Motorcycle appraisals in South Florida for Pre-Purchase, Financing, Insurance Replacement Value, Total Loss or Diminished Value.
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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 $$$$.
Why your boat needs a professional written appraisal. There are two basic types of boat insurance—“agreed value” and “actual cash value”, also known as "stated value." How depreciation is handled is what sets them apart. An "agreed value" policy covers the boat based on its value when the policy was written. While it may cost more, there is no depreciation for a total loss of the boat (some partial losses may be depreciated). "Actual cash value" policies may cost less, but factor in depreciation. Simply stated, the policy will only pay up to the actual cash value of the boat at the time it is declared a total or partial loss. Eventually, as your boat ages, your insurer will probably insist on an actual cash value policy, unless you provide a Replacement Value Appraisal
You take your Chevy Tahoe for a quick oil change and then you get the phone call! Is it totaled? Let's say your Tahoe is worth $28,000. In Florida, if the insurance company believes the cost to repair is close to 80%, or about $22,000, it's declared a Total Loss. But wait, there's more.....
Been in an accident in South Florida, and the insurance company has declared your vehicle a Total Loss? Be aware of the 'Appraisal Clause' in your policy, and invoke your right to an independent appraisal of its fair market value. Don't leave $$$$ on the table!
When you need to make a real estate insurance claim, you call a Public Adjuster. When you have an auto, truck, RV, motorcycle, watercraft or light aircraft insurance claim you need an Auto Appraiser. Just as the TV ad states "We know a thing or two because..........." https://southfloridacarappraisers.com/wrecked-car-value-miami-fl.html
The owner of this 2008 Porsche Turbo exercised his 'Appraisal Clause' right to have an independent appraisal of his 'Total Loss' vehicle. The ins. co. had it tightly wrapped to make the inspection difficult, but we prevailed! Vehicle totaled or damaged and now with 'Diminished Value?' Don't leave $$$$ on the table! Get it appraised!
Daily driver (Stated Value) insurance is well suited for your daily driver car that is depreciating in value, but your custom or restored collector car that is going up in value, needs different (Agreed Value) insurance coverage. Do NOT lump your daily drivers and collector cars on the same policy! In the event of a claim for your collector car, you could be greatly disappointed!
This one owner from new 1963 Chevrolet Impala was stolen from a car show in California! Reminder that all classic, collector and antique vehicles should have an up-to-date replacement value appraisal for their agreed value insurance policy. For auto appraisals in South Florida call/text: 786-853-0711
A very original 1969 Lamborghini Miura P400 S brought $1.6 million and was high sale at RM Sotheby’s 13th Annual London Auction on October 24. Is your collector car adequately insured? Get it appraised!
Motorcycle appraisals in South Florida for Pre-Purchase, Financing, Insurance Replacement Value, Total Loss or Diminished Value purposes. Whatever your motorcycle appraisal needs are in South Florida, John or Tom can help. Text/call: 786-853-0711