Appraisal this spring

[JayBee]

Tell him to go look for a cuda like yours and see how hard it is.  Chrysler did not make a ton of those, thats why mopars are mopars baby.  Great looking ride too

I'd like to tell him a lot more but it just goes in one ear and out the other. Example: when I told him what a working AM/FM w/crossover goes for he just said, "only if someone will pay that". Try to find one of those. He won't be getting any recommendations from me. BTW, thanks for kudos.

[fishn4cuda]

JayBee,
Since I've seen your car in person at Nats over the last couple of years I would say the appraisal you recieved is under rated. I think and know 50K plus is where it should be. Older resto but in very very presentable condition. I have the "Save my Butt Barracuda" insured for 55K and its a 318 car and totally unfinished. Not trying to send false hopes, but watching the market, just being realistic as to the condition of your car. Basket cases are still being sold for half of what yours has appraised for.

See ya at Nats.....Red Roof Inn!

[wiging19]

  I find this site helpful in identifying general ball park estimates of value.

http://www.nadaguides.com/default.aspx?LI=1-22-1-5013-0-0-0&l=1&w=22&p=1&f=5014&y=1970&m=1142&d=4950&c=11&o=35416&vi=82889&da=-1

[HP2]

Well, there are quite a few 'verts out there that sell for more, but you are missing the fender tag, there is the radiator/cowl number discrepancy, and it is a 318 car. Any of these could keep the price down compared to better documented, more desireably optioned cars.

You also mentioned "stated value" so I'm assuming this is for insurance purposes. You might dig deeper into this with your insurance company and see if they are willing to do an agreed value policy instead. A key difference being that stated value means you gave the insurer a statement of value and they have the OPTION of paying either the adjusted value based on documented resources (nada books or the sort) or stated value of your car should anything happen to it. Inevitivly they will choose the lower. Agreed value means they will sign that they agree with the value of the car as your appraisal presents it and they will pay that amount in an event of a loss.

[JayBee]

HP2, yes it's for insurance. Here in Ontario we don't have anything like "stated value" or "agreed value". Insurance companies pay out whatever is listed in their black or blue book. If they can't find a listing or you think your car is worth more you have to get an appraisal done by a reputable appraiser. If they see the value go up too high in too short of a period of time they may challenge it. Sometimes appraisers watch that to maintain their reputation. Oh, I wasn't sure how much new metal my bodyman put in the car back in '96(over 50, CRAFT disease) so I checked the cowel and the right numbers are there, still havn't found it on the rad support though. All the same, thanks for your input...everyone too.

John

[kingtroll]

Chrysler did NOT make a ton of them. I think it's worth at least 35k at maybe more considering what kind of condition. That 19k was WAY off the mark.

[ambitions2]

  oh those good GM guys 

[miketyler]

FWIW, I insure thru Hagerty. When I first got my car, I added it to my existing policy thru Allstate. Allstate wrote it for an agreed value of 15k and the policy was with Hagerty. Only pictures were required to substantiate this. Shortly after this the car was down for over a year getting the firewall and cowl replaced etc and the insurance lapsed. Now that shes road worthy again I went back to Allstate to reinstate my insurance with a stated value closer to $30k and they have to have an appraisal before they can write it. No biggy, but for grins I call Hagerty directly and they write the policy based on the agreed value of $30k no questions asked. WTF? I can't understand why Allstate needed a certified appraisal when they were just going to write for Hagerty anyway??

[JayBee]

Bureaucracy is definately a hard thing to understand. Different companies, different countries - same hobby, same cars. Just different rules and laws I guess.

[wiging19]

Why don't you purchase the insurance directly.  Do you have an umbrella policy your trying to protect by going through Allstate?

[miketyler]

I did purchase insurance thru Hagerty directly - I wasn't aware of any umbrella coverage I would have by having Allstate write the policy. Its no biggy really, it just seems unusual. I think the Allstate agent had said that anything over $25k required an appraisal on file but it didn't seem logical if Hagerty was the one carrying the policy.

I should probably call Allstate and ask - for all I know it might be a required by my local insurance agent only.   

[wiging19]

Some people want a higher liability coverage to protect themselves.  I had higher coverage than the normal home owners coverage provided by getting an umbrella coverage through my insurer.  This mean't all my cars and home insurance had to be through the same insurer.  I entertained alot at that point in my life and was concerned that some of my friends kids might hurt themselves on my property.  By doing this I increased my personal liability in case someone injured themselves on my property from $300k to $1M.  The down side is you have all your cars fully insured as if you just bought them new (liability, comp, etc.).