Appraisel ??Anyone got one yet???
- Thread starter AznStanger3v
- Start date
Travis...100.00 and it took about an hour to do...
He takes your VIN# and runs that, and gets data from other sources...I just want to cover myself against it being totaled and my Ins cutting me a 4k check or some BS like that...
I never really thought about "replacement" value, which is what the appraisel is giving...Mine has new paint and that adds some dinero right there...He scoped that right out...even said " you took this car apart to paint it, theres not a paint line on it"
He mentioned that anything else done to the car he should be contacted and he will update the appraisel for free....The guy was pretty cool and had some real horror stories to tell...
He takes your VIN# and runs that, and gets data from other sources...I just want to cover myself against it being totaled and my Ins cutting me a 4k check or some BS like that...
I never really thought about "replacement" value, which is what the appraisel is giving...Mine has new paint and that adds some dinero right there...He scoped that right out...even said " you took this car apart to paint it, theres not a paint line on it"
He mentioned that anything else done to the car he should be contacted and he will update the appraisel for free....The guy was pretty cool and had some real horror stories to tell...
YEAHLOH95
Founding Member
any word back yet ? i'm going to need to get mine done soon my ins is coming due before long and i want to change it first .
89MustangGX
I have nothing productive to add!
That's great that you got it done -- but it doesn't really mean anything until you get your insurance company to agree to it. No matter what your agent says or what some guy on the phone tells you -- unless you get a copy of your policy and it says "Agreed value $30,000" on it or similar, you're only going to get what they think it's worth according to their figures and calculations (which are for your average, everyday car)
The best you can hope for without that is that the company will negotiate with you to try and keep you out of court, which will cost them money. If you did go to court -- you would only end up wasting your time anyway, since the company is obviously not knowingly insuring a car with all the extra work you have put into it -- and they're not on the hook for that of course (once again, they only insuring the car the way it came -- which equals your average, everyday car).
Basically, without a good policy, you lose.
Now you have to start contacting companies and trying to find one who will insure your car with the appraisal.
If you have any questions -- just ask.
Good luck.
The best you can hope for without that is that the company will negotiate with you to try and keep you out of court, which will cost them money. If you did go to court -- you would only end up wasting your time anyway, since the company is obviously not knowingly insuring a car with all the extra work you have put into it -- and they're not on the hook for that of course (once again, they only insuring the car the way it came -- which equals your average, everyday car).
Basically, without a good policy, you lose.
Now you have to start contacting companies and trying to find one who will insure your car with the appraisal.
If you have any questions -- just ask.
Good luck.
Thanks for the input...As I mentioned, I was really kinda surprised when he threw those numbers out...Cool...yes...I put alot into the car and its sweet that he see's its value in that range..
Realisticly will I insure it for that...Nope...I'm just looking for something better than 4k if something goes South...
I was thinking I would be able to sit down with the appraisel and my agent and come to a mutual agreement on insuring it..Its odd as an adjuster for Liberty Mutual is the one who suggested I get it done...I told him I was insured by them...He made no comments like, Hey we wont cover you for the work you got into it...He just said it really needed to be done...
We'll see how it goes...
Realisticly will I insure it for that...Nope...I'm just looking for something better than 4k if something goes South...
I was thinking I would be able to sit down with the appraisel and my agent and come to a mutual agreement on insuring it..Its odd as an adjuster for Liberty Mutual is the one who suggested I get it done...I told him I was insured by them...He made no comments like, Hey we wont cover you for the work you got into it...He just said it really needed to be done...
We'll see how it goes...
89MustangGX
I have nothing productive to add!
Realistically, with some type of an agreed value policy for our situations with restrictions (as they typically are), you will see a decrease in rates even insuring it for the full amount.
I know that when I switched onto the antique/classic policy with my orange car, I kept the same coverage limits, lowered my deductibles, but insured it for my appraised amount -- and it literally cut my rates in half. That was mostly due to the restrictions placed on it -- which were no big deal for me anyway (not driving to school/work, kept in locked garage, that type of stuff).
Go for the full amount, don't sell yourself short.
I know that when I switched onto the antique/classic policy with my orange car, I kept the same coverage limits, lowered my deductibles, but insured it for my appraised amount -- and it literally cut my rates in half. That was mostly due to the restrictions placed on it -- which were no big deal for me anyway (not driving to school/work, kept in locked garage, that type of stuff).
Go for the full amount, don't sell yourself short.
Got the appraisel back today...Got two books with all the info....
I dont have a scanner so pic is the best I could muster....The book has couple pages of info and he took 14 pics.....Here's an idea of what I got...
He uses the words "enhanced" and such alot..he doesnt really put down all the specific parts/makes...
3 info pages like so...
And 14 pics from all over the car...
I dont have a scanner so pic is the best I could muster....The book has couple pages of info and he took 14 pics.....Here's an idea of what I got...
He uses the words "enhanced" and such alot..he doesnt really put down all the specific parts/makes...
3 info pages like so...
And 14 pics from all over the car...
89MustangGX
I have nothing productive to add!
89MustangGX said:
Thanks...now to see what my insurance company says???
Im really kinda surprised at the value...I never thought it would be this high...There a plentys of us with cars as pampered money pits as mine on this forum and there as some with way more $$$ put into em....Id say alot of people would get boned pretty hard if they got totalled...
wow thats awesome. I guess its a worthwhile investment to put down $100 to get it appraised. I'll have to look into that as well after I get some more things done on mine. Looks like you get points for having mods that help the car handel better.
94TURBO5 O
New Member
RIO5.0 said:
Damn dude nice appraisal amount!
Does this guy travel to VA? 
I had mine appraised 4 years ago for 13,500.00 before my 10K paint job so I wonder if that factors in a lot. My car was basically untouched when it was done, basically stock.
I would love to have one done like yours. It's very impressive the way they put that together for you.
BTW your car looks amazing!
94TURBO5 O
New Member
Policy cost update....
I got an email from my insurance today stating my appraised value of $30.500 was put on my policy...
Get this...the cost for the car, full coverage was costing 583.00 per year, the same policy with no restrictions at all is now 555.00 for the full appraised value..
Back 6 wks ago or so the girl told me it looked as though the policy was going to be cheaper...i just shrugged and said, you sure on that??? she said the underwriting dept had to review it...sure as jack she was correct....seems a policy is written going by your VIN numbers and those numbers automatically spit cost figures...when insuring for apprasied value your put into another bracket and the numbers change...All I did was give them a copy of the appraisel to have on file...
I thought i'd throw up the info for those who were interested in the bottom line..My carrier is Liberty Mutual for what its worth...To say the least i was amped when i heard the numbers...i spent 100.00 for the appraisel, my policy is 30.00 cheaper for a year and i get 30k for replacement...pretty sweet deal...
I got an email from my insurance today stating my appraised value of $30.500 was put on my policy...
Get this...the cost for the car, full coverage was costing 583.00 per year, the same policy with no restrictions at all is now 555.00 for the full appraised value..
Back 6 wks ago or so the girl told me it looked as though the policy was going to be cheaper...i just shrugged and said, you sure on that??? she said the underwriting dept had to review it...sure as jack she was correct....seems a policy is written going by your VIN numbers and those numbers automatically spit cost figures...when insuring for apprasied value your put into another bracket and the numbers change...All I did was give them a copy of the appraisel to have on file...
I thought i'd throw up the info for those who were interested in the bottom line..My carrier is Liberty Mutual for what its worth...To say the least i was amped when i heard the numbers...i spent 100.00 for the appraisel, my policy is 30.00 cheaper for a year and i get 30k for replacement...pretty sweet deal...
94TURBO5 O
New Member
OMFG I gotta get this done man!! I pay around the same for full coverage with GEICO and I could use a little discount-age. 
I'm seriously gonna start looking into this like now. I'm going to see if the body shop that did my car would know something.
I'm seriously gonna start looking into this like now. I'm going to see if the body shop that did my car would know something.
94TURBO5 O
New Member
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