h20cycle
Member
Anyone have a highly recommended or more familiar with GT/CS appraisal company? Or, any horror stories and companies to avoid (or boycott). Thanks. PK
COMMUNITY
1968 GT/CS & HCS
2007+ GT/CS
1966-1967 HCS
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1968 Appraisal Recommendation?
- Thread starter h20cycle
- Start date
robert campbell
Well-known member
- Joined
- Apr 10, 2007
- Messages
- 4,322
Is this to set a value for insurance? Or just to sell?
If it is for insurance, Hagerty is a great company. They will basically let you set a "reasonable " value and then if stolen or destroyed (fire) you get the full value you asked for. Obviously you cannot set a value for a 19770 Pinto with no engine at $50k and get it. But for a nice GT/CS you should be able to insure it in a range say $20k to $50k. Monthly premiums on $20k are far less than $50k.
Sometimes on a full restoration you have more invested than the "going" value of the car, but if it is not to far our of range you can pay for that amount of coverage.
Hope that makes sense?
Rob
If it is for insurance, Hagerty is a great company. They will basically let you set a "reasonable " value and then if stolen or destroyed (fire) you get the full value you asked for. Obviously you cannot set a value for a 19770 Pinto with no engine at $50k and get it. But for a nice GT/CS you should be able to insure it in a range say $20k to $50k. Monthly premiums on $20k are far less than $50k.
Sometimes on a full restoration you have more invested than the "going" value of the car, but if it is not to far our of range you can pay for that amount of coverage.
Hope that makes sense?
Rob
OP
OP
h20cycle
Member
Thanks Rob, this was for loan value. My credit union gives low interest classic car loans I am planning to use to restore my GT/CS. Must be an in person inspection. I found a place locally (LA) and will post on my experience.
Peter
Peter
