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Appraising your Classic Car ?

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TR4

TR4

Jedi Knight
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Can anyone tell me who you would have provide an appraisal for your Classic Car for Insurance purposes for an Agreed Upon Value? I am getting quotes that range from $49 to $195 via the internet. I also have a local shop that charges $100.
 
Be careful, I had a guy do one with a checklist.

Sunroof, cruise control, heated seats.

Pat
 
You might want to check with Hagerty Insurance. They as you probably know insure classic cars. You should be able to insure it for what you think the car is valued at. They are also a good source for appraising.
 
I had checked the Hagerty website without success. Guess I need to spin that rotary on my old phone.
 
When I insured the Wedge with Haggerty they asked for a value and I said about 8K. The insurance guy said lets make it 10K.
How's that for an appraisal
 
https://www.yesterdays-cars.com/Appraisers.htm
Or Google for appraisers in Ohio

PS, if I needed it done, I'd go to Rick Feibusch. But it might be expensive to fly him out from the west coast
grin.gif
 
I got a loan when I purchased my TR6. I paid $12,000 and the bank checked and found it was worth $18,000. I only need a couple thou and did not argue even though I knew it was not worth that much.

What I am saying is ask your bank to look it up for you. I doubt they will even charge for doing it.
 
If you have good pictorial documentation, Hagerty will generally upgrade your "agreed upon value" without any hassle at all.

Insurance is something that none of us ever want to have to use, but be assured, they do come through if you need them.
 
Brosky said:
If you have good pictorial documentation, Hagerty will generally upgrade your "agreed upon value" without any hassle at all.

Insurance is something that none of us ever want to have to use, but be assured, they do come through if you need them.
Click to expand...

:iagree:

I just did that with Hagerty. Sent them some pics of the "clean up" and work I'd done over the last year. Agent agreed I'd added 50% to my original agreed value. My premium went up a whopping $35.

So far, I sure can't say enough positive about Hagerty. And thanks to Paul R. for recommending them.

Tom
 
I went with American Collectors: https://www.americancollectors.com/

Not because I preferred it over any other, but this is the company that USAA recommended. So far they have been great and didn't blink an eye at getting it insured for $25k without any pictures.
 
Gliderman8 said:
...You should be able to insure it for what you think the car is valued at...
Click to expand...

When I got the '3 appraised the guy thought I should be able to insure it for whatever I wanted. He said "After all, a dancer can insure her legs for a million bucks if she wants to".

I pointed out that she probably wouldn't crush her own legs just to collect the million.

"Oh yeah, I hadn't thought of that".
 
Hagerty has been great to work with. Very good customer service. When the people are so friendly, it makes it a little easier to sign the check.
 
We have 19 cars on Hagerty. my bottom line was 2,700.00. My MGA twin cam 1960 is agreed value $95,000. < Our 1966 fastback Shelby proto type is 85,000.00, my 36 Ford coupe with flat head & offenhouser headers(chromed out is 75,000.,)- we have 30's 40's 4 -56's 59 T-bird & 64T-bird Convertable, 2 Midgets a 64 1/2 mustang convertable with a 260 & factory air , rally pack & one of the 1st 2000 ever made at 75,000.- unlimited mileage- must be kept inside a shop- but otherwise really easy & since Rita it has kept my nervious breakdown at bay. There are only 2 of us as drivers, so that helped- but they have been really cool to deal with & trust me I went through alot of companies before I decided on Hagerty. Randi C. Lee :winner1:
 
My experience in insuring a TR3B and a MGTD with Haggerty is that an appraisal is not necessary. I looked a value guides and relied on my knowledge (?) of values and Hagerty accepted my request for agreed upon value. Of course I did not seek values that were way above reasonable.

Gary
 
I charge one hour of shop time plus tax,but you might find Topeka more of a road trip than you would want.Regardless of who does it, good documentation and pictures are needed to complete the folder you should keep on any collectible car. Once you have this, done drive and enjoy it!!
MD(mad dog)
 
<span style="font-weight: bold"> </span> YUP!...call Hagerty on the phone :grouphug: tell them your sending them your BEST PHOTO,Then tell them to send you a written estimate of the cars 'AGREED VALUE'..You may be surprised.I did that.They said Whitelightning was beautiful AND THE 'COKER BIG WHITEWALLS'did the trick for $10,500. :bow:
Hagerty's the best. :banana:
 
Discuss with your insurer/agent exactly what documentation they require. Often, you may simply submit a reputable collector car guidebook's market value of a car like yours, along with photos to verify the condition of the car. If you have a good repair/restoration logbook and receipts, that may do the trick.

Hiring an appraiser may not be necessary, just discuss with your insurer what they require.
 
Just for those who hadn't seen it, this s what Hagerty did for me after I was hit while sitting at a stop sign. Not my fault, they paid in full in two weeks and went after the others for the money.

When the adjuster got to the body shop, he had a bunch of "before" pictures from my website. I had no hassle in getting all new sheet metal as well as a COMPLETE paint job. I paid a bit out of pocket for a few door dings but that was fair ans minor overall.

Body repair and repainting 2008
 
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