Why Restomods need appraisals for insurance.
OK, so why do Restomods need an appraisal to get proper insurance coverage? A very popular basis for a Restomod is the first generation Chevrolet Camaro (1967-69). Currently the value of an original #3 Good condition base coupe is around $24,000. Recently we've appraised two Camaro Restomods with build costs of $280k and $403k, respectively. Without an appraisal on file, in the event of a total loss, these Restomod owners might receive an insurance settlement of just $24,000!
Protect your investment! Get it appraised! Call/text 786-853-0711
Tags
All blog car appraisal cars tires Auto insurance Safer driving Divorce appraisals Car consultant DiminishedValue Diminished Value VIN Vehicle Identification Number Collector Cars Appraisal Clause Pre purchase inspections Vehicle Inspections Charitable Donation Total loss Prior to loss Totaled car Wrecked car Modified vehicle Extended warranty Probate Estate settlement Boat appraisals Financing Stolen vehicle Auto theft Hyundai Restomod Amelia Island Auction Nissan Cadillac Auto accident Collector car math Porsche Stolen car Ferrari Agreed value insurance RM Sotheby Monterey Ford Thunderbird Pebble Beach McLaren Mercedes Austin Car Jokes Hurricane Dorian Flood Austin Healey BringATrailer Buick Audi R8 Motorcycle appraisal Lamborghini Most Expensive Car in the World Fair Market Value Datzun 240Z Barn find Ford Bronco South Florida Bullitt Mustang 1937 Cord Bugatti Chevy Tahoe Jaguar Rebuilt title car appraisal near me Boat appraisal Fair market value appraisal Triumph TR6 Auto Appraisal Tesla Florida Recreational vehicle Miura Pinto Veyron Yugo Trabant Koenigsegg collector motorcyle Bankruptcy Rolls Royce Charity Donations Polaris Slingshot Auto loan Merry Christmas Antiquecar Classiccar fordmustangfastback motorcargallery Alfa Romeo Chevrolet Tri-Five Race car Teen driving Excalibur Phaeton Fire total loss insurance settlements Ford Pinto Chevrolet Vega AMC Gremlin JDM Japanes Domestic Market Kuruma Imports Branded title Salvage title Dodge Durango SRT Hellcat NSX Ford Mustang Shelby Hurricane Ian Flood total loss Emission standards Citroen Peugeot Renault French cars Texas Ireland Joke Registration Dirtlegal Land-Rover Defender AMC Pacer southfloridacarappraisers BMW Depreciation Auto inpector car inspector Replica Tribute Clone Recreation Kit car Ford performance Prostate cancer Alvis Mens health Movember AACA Classic car financing 1959 Ford Fairlane insurance claim Car appraiser Car adjuster Repair shop Stated Value AppraisalClause AutoInsuranceSecret Classiccars Investments Astonmartin Volkswagen Harlequin Classic car color change Most satisfying car Least satisfying car Fridge Corrosion Beingparked Friction 5starrating Googlereviews VolvoFacebook Feed
Typically insurance companies offer 70 to 85 cents on the dollar for a total loss claim!
Typically insurance companies offer 70 to 85 cents on the dollar for a total loss claim. Be aware of the Appraisal Clause in your policy which allows you to challenge the insurance company's offer by hiring your own independent auto appraiser. Our results show that after our appraisals, insurance companies settle for an average of 19% more than their original offer. Protect your investment! Get it appraised!
Navigating Bankruptcy with Vehicle Valuation
Bankruptcy offers a path to regaining financial stability and starting anew. Yet, having recent bankruptcy on your record can complicate securing a loan for a new vehicle purchase. Keeping your current vehicle during this process often presents a simpler solution.
83 5 Star Reviews!
Thank you Joe for today leaving South Florida Car Appraisers - Auto Appraisal Network our 83rd 5 Star Review! Even our lowest rating was 5 Star! Unsure how that works if all 83 are 5 Stars, but we'll take it!
4 Things Silently Killing Your Collector Car
You click the ignition key one turn to the right. A quick twitch of the right foot to tickle the accelerator pump and set the choke. Another touch on the key and . . .Nothing! What should be a crescendo of 4-, 6- or 8-cylinders version of taps and stirring the car person’s soul awake is instead the painful silence punctuated by the soft click of the ignition cylinder returning to the off position. Wake up, it’s just a nightmare.
Most and Least Satisfying Cars
Possibly a few surprises here? If you currently drive a model on this list., whether you agree or disagree, kindly share your comments.
When does the ubiquitous white cargo van need an appraisal?
An appraisal for that white cargo van may be needed in various situations such as determining its value for divorce, bankruptcy, probate, diminshed value, total loss, insurance purposes, before selling or buying it, for financing, or for taxation purposes.
How does changing the original color of your classic car affect its value?
Changing the original color of a classic car can have both positive and negative effects on its value. Here are some key points to consider: 1. Positive effects: - A new paint job can freshen up the appearance of the car and make it more appealing to potential buyers. Click on the link to read on.
Does 'accident' on my Porsche's Carfax affect its value?
If your Porsche has an accident listed on its Carfax, it has almost certainly incurred some Diminished Value, and is worth less than an identical model in similar condition and mileage.
Are classic cars good investments?
Are classic cars good investments? Historic Automobile Group International (HAGI) Classic car market prices overall corrected during 2023. The HAGI Top Index lost 2.41% during December and 6.22% in 2023. Performance during 2023 should also be seen in context with financial asset allocation and performance. Despite several negative predictions from leading analysts, global stocks showed strong performance during 2023 with the S&P global 1200 up 20.68% in USD terms.
How to get insurance companies to pay for your ‘totaled’ car.
If you're tired of haggling with the insurance company to get paid for your car, motorcycle, RV, or boat claim, you need to invoke your right to an appraisal. All insurance companies in Florida, like most states, are required by law to have a policy clause called "The Right to an Appraisal" or simply “Appraisal Clause.”