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#1 |
Registered User
Join Date: Dec 2001
Location: harvard, il. USA
Posts: 389
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Appraisal for insurance
Tried to change the insurance coverage but the ins co says they need an appraisal. I've never done this before. What should I look for in an appraisor?
What questions should I ask? Anything Im missing, but do not know to ask? TIA....don t. ..... |
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#2 |
Old Skool Club
![]() Join Date: Jun 2001
Location: Benton, AR "The Heart of Arkansas"
Posts: 10,880
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Re: Appraisal for insurance
If you know someone in the car business, you might ask them. There was a question on here yesterday, asking how NADA determined their published values. So, check out www.nada.com and go to their used vehicles tab and select your vehicle and year and model.
Stated-value coverage on my '67 Impala convertible (back in '80) was $3500, based on an appraisal by a car lot that my agent would accept. That was more than I had in it, so I was good-to-go.
__________________
Member Nr. 2770 '96 GMC Sportside; 4.3/SLT - Daily driven....constantly needs washed. '69 C-10 SWB; 350/TH400 - in limbo The older I get, the better I was. |
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#3 |
Registered User
![]() Join Date: Sep 2010
Location: Richmond, Va
Posts: 573
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Re: Appraisal for insurance
My company asked for a stated value and either pictures or come by for them to look at it. I put it at 18000.00
Last edited by dmwphoto; 10-11-2010 at 05:31 PM. |
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#4 |
Senior Member
![]() Join Date: Feb 2001
Location: New Madison, Ohio
Posts: 21,365
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Re: Appraisal for insurance
Like has been said. I put a stated value on my truck...sent pics... and I am covered. I went with Haggerty.
__________________
A husband can be right...or...A husband can be happy. ![]() 67-72 Chevy and GMC Trucks...The Classic Truck for the Classic Folk. ![]() 1970 CST Two tone green, 402BB, 400 Automatic, Tach, Buckets, AC, AM-FM, Tilt, GM CB, GM 8 Tract, LWB, etc ![]() ![]() JOHN 17:3...The better side of "LIFE" Remember: Everyday is a good day...Some are just gooder! |
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#5 |
Registered User
Join Date: Jan 2010
Location: Guilford,CT
Posts: 41
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Re: Appraisal for insurance
x2,Hagerty
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#6 |
Registered User
![]() Join Date: Sep 2010
Location: Largo, Florida
Posts: 13
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Re: Appraisal for insurance
Chrome insurance company = stated value to 21K, I took picks of engine, interior, and 4 sides, no issues.
__________________
1970 Chevy C-10 http://67-72chevytrucks.com/vboard/p...ictureid=10222 2002 Corvette SG/SP http://67-72chevytrucks.com/vboard/p...ictureid=10210 1977 Monza SG/SP sold ![]() 02 F-350 Powerstroke Daily Driver |
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#7 |
Registered User
Join Date: Dec 2001
Location: harvard, il. USA
Posts: 389
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Re: Appraisal for insurance
Ive been w/state farm for 20+ yrs. This actually started with the wifes 68 chevelle, trying to reduce the number of miles driven/year on the policy. Its much cheaper than current cost. According to the agent, because stated value is greater than X, I now need an appraisal to change coverage. I figure I'll get my 70 GMC survivor appraised as well.
Thanks to all for your replies. I do appreciate it.....don t. ..... |
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#8 |
Registered User
Join Date: Apr 2010
Location: Rowlett, TX
Posts: 325
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Re: Appraisal for insurance
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#9 |
Registered User
![]() Join Date: Sep 2010
Location: Richmond, Va
Posts: 573
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Re: Appraisal for insurance
mine is Nationwide BTW
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#10 |
Burnouts are therapeutic
Join Date: Jun 2007
Location: lancaster, south carolina
Posts: 852
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Re: Appraisal for insurance
I went through the same thing with state farm who I use for my daily drivers. I went to a local used car lot that I thought would have a clue about classics and they gave me the stated value that I asked them to quote. with state farm my ins. was about $500 a year per classic. About 5 years ago I went with hagerty ,they don't make you get an appraisal you tell them how much coverage you want e-mail them a pic and your good. now its about $200 a year for $20,000 on one classic. There are some restrictions with hagerty though, like you have to have it garaged, you have to have a daily driver for every licensed driver in your household and they don't want you to use it to run errands. I still drive mine as much as I want to which isn't a lot . good luck
__________________
1969 CHEVELLE SS 1972 C10 ALMOST DAILY DRIVER 1968 C10 RUSTBUCKET (MISSION IMPOSSIBLE) 1972 PONTIAC LEMANS CONVERTIBLE (WIFE'S CAR) "My wife and I were happy for twenty years. Then we met." - Rodney Dangerfield "The difference between genius and stupidity is that genius has its limits." - Einstein |
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#11 |
Registered User
Join Date: Dec 2001
Location: harvard, il. USA
Posts: 389
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Re: Appraisal for insurance
Currently wife's ins is a little more than 500. It could drop to 180/yr w/a 3000 mile/year max. Currently mileage is unlimited.
On my 70, 3000mi/year = 125. Yes, we both have daily drivers, but the truck does some hauling as I feel a need. Last weekend it helped moved 80 bales of hay. Have fun.....don t. ..... |
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#12 |
GM ONLY BABY!!!
Join Date: Oct 2003
Location: Fort Wayne, IN.
Posts: 1,998
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Re: Appraisal for insurance
I went with a local classic car appraiser. He attends car shows and is a classic car enthusiast. Might just ask around town of car shows. I had to get a professional appraisal for my 66 Chevelle since I am with State Farm. Cost was about $125 a few years ago, and recently I decided to get an appraisal on my 72 GMC since I have about $12,000 in the truck, he appraised truck for $14,000, at a cost of $100. Both appraisals included pictures, total description of all aftermarket or new parts, as well as comparable truck prices.
__________________
2 wrongs don't make a right, but 3 lefts do. 66 Chevelle Malibu 406ci, 573hp, 10.99@121mph 96 Chevy Silverado Z71 72 GMC 1500 Super Custom LS 6.0/4L65 on airride ![]() ![]() http://www.cardomain.com/ride/707879...mc-c-k-pick-up |
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#13 |
Registered User
Join Date: Nov 2009
Location: ortonville michigan
Posts: 151
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Re: Appraisal for insurance
i just changed from haggerty to state farm. haggerty was 406 a year, state farm is 126.50 for 6 months. big differance! i did have to get approved apprasial witch did cost 175.00. just my 2 cents.
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#14 |
Registered User
Join Date: Jun 2010
Location: Astoria, New York
Posts: 3
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The Hartford-AARP insurance works for me. Both home and auto insurance through the same company.
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#15 |
Registered User
Join Date: Jun 2010
Location: Santa Clara, CA
Posts: 40
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Re: Appraisal for insurance
I used State Farm. It was a very easy process. Stated value and some pictures. I am vey happy so far.
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#16 |
Senior Member
![]() Join Date: Feb 2001
Location: New Madison, Ohio
Posts: 21,365
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Re: Appraisal for insurance
I quoted State Farm and they were 3x's that of Haggerty. I think if one already has insurance State Farm the rates are cheaper but I have heard nothing but positives with Haggerty so that along with very good rates Haggerty it is.
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__________________
A husband can be right...or...A husband can be happy. ![]() 67-72 Chevy and GMC Trucks...The Classic Truck for the Classic Folk. ![]() 1970 CST Two tone green, 402BB, 400 Automatic, Tach, Buckets, AC, AM-FM, Tilt, GM CB, GM 8 Tract, LWB, etc ![]() ![]() JOHN 17:3...The better side of "LIFE" Remember: Everyday is a good day...Some are just gooder! |
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#17 |
Registered User
Join Date: Jun 2010
Location: Santa Clara, CA
Posts: 40
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Re: Appraisal for insurance
I was under the impression that Haggerty's has some strict restrictions on mileage and usage. I never got a quote from them because I use my truck as a daily driver. State Farm didn't have any restrictions on the usage of the truck.
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#18 |
Senior Member
![]() Join Date: Feb 2001
Location: New Madison, Ohio
Posts: 21,365
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Re: Appraisal for insurance
You are correct and you make a very good point. I think Haggerty has unlimited milage but they don't want one to use their truck as a DD or for work. You did well with State Farm.
__________________
A husband can be right...or...A husband can be happy. ![]() 67-72 Chevy and GMC Trucks...The Classic Truck for the Classic Folk. ![]() 1970 CST Two tone green, 402BB, 400 Automatic, Tach, Buckets, AC, AM-FM, Tilt, GM CB, GM 8 Tract, LWB, etc ![]() ![]() JOHN 17:3...The better side of "LIFE" Remember: Everyday is a good day...Some are just gooder! |
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#19 |
Registered User
Join Date: Apr 2010
Location: Buford, Ga
Posts: 205
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Re: Appraisal for insurance
I'm a little confused. If Haggerty doesn't have mileage limitations, how can they "not want" you to use it every day and for errands? It sounds like someone is trying to create a loophole.
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#20 | |
Registered User
![]() Join Date: Jul 2006
Location: Ozark, MO
Posts: 4,887
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Re: Appraisal for insurance
Quote:
You will be surprised if you have a claim on a stated value policy and think you will be getting a check for that value. There are a couple of old threads on here about this fact, you should read up if you drive your truck alot and are looking to insure it through a non-specialty provider. NOW, with that said the nature of pleasure driving is kind of a grey area. They don't want you driving to work or to run errands...however that is pleasure driving for most and only happens a few times a year for myself. The agents will tell ocassional trips like that are ok if you ask, but that doesn't really mean anything. I guess if my truck was to get wrecked on the way to the office on that one sunny day I chose to drive it well, then I would let everybody know I was out for a pleasure cruise. If it gets stolen from the parking lot at work, could be a different story? I don't know for sure but I'm careful to document how I store the truck and how many miles it gets vs. my daily driver (American Collectors Insures my truck by the way). I've had Hagerty it was more expensive because of all the extras like car show and hotel reimbursement that I don't use.
__________________
'20 Silverado Trail Boss ~ '17 Tahoe ~ '79 K15 Sierra Grande ~ '76 Blazer 2wd ~ '71 Cheyenne swb ~ '55 Pontiac Safari ~'50 3100 bagged ~ '80 Wife ~ Late model kids
Last edited by LEEVON; 10-25-2010 at 03:21 PM. |
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#21 | |
Senior Member
![]() Join Date: Feb 2001
Location: New Madison, Ohio
Posts: 21,365
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Re: Appraisal for insurance
Quote:
If you use it every day and as a work truck one has a much greater chance of getting into a fender bender...Unlimited Milgage-if I am correct-they want the truck owners to drive and enjoy thier truck but not as a DD or work truck. This is why one needs to have other titled vehicles to show that they have other forms of transportations. Maybe others can offer a better clarification.
__________________
A husband can be right...or...A husband can be happy. ![]() 67-72 Chevy and GMC Trucks...The Classic Truck for the Classic Folk. ![]() 1970 CST Two tone green, 402BB, 400 Automatic, Tach, Buckets, AC, AM-FM, Tilt, GM CB, GM 8 Tract, LWB, etc ![]() ![]() JOHN 17:3...The better side of "LIFE" Remember: Everyday is a good day...Some are just gooder! Last edited by 70cst; 10-25-2010 at 03:17 PM. |
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