Apprasials
Thread Starter
Instructor
Joined: Apr 2011
Posts: 154
Likes: 0
From: Grand Haven Michigan
Apprasials
I have had my 1971 for about 2 years now and I am still having it insured at the purchased price. I am wondering who or how to find appraisers in my area, lake shore of west Michigan.
Thanks,
Jay
Thanks,
Jay
Team Owner
Joined: Jun 2000
Posts: 38,923
Likes: 1,481
From: Southbound
Cruise-In II Veteran
Are you an NCRS member? Folks in the local chapter can probably offer referrals. http://www.michiganncrs.org/
Melting Slicks
Joined: May 2009
Posts: 3,079
Likes: 314
2024 C3 of the Year Finalist - Unmodified
Jay
Don't waste money on an opinion of value for the insurance company. If you have agreed value collector car insurance, just tell them how much YOU think it is now worth...within reason. Don't worry, they will adjust the premium accordingly. I've been doing that every renewal for the last 8 years. My car is probably worth about the amount of hard money that I have into it. If the car is stolen or destroyed, that is the amount of money that would make me feel "whole" again.
Dennis
Don't waste money on an opinion of value for the insurance company. If you have agreed value collector car insurance, just tell them how much YOU think it is now worth...within reason. Don't worry, they will adjust the premium accordingly. I've been doing that every renewal for the last 8 years. My car is probably worth about the amount of hard money that I have into it. If the car is stolen or destroyed, that is the amount of money that would make me feel "whole" again.
Dennis
Team Owner
Joined: Sep 2006
Posts: 31,172
Likes: 4,250
From: Westminster Maryland
Hi Jay,
I agree with Dennis.
Many companies don't require anything at lower 'agreed value' amounts. And even as the $$$ amount some companies just ask for pictures of the car.
That's the way J.C.Taylor operates for example.
So check with your insurer for their requirements at the amount you're going to insure for.
Regards,
Alan
I agree with Dennis.
Many companies don't require anything at lower 'agreed value' amounts. And even as the $$$ amount some companies just ask for pictures of the car.
That's the way J.C.Taylor operates for example.
So check with your insurer for their requirements at the amount you're going to insure for.
Regards,
Alan
Melting Slicks
Joined: Dec 2002
Posts: 2,390
Likes: 315
From: Belmont Michigan
Jay, I agree that depending on the insurer, you can insure it for what you are comfortable with- you can surf a lot of for sale sites for similar cars to gauge replacement costs. If you do need an appraisal, try Ike Sarver in Jenison. He knows Corvettes pretty well and I always thought he was reasonable on cost. I'll PM you his info.
Rich
Rich
Race Director
Joined: Oct 1999
Posts: 14,109
Likes: 127
From: www.ncminsurance.com Bowling Green KY Home of the Corvette!
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Jay
Don't waste money on an opinion of value for the insurance company. If you have agreed value collector car insurance, just tell them how much YOU think it is now worth...within reason. Don't worry, they will adjust the premium accordingly. I've been doing that every renewal for the last 8 years. My car is probably worth about the amount of hard money that I have into it. If the car is stolen or destroyed, that is the amount of money that would make me feel "whole" again.
Dennis
Don't waste money on an opinion of value for the insurance company. If you have agreed value collector car insurance, just tell them how much YOU think it is now worth...within reason. Don't worry, they will adjust the premium accordingly. I've been doing that every renewal for the last 8 years. My car is probably worth about the amount of hard money that I have into it. If the car is stolen or destroyed, that is the amount of money that would make me feel "whole" again.
Dennis
Hi Jay,
I agree with Dennis.
Many companies don't require anything at lower 'agreed value' amounts. And even as the $$$ amount some companies just ask for pictures of the car.
That's the way J.C.Taylor operates for example.
So check with your insurer for their requirements at the amount you're going to insure for.
Regards,
Alan
I agree with Dennis.
Many companies don't require anything at lower 'agreed value' amounts. And even as the $$$ amount some companies just ask for pictures of the car.
That's the way J.C.Taylor operates for example.
So check with your insurer for their requirements at the amount you're going to insure for.
Regards,
Alan
No need for an appraisal, unless you are way out of the ballpark on the value. Give us a call, I am sure we can work an Agreed Value policy out..
Adam Boca
National Corvette Museum Insurance Agency
www.ncminsurance.com
877.678.7626
adam@corvettemuseum.org
Safety Car
Joined: Sep 2007
Posts: 4,454
Likes: 328
From: Indy Indiana
when I was calling around.. one company wanted an appraisal... said yearly premium would be around 300 per year buy I had to provide appraisal...
so appraisal is around 350$ and yearly premium is 300... I asked the insurance company if I had to have a yearly appraisal.. they said yes....
right before I hung up, I told them where to go... then I called Adam Boca....
so appraisal is around 350$ and yearly premium is 300... I asked the insurance company if I had to have a yearly appraisal.. they said yes....
right before I hung up, I told them where to go... then I called Adam Boca....
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