Got my car appraised today..

[ZoomZoomZoom]

^^^ Lol, my mistake, and corrected.

Sorry, ZoomZoomZoom.

No harm done! Thanks for the insurance lesson. It was very interesting.

Yep that was awesome and I'll :love: her for ever for taking the time to make it

And I still have it because you never know when I'll need it again

 

[tsuper92]

deabionni the way you quoted my post deleting some content, make's it contradickting.i'm not disputing anything your saying.i've got quote's for a policy and it's been much more once they ran the vin(both the supra turbo and supercharged bonneville)

if someone crash's into me,i don't see how or what's done to the car is going to prevent it.my car got rear ended the first week i had it.they looked at the vin,then checked the bumper out.if they insure it for 20k,they SHOULD take care of it.i've been using the same company forever and have given them a hell of alot of money over the year's.i know my car is a risk.i just pay my insurance and hope to never use it.

 

[deabionni]

deabionni the way you quoted my post deleting some content, make's it contradickting.

LOL, you're right, but my explanation under that quote still holds true.

if someone crash's into me,i don't see how or what's done to the car is going to prevent it.my car got rear ended the first week i had it.they looked at the vin,then checked the bumper out.if they insure it for 20k,they SHOULD take care of it.i've been using the same company forever and have given them a hell of alot of money over the year's.i know my car is a risk.i just pay my insurance and hope to never use it.

It's not about who's at fault, or how the accident happened. It's all about RISK, and how the modifications done to a vehicle affects that RISK.

Let's say you get rear ended in your stock Supra. The insurance company already has a pretty good idea how much damage the Supra will take, and how much of the force of the impact will be transferred to the passengers in the car. They already know everything they need to know, to determine the risk category the Supra falls under. Now let's say you lowered the vehicle. Now how much damage will the vehicle take, and how much force of the impact will be transferred to the passengers? Did lowering the vehicle change the way the Supra handles the impact?

That's just the tip of the iceberg of the questions a company has to answer for themselves should they chose to insure a vehicle that's been modified. To some companies, modifying a vehicle at all is a huge no no; and they'll refuse to insure a vehicle with any modifications. If you're insured with a company like that, and you modify your vehicle without telling them; they WILL VOID out your policy at the time of a claim. They can fault you for "concealment" if you modify the vehicle after you start the policy and don't tell them; or they can fault you for "misrepresentation" if the vehicle was modified at the time you took out a policy and didn't tell them.

In short, don't lie to or hide stuff from your insurance company; as it's not worth playing Russian Roulette if you need to file a claim. If you do lie or hide stuff from them, then you may as well pull out your policy and use it as toilet paper; as that's about all it will be worth. Besides, why would anyone want to waste the money they're paying every month to an insurance company, if they're not completely sure they'll be covered? Seems kinda pointless to me....especially since the piece of mind is usually a phone call to your insurance agent away. Let them worry about how you're vehicle needs to be properly covered in the event of a loss. That's what they're there for, right?

More insurance fun facts: Delivering pizza, mail, or other goods or services with your vehicle also voids out your personal auto policy.

 

[Halsupramk3]

The appraiser should add in another $2,000 to the value for not having a gay blue interior in a white supra.

 

[tissimo]

But it does suffer from the usual electrical gremlins that all my previous supras had.

Thanks for backing up my point. I have many supras and none have had electrical problems.

 

[ZoomZoomZoom]

The appraiser should add in another $2,000 to the value for not having a gay blue interior in a white supra.

I never thought of the dark blue as being gay. I liked it in my 91, but it was hot in the summer. I did ask the appraiser if having a non-factory color combo would hurt the value and he said no, not if it was easy on the eye.

Thanks for backing up my point. I have many supras and none have had electrical problems.

I've had 4 Supras (2-87s, 90, 91) and all had electrical problems. But perhaps our definition differs. I'm nitpicky; I like every light, switch and sensor to work properly, including the alarm and every button on the comfort control. I didn't tell the appraiser about each little quirk because they are minor. I'll get them chased out eventually.

 

[upgradedsupra]

I never thought of the dark blue as being gay. I liked it in my 91, but it was hot in the summer. I did ask the appraiser if having a non-factory color combo would hurt the value and he said no, not if it was easy on the eye.

He wouldn't know if it was/wasn't stock anyway.

Dark Blue is ok but Tampon Red is better. :icon_bigg

 

[ZoomZoomZoom]

He wouldn't know if it was/wasn't stock anyway.

Dark Blue is ok but Tampon Red is better. :icon_bigg

And that was my car's original interior color - tampon red. Thats very accurate.

 

[ZoomZoomZoom]

I quote directly from the appraisel itself:

---
Your W-Sport removable roof is a highly desirable option on this Turbo version and certainly increases its attractiveness. Additionally, your attention to detail, cleanliness and service will continue to serve you and the vehicle well. No problems were found on inspection of the body and undercarriage and the striking interior complements the beautiful paint.

Value guides will point you toward common values for common cars. Old Cars Price Guide places your value at or around $8800. I suggest you insure this vehicle for no less than $10,000 and also suggest that you do that as you do each improvement that you keep this value updated. I doubt that you could easily find a comparable replacement 1990 Supra Turbo W-Sport for that amount.

---

Way more than the $7500 I was shooting for. Next step is negotiating with the insurance company.

 

[Who]

Nice!! Keep us updated on the insurance outcome.

 

[Supracentral]

I use Rally Insurance for the MKIV's. I'm not sure if they would do a MKIII, but it might be worth checking out if it's not a daily driver.

http://www.rallyinsurance.com (Website sucks, but the insurance is good)

They are easy to work with and are easy to do agreed value coverage. There are some restrictions (it has to be your secondary car, milage, etc.)

My hardtop is insured for 2.8 times its Kelly Blue Book value.

 

[ZoomZoomZoom]

I sent the appraisal and forms into Grange Insurance. They accepted the agreed value of $10,000. I got my new policy rates back. The premium on the Supra DROPPED $100 for the 6 month coverage period. It is classified as an antique/classic car now. The agent says the underwriters know such cars are driven less and better cared for. Thus their risk is lower.

This was truly a surprise for me. The car bluebooked at $3,500, and now its valued at $10,000 and I pay less.

 

[Halsupramk3]

A few questions.

Did they ask you if the car was modded or what size turbo was on it?

Did they ask you if you took the car to the track or drag strip? Did you tell them you did or did not use the car at these places?

How many speeding/moving violations do you have or do they know about?

 

[ZoomZoomZoom]

A few questions.

Did they ask you if the car was modded or what size turbo was on it?

Did they ask you if you took the car to the track or drag strip? Did you tell them you did or did not use the car at these places?

How many speeding/moving violations do you have or do they know about?

I gave a list of all work and mods done to the car to the appraiser. Its not that far from stock. The insurance company did not ask.

Nobody asked me if I raced the car. I'm sure I gave the appraiser the impression that its just a fun project car for me, which is true.

I got a speeding ticket 20 years ago. I got another one last year and got out of it thanks to the inherit inaccurate speedometer on my supra.

And we all know girls don't race

 

[Who]

It is classified as an antique/classic car now.

Great news! Just be sure your policy lets you drive it on a daily basis and not just to shows or under a certain number of miles a year.

 

[Halsupramk3]

I gave a list of all work and mods done to the car to the appraiser. Its not that far from stock. The insurance company did not ask.

Nobody asked me if I raced the car. I'm sure I gave the appraiser the impression that its just a fun project car for me, which is true.

I got a speeding ticket 20 years ago. I got another one last year and got out of it thanks to the inherit inaccurate speedometer on my supra.

And we all know girls don't race

Be sure to read the policy a few times. It may have some exclusions if you wreck it drag racing (i think most policies do) or if the car is modded above stock. The insurance company probably doesn't know about any mods done to the car that you gave to the appraiser. You dont want some miniscule excuse or exclusion popping up at claim time. You need to know what is covered and what is not covered.

 

[ZoomZoomZoom]

Great news! Just be sure your policy lets you drive it on a daily basis and not just to shows or under a certain number of miles a year.

It is listed as restricted use:
"Maintained principally for use in exhibitions, clubs, parades or other functions of public interest."

So I called my agent. I said look, I may be driving this car to work tomorrow (weather permitting). She said that was ok. All she was concerned about is that it was NOT a daily driver. Its not. I put on the application that I do not drive it in rain or snow. Plus, this same company covers my Altima, and I am listed as the owner of both cars.

Be sure to read the policy a few times. It may have some exclusions if you wreck it drag racing (i think most policies do) or if the car is modded above stock. The insurance company probably doesn't know about any mods done to the car that you gave to the appraiser. You dont want some miniscule excuse or exclusion popping up at claim time. You need to know what is covered and what is not covered.

I read the original policy plus the amended one. No mention of racing or mods. Nothing limiting the amount of miles put on the car. I do keep a list of all I have done to the car and I keep all receipts. Documentation is critical to establishing a value to a car.