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appraised vlaue/ stated value insurance



If you now pay less, it's not because your car was appraised at a higher
value......

And I'm not saying paying more for more coverage is bad (or good), just that
one should expect the increase in the premium.
No free lunch.

Larry   sandiego16V

----- Original Message -----
From: Josh Able <mkii@nycap.rr.com>
To: rocco16v <rocco16v@netzero.net>; <scirocco-l@scirocco.org>
Cc: <wasser-werks@yahoogroups.com>
Sent: Saturday, January 05, 2002 12:10 PM
Subject: Re: appraised vlaue/ stated value insurance


> Not really. I actually pay less now than I did when it was book value.
>
> But what's worse, paying a few dollars more a year, or losing a few
> thousand?
>
> Josh Able
>
> ----- Original Message -----
> From: "rocco16v" <rocco16v@netzero.net>
> To: "Josh Able" <mkii@nycap.rr.com>; <scirocco-l@scirocco.org>
> Cc: <wasser-werks@yahoogroups.com>
> Sent: Saturday, January 05, 2002 2:42 PM
> Subject: Re: appraised vlaue/ stated value insurance
>
>
> > Don't forget, guys, a higher appraisal equates to a higher premium.
> >
> > We don't want any nasty surprises...:)
> >
> > Larry   sandiego16V
> >
> > ----- Original Message -----
> > From: Josh Able <mkii@nycap.rr.com>
> > To: <scirocco-l@scirocco.org>
> > Cc: <wasser-werks@yahoogroups.com>
> > Sent: Saturday, January 05, 2002 11:04 AM
> > Subject: appraised vlaue/ stated value insurance
> >
> >
> > > >due to people getting hosed by insurance companies, I sending this
out
> to
> > > hopefully aid people before they get screwed.
> > >
> > >
> > > I feel like a freak for always talking about getting cars appraised,
but
> > if
> > > you have put money into your car, and it is worth more than book you
> > really
> > > should do it, to help cover your investment in case of an accident.
> Don't
> > > count on having receipts piled 2 feet high to get you more money. Some
> > > insurance companies will treat you right, others will bend you over
and
> > make
> > > you scream like a pig at a slaughter.
> > >
> > > Be careful, many "appraisers" only understand US Muscle cars, and
> anything
> > > like a VW with "custom/aftermarket" parts confuses them. Make sure
they
> > > understand about your car, many appraisers feel a need to take money
OFF
> > for
> > > aftermarket parts like "custom wheels/ and bodykits/ suspensions /
etc".
> > > Call up your local tuning shop and ask them if they could recommend
> > anybody.
> > > Also talk to your insurance agent (if you have a local one) and see if
> > they
> > > can help. And make sure its a real appraiser, some people don't have
the
> > > credentials to back it up. If you know of anybody that has sold a car
> like
> > > yours for more money than book, get some paper work on that to show
the
> > > appraiser, and of course have all your receipts.
> > >
> > > You would want to get your insurance company to hopefully insure your
> car
> > > for stated value
> > >
> > > A good way for you to guess the value of your car is to..
> > >
> > > 1- money you have put into it for "stock" parts and or body
restoration
> > > doesn't really count unless your car is super clean and in "perfect"
> > > mechanical shape, then it would be worth more than book.
> > >
> > > 2- money that goes into the car for mods (anything from a short
shifter
> to
> > > new cams, to custom bodywork, audio, wheels, etc) can be basically
> divided
> > > in half.
> > >
> > > example: say your cars "book" is 2000$, but you have done a full
> > restoration
> > > on it, and you also have spent $5000 on mods.
> > >
> > > book- 2000$
> > > due to restoration and new "stock" parts bump it up to 4000$
> > > mods cost 5000$, but cut that in 1/2, 2500$
> > >
> > > car will appraise at about 6500$
> > >
> > > there isn't a fool proof way to do it, because there are so many
> > variables.
> > >
> > > For instance I know of stock sciroccos that appraise for $8000 - $9000
> and
> > > that's just stock, and I know a custom Scirocco that is basically
stock
> > > mechanically but has major body mods and it is insured for an
appraisal
> of
> > > about $18,000.
> > >
> > > In my case I was appraised starting at book, and then basically all my
> > mods
> > > were added to the book value and the total was cut in about 1/2.
> > >
> > >
> > > Josh Able
> > >
> > >
> > >
> > > _______________________________________________
> > > Scirocco-l mailing list
> > > Scirocco-l@scirocco.org
> > > http://neubayern.net/mailman/listinfo/scirocco-l
> > >
> >
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>
>
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