Insurance Appraisal | FerrariChat

Insurance Appraisal

Discussion in 'California (Southern)' started by matteo, Aug 29, 2006.

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  1. matteo

    matteo F1 World Champ

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    Does anyone have a contact or know of a place to get a car appraised?

    I am making a change to my insurance and they are requiring an appraisal.
     
  2. KraigG

    KraigG Formula 3

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    Contact some of the larger classic/exotic car dealers, and they should be able to give you a decent appraisal. Perhaps Chequered Flag in the Marina?
     
  3. Joe G.

    Joe G. Formula 3 BANNED

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    matteo,

    i heard you can use cars.com or an equiv. thing like the FML, maybe even ferrariads.com to establish market value for your insurance co.

    like i said, i only "heard" that'll work

    and then again, that might not be the value or answer you're looking for

    FWIW
     
  4. italcarguy

    italcarguy Formula Junior

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    Last year I had Pacific Automotive appraise a car for me. They did a great job and supplied with me with an excellent vehicle description to give my insurance company. Couple things to do on your end...take some really nice pictures to go with the appraisal as well as classified ads for cars in the same or similar condition. Pacific Automotive Services 818-906-0118.
     
  5. matteo

    matteo F1 World Champ

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    LOL!

    I metioned this to my insurance guy and he said that it had to be appraised to raise the agreed value. maybe other companys will take it but not allstate.

    Thanks!

    I'll give them a call on Tuesday. So they don't need to see the car? just pictures?
     
  6. KraigG

    KraigG Formula 3

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    I've got Hagerty for my F car. It's an agreed value policy, so any time I want to raise the value, I just need to notify them, and they will raise the value, along with my premium.
     
  7. judge4re

    judge4re F1 World Champ

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    I sent Chubb a scan of the Asking Price Index out of FML and that was it to set agreed value.

    Maybe it is time for a new insurance company...
     
  8. italcarguy

    italcarguy Formula Junior

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    They are still need to see the car in person, but will need pictures to put with the written appraisal that you will be submitting to the insurance company. At least I had to...

    What insurance company are you going with? I got Hagerty and they didn't ask for an appraisal on the 308. They just agreed with what I told them.
     
  9. matteo

    matteo F1 World Champ

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    I have Allstate. I have had them for many years. They have the house, car and umbrella policy's. I did get a recent quote to change to AAA but it would have only saved about $300.

    They need an appraisal, at least according to my agent which usually is on the ball.
     
  10. Telerding

    Telerding Formula Junior

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    I have all of my cars, boat, RV, House, etc with State Farm.

    On previous Ferraris (328 GTB, F355B) I had no trouble with insurance, very reasonable.

    When I bought my Daytona 18 months ago, I started to have trouble. They did eventually accept my FML, Cavallino, etc. valuation at what I paid for the car.

    This year, however, they have balked at raising the value to current market and have requested an appraisal, by one of their approved appraisers (won't give me a list of same) before they will insure at market rate (mid-$200k).

    So at the moment I am underinsured by $75,000-$100,000. Since their insurance as a "show car" is so much less costly than any of the Hagerty's, etc, I will probably go ahead and get that appraisal.
     
  11. judge4re

    judge4re F1 World Champ

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    Call Chubb first, they've been very fair on all of their deals that I've done with them.
     
  12. KraigG

    KraigG Formula 3

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    Wow, that's surprising! I have 5 cars insured through Hagerty, with a collective value of over $125k, and my yearly premiums are only around $600, with ZERO deductible!
     
  13. ^@#&

    ^@#& F1 World Champ BANNED

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    You better make sure to get a pre and post Italy restoration appraisal.
     

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