Has your vehicle been in a wreck in South Florida? If the cost to repair is less than 80% of the vehicle's value, it is repaired and your vehicle had suffered Diminished Value. No matter how professional the repair, it's worth less than an identical vehicle with no accident history. If the repair cost is >80% of the value, it is declared a Total Loss. Either way, with an appraisal, we help you make a Diminished Value or Prior-to-Total Loss Fair Market Value claim with the insurance company to receive more $$$$.
Why your boat needs a professional written appraisal. There are two basic types of boat insurance—“agreed value” and “actual cash value”, also known as "stated value." How depreciation is handled is what sets them apart. An "agreed value" policy covers the boat based on its value when the policy was written. While it may cost more, there is no depreciation for a total loss of the boat (some partial losses may be depreciated). "Actual cash value" policies may cost less, but factor in depreciation. Simply stated, the policy will only pay up to the actual cash value of the boat at the time it is declared a total or partial loss. Eventually, as your boat ages, your insurer will probably insist on an actual cash value policy, unless you provide a Replacement Value Appraisal
Greater Fort Lauderdale, in South Florida, has been called the Venice of America (more than 300 miles of inland waterways) and the Yachting Capital of the World (more than 40,000 yachts call it home). Plus, the annual Fort Lauderdale International Boat Show is one of the largest events of its kind in the world. And Miami, 29 miles south, is not far behind! Thinking of buying or selling a boat? Protect your investment, get it appraised.
Looking for a 'car appraisal near me?' If car appraisal near you means South Florida, you've found us! Whether it's a Pre-purchase inspection, Replacement Value for insurance, Fair Market Value for pre-purchase, pre-sale, bankruptcy, divorce and probate purposes, Total Loss or Diminished Value following an accident, certified appraisers John Layzell and Tom Willhite are here to help.
When buying an older car, or one with a rebuilt or 'branded' title, most financing companies will request an independent Fair Market Value appraisal of the vehicle before approving your loan. Recently we've appraised two newer sports coupes with rebuilt titles in South Florida, a 2016 Jaguar F-Type and a 2018 Nissan GTR, and both loans were approved!
You take your Chevy Tahoe for a quick oil change and then you get the phone call! Is it totaled? Let's say your Tahoe is worth $28,000. In Florida, if the insurance company believes the cost to repair is close to 80%, or about $22,000, it's declared a Total Loss. But wait, there's more.....
Been in an accident in South Florida, and the insurance company has declared your vehicle a Total Loss? Be aware of the 'Appraisal Clause' in your policy, and invoke your right to an independent appraisal of its fair market value. Don't leave $$$$ on the table!
Whether you are buying your first collector car, adding one to you collection, or purchasing the whole collection, we can help with a pre-purchase inspection (PPI) and Fair Market Value appraisal in South Florida.
What's your car worth? https://bringatrailer.com/listing/1971-datsun-240z-124/