Classic Ferrari worth millions stolen on test drive
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Has your vehicle been damaged in an accident? Total Loss, or repaired now with Diminished Value?
Whether you are buying a collector car from a dealer or private seller, and have the possibility of bringing in an appraiser to look at the car, it really behooves you to do so.
A 1962 Ferrari 250 GT SWB Berlinetta will cross the block at no reserve during RM Sotheby’s August 15-17 Monterey Auction.
An opportunistic car "collector" used a test drive to make off with a Ferrari worth $2.2million.
Find out what your car was worth prior to the accident. If you have been in an accident and it has been determined that your car is a total loss, your insurance company will need to pay to replace your car.
Tim M’s 2014 Kia Sorrento was stolen in December 2018, never to be seen again! His insurance company offered to compensate him $11,329 for his total loss. Tim felt this was less than fair market value so contacted us to help him. We advised him to inform his insurance company that he wished to invoke the ‘Appraisal Clause’ in his policy. We all have one in our policies!
No one wants to overpay for a boat, so how can you get a good idea of its worth? For popular production boats, there are a few places that can help. Nadaguides.com and www.bucvalu.com list values of hundreds of models. Keep in mind that estimates from any service presume clean boats typically and appropriately equipped, with everything in proper working order.
Not too many years ago, if a buyer was looking for a certain type of vehicle and found one advertised more than an hour's drive away, that person probably didn't buy it! Today, however, with the evolution of companies like eBay, BringATrailer, Facebook Market Place and other specialty sites, things have really changed!