How much did it cost?

[Rascl93]

Ok - question for all you gurus out there. My insurance company wants to know how much my cart cost new. Not what I paid for it, or what it could be sold for, but how much it was new. It's a 1992 Yamaha G9 gas. Anyone have a clue or know where I might find out?

Thanks.

[hotmomma]

Wow what the heck?...Have you tried to contact a dealer in your area, they may have something like that on record. Other than that I dont have a clue that was 17 years ago! Good Luck!

[Rascl93]

I know - can't imagine how many people have owned it since then. I figured they would want what I paid for it and its value since I was getting full coverage with replacement. Who knows.

[hotmomma]

...I would think that what you have invested in the cart would be higher than the original price unless the cart is all original with no upgrades done to it.

[SP-Electronics]

Since you are going with a replacement contract, they probably need to know the original value, so they can compensate accordingly, if it comes to that. They'll devalue as necessary based on age, etc.. Just give them a # you think is fair, considering what you have invested, plus a slight markup, to make up for the devaluation they'll assign... lol

What's a new one go for now? I'd say it'd be pretty comparable to what yours was when it was new, but yours might have been MORE at the time...

Tough one really.

[Rascl93]

Of course they have no idea. They want to say $2500 - I can't buy a new one for that.

[hotmomma]

Originally Posted by Rascl93

Of course they have no idea. They want to say $2500 - I can't buy a new one for that.

Heck no you cant get a new one for that!

[Rascl93]

I can barely buy a used one for that let alone the lift, tires & paint.

[SP-Electronics]

Originally Posted by Rascl93

Of course they have no idea. They want to say $2500 - I can't buy a new one for that.

No, but you can buy another used one for that (yours isn't NEW is it?), and build it to suit your desires. Likely it'd still cost more than that, but you can't expect a brand new one to replace an "old" one. You can however request market value for how it's equipped (used cart value, plus all parts). If you buy a used CAR you don't expect the insurance company to replace it with a brand new model do you? :)

Forgot in the other post to say that you need to make sure you get EVERYTHING IN WRITING, showing the actual coverage, or when/if the time comes they'll find a way to screw you.

[Rascl93]

Originally Posted by SP-Electronics

No, but you can buy another used one for that (yours isn't NEW is it?), and build it to suit your desires. Likely it'd still cost more than that, but you can't expect a brand new one to replace an "old" one. You can however request market value for how it's equipped (used cart value, plus all parts). If you buy a used CAR you don't expect the insurance company to replace it with a brand new model do you? :)

Forgot in the other post to say that you need to make sure you get EVERYTHING IN WRITING, showing the actual coverage, or when/if the time comes they'll find a way to screw you.

SP - you are probably right, and $2500 would get me pretty close to what I have in it. $1100 for the cart, $300 for the lift kit, $350 for the wheels & tires, maybe $50 in paint and other crap - that's only $1,800. I can still spend more before I get to "replacement value".