The Pitfalls of Insuring a Modified Vehicle

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How much is a $500,000 gearbox/transmission worth? How much is a $500,000 gearbox/transmission worth?

The world’s most expensive car is at the center of a High Court battle between a dealer and an American collector, as a judge must decide who is entitled to the $48 million vehicle’s gearbox. Gregor Fisken, 55, a London classic supercar trader, bought the 1962 Ferrari 250 GTO in October 2017 on the understanding that its missing original gearbox would be sourced. However, when the seller, Bernard Carl, a Washington lawyer, failed to hand over the part, Mr Fisken sued for breach of contract.

What kind of auto insurance is right for you? What kind of auto insurance is right for you?

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!

1969 Lamborghini Miura P400 S sells for $1.6 million in London 1969 Lamborghini Miura P400 S sells for $1.6 million in London

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!

Total Loss 'Supercar' in South Florida. Settlement is $4.7k higher than Ins. Co. offer! Total Loss 'Supercar' in South Florida. Settlement is $4.7k higher than Ins. Co. offer!

Is the Audi R8 a 'Supercar' or not? The debate still rages! If it's 'Totaled' in an accident in South Florida the insurance company may delay, deny or underpay your claim! Be aware of the 'Appraisal Clause' in your auto insurance policy! Get a Prior-to-loss Fair Market Value Appraisal and receive full compensation. Text/call 786-853-0711 for details.

South Florida Pre-purchase car inspections South Florida Pre-purchase car inspections

This stunning 1954 Buick Century Convertible is now on its way to a new owner is California! Need a collector car inspected? https://southfloridacarappraisers.com/pre-purchase-inspection-miami-fl.html

South Florida: Stolen, crashed, trashed, recovered and Total Loss, all in one day! South Florida: Stolen, crashed, trashed, recovered and Total Loss, all in one day!

The insurance company offered $8,319 for the Total Loss of this 2011 Honda Pilot. After a Total Loss appraisal, the insurance company settled for $12,000. Car damaged in an auto accident? Visit https://southfloridacarappraisers.com/

Pre-purchase car inspection in South Florida Pre-purchase car inspection in South Florida

Looking to buy a used car, truck, motorcycle, RV or boat in South Florida? For details, call/text 786-853-0711

What is Diminished Value? What is Diminished Value?

If your vehicle has been in an accident, regardless of how well it has been repaired, it has suffered a loss of value, known as Diminished Value. To learn how to make a claim contact us at: call/text 786-853-0711 or johnl@autoappraisalnetwork.com

Buying or selling a collector car on Bring A Trailer Buying or selling a collector car on Bring A Trailer

Bring A Trailer is increasingly becoming the GO-TO on-line site to buy or sell a collector car. This No-Reserve 1967 Austin Healey 3000 almost complete project is going to a new owner in about 24 hours!

Monterey Car Week 2019 is over, with sales totaling $246 million — down from 2018’s $375 million total. Monterey Car Week 2019 is over, with sales totaling $246 million — down from 2018’s $375 million total.

Monterey Car Week 2019 is over, with sales totaling $246 million — down from 2018’s $375 million total. These auction houses have released preliminary totals.

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The Pitfalls of Insuring a Modified Vehicle