be your everyday driver unless you pay up. another thing you have to keep it garaged. drive under 2000 miles a year should be around $250 a year or more. let us know. a1

[simicrintz]

I have mine insured for $20,000, but have been offered much more for it. My concern is if something did happen and you are "uninsured" with a lower agreed upon cost you run out of $$$ before it is fixed. What are your guys thoughts on this?

[CamTra]

Originally Posted by simicrintz

I have mine insured for $20,000, but have been offered much more for it. My concern is if something did happen and you are "uninsured" with a lower agreed upon cost you run out of $$$ before it is fixed. What are your guys thoughts on this?

I also have mine insured for $20K. My intentions are to raise it once I finish the restoration or when I think I'm a good bit above the $20K limit. When I think I'm over I will spend the money to get the appraisal to make sure. But to me if you talking only a few thousand then it's easier to wait and take that chance. Just my $.02