insurance appraisals
Collector Car Appraisals for Remote Purchases
Need a Collector Car Appraisal?
(Thanks to SeriousWheels for this sample photo)
Often they ask if I can drive over to Reno or Santa Barbara, or fly into Vegas or Los Angeles, to see if the restoration, repair or replacement work on the vehicle has been done properly. They might also want me to assert whether the collector car really does fall within the rating with which it has been been described, usually a 2 or 2.5.
Super Truck Appraisals: Equipment Appraisal on the Road
I got my first Super Truck limited edition CAT scale collector card October 2010. These Super Truck Limited Edition cards–for those of you, like me, who didn’t already know–are slick full-color trading cards that feature working trucks. Really amazingly customized big rigs that stand out from the transportation most of us see cruising down the highway, hauling chickens or lumber, produce, automobiles, or production goods. These trucks really are, well, super.
Appraisals for Insurance Purposes: Replacement & Reproduction Values
In the proposed Definitions of Values recently proposed by the Machinery and Technical Specialties branch of the ASA, no changes were made to the first 2 definitions:
- Reproduction Cost New is the cost of reproducing a new replica of a property on the basis of current prices with the same or closely similar materials.
- Replacement Cost New is the current cost of a similar new property having the nearest equivalent utility as the property being appraised.
Changes were made, however, to the definitions relating those two terms to the insurance industry. Here are the newly proposed definitions (bold & italic added):
