MitsuStyle MitsuStyle

Go Back   MitsuStyle > Tech > The Good Stuff > Auto Insurance

Reply
 
Thread Tools Display Modes
Old 06-23-2008   #1
CarRacer
 
CarRacer's Avatar
 

Join Date: Apr 2008
Location: Shakopee
Drives: 91 Galant VR4
Posts: 262
To Appraise Or Not To Appraise

I own a Galant VR4 and am a member of galantvr4.org.
A few members have posted having accidents and their related problems dealing with insurance agents.
The insurance wants to give them 1500-2000 dollars and the cars are worth more than that. A few have done their homework and have gotten checks for what their cars are worth after doing quite a bit of legwork and using a lot of time.

I would obviously like to avoid all of that hassle. I was thinking of having my car appraised when I get it ready for the road.
My worry is that after the value is roughly double what a "regular" galant is, my rates will go up. I figure the insurance company will justify that they are insuring a more valuable car.

How should I go about it? Play dumb and insure a base model Galant, or appraise and risk higher rates but less hassle?

Thanks
CarRacer is offline   Reply With Quote
Old 06-23-2008   #2
sleepydsm
Kevin
 
sleepydsm's Avatar
 

Join Date: Jan 2004
Location: Shoreview
Posts: 3,350
Send a message via AIM to sleepydsm
Re: To Appraise Or Not To Appraise

how much more would they raise your premium, I wonder? I'd think it'd be worth a little more money for a good piece of mind to KNOW your car will be valued at what it should be. If the worst should happen, its atleast one less thing to worry about...
__________________
1992 Eclipse GSX
1992 Eagle Talon
1995 Eagle Talon
1992 Eagle Talon
2006 Evo 9
2008 Evo 10
2006 Evo 9
and nothing cool now - corvettes dont count
sleepydsm is offline   Reply With Quote
Old 06-24-2008   #3
Scrmegl
Brian
 
Scrmegl's Avatar
 
Danger Wheels Champion!
Join Date: Aug 2006
Location: St Cloud
Drives: '98 TSI AWD
Posts: 420
Send a message via MSN to Scrmegl
Re: To Appraise Or Not To Appraise

Most companies will only do their book value of choice. Some let you add extra coverage for custom accessories or equipment. Having the appraisal may help with a few select companies. Read your policy. It will have info in there on coverage. Then ask your agent to ask an underwriter. If they can not answer properly then they should ask their claims department.

If you find you are way under insured then look for a company that will let you insure a claimed value with an appraisal.
__________________
A Body to G Body to F body to 2G DSM
Scrmegl is offline   Reply With Quote
Old 07-08-2008   #4
Jazzie604
New Member
Re: To Appraise Or Not To Appraise

check with your local provider, with some documentation at least one company will let the vehicle be insured for up to 10k without much, if any, additional charges. Sometimes photo documentation is required, sometimes just a documented list of work that is done to the vehicle. its worth the extra time and effort if anything were to happen.
Jazzie604 is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 07:17 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.