Appraisal Question
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Senior User
Joined: Apr 2001
Posts: 321
Likes: 1
Appraisal Question
Hey all,
I am trying to get this cheap "silver wheels" insurance for my old truck (79 F100 2WD, you can see it in my gallery if you are interested). This insurance is much cheaper that normal insurance, and can only be used on "pleasure vehicles".
The catch is I need to get an "appraisal" before I can get this insurance.
How does the appraiser set the value? Should I show him all the receipts for all of the work I have done? Do I have any say in the appraised value he assigns? Should I tell him I did the work myself, or will that lower the value?
Never done this before so I am not really sure what to expect.
Thanks for any advice,
-Brents
I am trying to get this cheap "silver wheels" insurance for my old truck (79 F100 2WD, you can see it in my gallery if you are interested). This insurance is much cheaper that normal insurance, and can only be used on "pleasure vehicles".
The catch is I need to get an "appraisal" before I can get this insurance.
How does the appraiser set the value? Should I show him all the receipts for all of the work I have done? Do I have any say in the appraised value he assigns? Should I tell him I did the work myself, or will that lower the value?
Never done this before so I am not really sure what to expect.
Thanks for any advice,
-Brents
Cargo Master
Joined: Jul 2000
Posts: 2,281
Likes: 18
From: Northern California
Appraisal Question
>Hey all,
>
>I am trying to get this cheap "silver wheels" insurance for
>my old truck (79 F100 2WD, you can see it in my gallery if
>you are interested). This insurance is much cheaper that
>normal insurance, and can only be used on "pleasure
>vehicles".
>
>The catch is I need to get an "appraisal" before I can get
>this insurance.
>
>How does the appraiser set the value? Should I show him all
>the receipts for all of the work I have done? Do I have any
>say in the appraised value he assigns? Should I tell him I
>did the work myself, or will that lower the value?
>
>Never done this before so I am not really sure what to
>expect.
>
>Thanks for any advice,
>-Brents
I just posted a related question, but I didn't see where the truck had to be appraised. I was looking at the 'agreed value' policy.
http://www.americancollectorsins.com
It comes up anywhere from $137 to $500 depending on a value of 5K to 20K and deductables from 0 to 1000.
do you have a web site for this 'silver wheels' place? I'd like to compare.
>
>I am trying to get this cheap "silver wheels" insurance for
>my old truck (79 F100 2WD, you can see it in my gallery if
>you are interested). This insurance is much cheaper that
>normal insurance, and can only be used on "pleasure
>vehicles".
>
>The catch is I need to get an "appraisal" before I can get
>this insurance.
>
>How does the appraiser set the value? Should I show him all
>the receipts for all of the work I have done? Do I have any
>say in the appraised value he assigns? Should I tell him I
>did the work myself, or will that lower the value?
>
>Never done this before so I am not really sure what to
>expect.
>
>Thanks for any advice,
>-Brents
I just posted a related question, but I didn't see where the truck had to be appraised. I was looking at the 'agreed value' policy.
http://www.americancollectorsins.com
It comes up anywhere from $137 to $500 depending on a value of 5K to 20K and deductables from 0 to 1000.
do you have a web site for this 'silver wheels' place? I'd like to compare.
Posting Guru
Joined: Jul 2001
Posts: 1,914
Likes: 1
Appraisal Question
For my Mustang it was pretty straight forward. The insurance agent suggested a guy that does nothing but restore cars and he is a certified appraiser. I take mine every year only because the value of mine has changes significantly over the last ten years. It cost me 60. for the appraisal.
Senior User
Joined: Mar 2002
Posts: 297
Likes: 0
From: Canada
Appraisal Question
Be sure to find a reputable appraiser. It seems that there are people out there that spend 20 minutes on the computer and charge $50 or $60 bucks and call it an appraisal.
I just had my car done and the appraiser used 50% of my total reciepts and the value of the car (based on several they found for sale in similar condition etc.) and combined them to come out with a value. It's still about half of what I've got into it but its not highly colectible like mustangs or 50s vehicles (yet).
I just had my car done and the appraiser used 50% of my total reciepts and the value of the car (based on several they found for sale in similar condition etc.) and combined them to come out with a value. It's still about half of what I've got into it but its not highly colectible like mustangs or 50s vehicles (yet).
