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#6
01-20-2013, 02:57 AM
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Re: Original Paint Depreciation
As stated it is much better to spell it out in the contract before than to let the lawyers argue it later. I would think a classics insurance company could make quite a business by offering such policies.
As stated it would make the case of diminished value before any claims on the policy OR in case of being run into by a negligent driver and RUN OF THE MILL INSURANCE CO starts fighting over it, which is much more likely.
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~JAG~ NCRS#65120 68 GTO HO 4 spd Alpine Blue /Parchment 2 owner car #21783 71 Corvette LT1 45k miles Orig paint - Brandshatch Green - National Top Flight - last known 71 LT1 built. 71 Corvette LT1 42k miles Original paint - Black - black leather - only black LT1 known to exist. NUMEROUS Lemans blue Camaros, Monza Red and Daytona Yellow Corvettes & a Chevelle or two... Survivors, restored cars, & other photos https://picasaweb.google.com/lh/myphotos 
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