Auto appraisal for insurance coverage
 

Looking for auto appraisal recommendation?
I am in NH.
Previously used James Martin RIP.
Thanks Tom.

Re: Auto appraisal for insurance coverage
 

Just curious why you would need an appraisal - great insurance policies are to be had for "agreed value" which greatly simplifies your covergage - so if you feel comfortable with say a $50,000 value - the underwriter will calculate the rate based on that agreed value - the premiums are amazingly low for the value you get and quality companies are available and well rated with good claims history. I'm sure you will get many recommendations on various companies from fellow barners.

Re: Auto appraisal for insurance coverage
 

Yes to above; but he has to get appraisal to show insurer what value is so they can agree.

Re: Auto appraisal for insurance coverage
 

I didn't need an appraisal for grundy, I took my car to the insurance salesman, and told him what I wanted to insure it for, they have an appraisal book they can look at different rates, if its modified higher costs, I have a 57 chevy 4dr I was going to have it insured for $10,000, he said it was worth more, $14000, and so I went with $14000, no problem

Re: Auto appraisal for insurance coverage
 

I also have Grundy. Sent them pictures and a copy of the title. I had a value in mind and they agreed, Simple, no problems.

Re: Auto appraisal for insurance coverage
 

Hagerty, how much? NO appraisal needed. Pick a number, pay that premium. They wanted pictures.
Paul in CT

Re: Auto appraisal for insurance coverage
 

Have insured many cars with Agreed Value option ... never required an appraisal including the current 35 Coupe

Re: Auto appraisal for insurance coverage
 

std 1940, Try Pauls Executive Cars Manchester N.H.

Re: Auto appraisal for insurance coverage
 

I insured my car with my regular insurance State Farm for agreed value.
All they wanted was a few photos.

Re: Auto appraisal for insurance coverage
 

Same with Condon and Skelly.

Re: Auto appraisal for insurance coverage
 

Re: Auto appraisal for insurance coverage
 

Might be talking two different things here, there is "agreed value" which is what both parties agreed to and that amount determines payments. Then there is "appraisal value" with the value set by an appraiser and that amount determines payments. But I have not heard of both mixed together. Guess it is possible, but they are two different approaches to establishing insured amount.

Re: Auto appraisal for insurance coverage
 

Same here.

If you want a high figure check out the NADA Classic/Antique car guide they seem really high, at least to me.

Re: Auto appraisal for insurance coverage
 

State Certified Appraiser of Vintage Automobiles:

Gerald C. Linen
Professional Adjustment Services
6 Appaloosa Ct, Waterford NY 12158
(518) 237-1884

In NY State insurance companies must be State Certified. My MetLife company subcontracts its insurance of vintage autos to a specialty national company and the State requires an inspection and certified appraisal by a State Certified Appraiser. To avoid fraud, State Insurance Laws do not allow "over-insuring" property beyond its appraised value. MY '47 is appraised above 22,000 and my annual rate is under $400. including an elected up-grade in collision coverage. Contrary to what Clerks at NYS DMV offices may tell you, NYS has no laws that limit annual miles driven by vintage autos, and neither does my insurance company.

Re: Auto appraisal for insurance coverage
 

some ins. co's want an appraisal if the valve is over $20K

Re: Auto appraisal for insurance coverage
 

A lot of good information!
Keep it coming.
I like the documentation that is listed in appraisal package.
Tom.

Re: Auto appraisal for insurance coverage
 

Hagerty just wanted pics of mine and we agreed on a price.

wbedwards

Re: Auto appraisal for insurance coverage
 

Agreed Value = you and the insurance company agree on a value and you pay premiums based on that agreed value. In the event of total loss they write you a check.

Stated Value = you tell the insurance company what its worth and they write a policy based on your statement. If you have a total loss you need to prove to the insurance company the car had the value you stated, otherwise they pay a lesser amount based on "car was not actually worth the amount the owner stated". They will use 'Blue Book' or some such thing to lower your claim.

Re: Auto appraisal for insurance coverage
 

What about insuring an A-V8? My is not OEM by any means , but lots of $$$ to replace. Not counting the thousand free labor hours.

Re: Auto appraisal for insurance coverage
 

A large number of these cars/trucks are modified these days, don't think that is an issue with most insurers.

Re: Auto appraisal for insurance coverage
 

We had a '37 PU once that looked stock but had a Ford 302 V-8. I had Country Companies at the time. They insured the truck all was well until one day the agent wanted a picture of the engine compartment. After I sent it in, they dropped me like a used Kleenex told me to go somewhere else:eek:

Re: Auto appraisal for insurance coverage
 

I guess you have to get all in writing from the insurance company, what they will and will not cover.
Anyone out there have a Hot Rod insured?

Re: Auto appraisal for insurance coverage
 

My Ford 35 3 Window is considered "modified" ( read "Hot Rod") because of the high horse S.C.o.T blown flathead and some other subtle changes - I have it insured with agreed value - I read the policy from cover to cover and very comfortable with the coverage.

Re: Auto appraisal for insurance coverage
 

I have a restored '67 Corvette with a small block. As I said before, I have my cars insured with Condon and Skelly, who I hear are very good. (I have had no claims, but have talked to some people who have that are very happy.) I have been with them for over 25 years. Anyway, this last go round I decided to finally insure the Corvette for what I thought it was really worth. I used the car valuation link on their site and it gave me a low value of 65K and a high value of 122.5K(!!??). This for a small block car! I called them and asked them to raise it from 25K to 65k (I am a realist). No additional photos, no appraisal, no stupid increase in rates, and no problem. I was amazed. I think that if you've been with a quality company long enough, they take you at your word and let you insure it for anything you want just for the increased premium (actuarial justification).

I also know of an egotist with a 15 year old Prowler that wanted it insured for 35k (these are 20K cars, max). As long as he paid the premium, they were OK with it. As a final note, I am amazed at how low the rates for antique cars are for agreed values policies from major companies.

recommendations of insurers of collector cars
 

What company do you recommend to insure a collector car; I have a 1940 ford in Texas?

thanks,

fordman

Re: Auto appraisal for insurance coverage
 

You should just read through the thread again. In my opinion, all the good ones are mentioned a couple of times each. Some may not be available in your area.

Re: Auto appraisal for insurance coverage
 

Like PeterC, I have a modified car (hot rod). Only question I was specifically asked was about the engine. Was it still flathead powered? Yes was my response. No problem. I did provide several pictures
Had it been some other late model OHV engine, I think their (Ins Co.) answer would have been different.
My insurance is thru Grundy. Good company, good rates

Interesting question re the AV8
I have no idea what Ins Co would want/require