Adequate Insurance Coverage – Protect Your Investment
Protect your investment of time and money. There are a great many insurance companies that will cover your collector car with Comprehensive and Collision coverage. However, many will tell you that your vehicle will be covered for “actual cash value” or “book value” (ie: they decide what your vehicle is “worth” at the time of a claim) unless you provide an appraisal. The markets are changing rapidly, as are the values of all collector cars.
Not all companies offer this coverage; however, our appraisals are accepted by all insurance companies that do offer this coverage. Our appraisal will also be of immense help if you’re hit by the driver of some other insurance company or if that driver is uninsured. Without an appraisal an unqualified person who is unfamiliar with your vehicle may be determining how much you’re going to collect at the time of a loss. Protect your investment by ensuring that the value of your vehicle is on record.
Important: did you know that during restoration in your own garage your vehicle is NOT covered for fire/theft under your homeowners policy? (only your automobile policy protects your car)
The best way to be sure that your car is protected properly is to have a professional appraisal on file with your insurance company and have an endorsement to your policy indicating the type and/or amount of coverage your vehicle has. Many insurance companies that provide collision and comprehensive coverage for older vehicles require a current appraisal or proof of value every 2 years or 10,000 miles, whichever comes first, or the coverage is reduced to book value.
If you’re arguing with an insurance company over the value of your vehicle after a loss then an appraisal after the loss can be a big help. It’s not as easy to appraise a vehicle after an accident or fire but it can be done if not too much time has gone by.
Pre-purchase Appraisal Motorcycles, Sports Cars, Antiques, Modified, Rods, Customs, Exotics
Can be a dream come true…
A pre-purchase appraisal can be very helpful when purchasing a specialty car, truck, motorcycle, or boat. The appraisal can be used to assess the fariness of the asking price, validate the vehicle’s representation in advertising, and help secure financing.
A pre-purchase appraisal could protect you against overpaying for a vehicle. It can also make a seller more reasonable in the asking price.
Pre-purchase appraisals can also help prevent fraud. If you are planning to buy a vehicle over the internet, have a local I-VAN appraiser do a pre-purchase appraisal to ensure that the vehicle has been properly represented in its advertising.
An I-VAN appraisal can also establish the loan value if you are planning to finance part of the purchse. Selling a Collector Vehicle
An appraisal can be a tremendous help when selling a collector vehicle. It eliminates a lot of haggling or “negotiating” because the vehicle’s market value has been established. Offering the vehicle for sale at or below the appraised value gives a prospective buyer peace of mind that he is getting a good value.
A qualified buyer can use the appraisal to get a loan from his bank, and other lending institutions, to assist in buying your vehicle (many financial institutions will loan up to 80% of our appraised value).
“Hobbyists Helping Hobbyists” is our motto and our slogan is “Now you can get your appraisal from a friend and not a stranger.” I-VAN provides thousands of vehicle appraisals every year. Our Mission
To provide professional vehicle appraiser services in a timely, objective, and affordable manner.
The International Vehicle Appraisers Network (I-VAN) is a nationwide network of automotive hobbyists who have been carefully selected and trained to become certified automobile appraisers. We appraise Antique, Classic & Special Interest cars, trucks, motorcycles boats, etc. (including street rods, customs, etc). We also appraise Automobilia (automotive collectibles) and automotive art. Select appraisers also do Diminished Value, Lemon Law, and Fraud Appraisals.
All of our appraisers are National Judges for the Antique Automobile Club of America (AACA) as well as for many other national car clubs, including Classic Car Club of America (CCCA), Mustang Club of America (MCA), National Corvette Restorers Society (NCRS), Model T Ford Club International, etc.
All appraisers attend the I-VAN Training School, do field training assignments, and home study before certification.
Select Certified Appraisers also do Diminished Value, Fraud, and Lemon Law appraisals. All of I-VAN’s certified appraisers guarantee no conflict of interest because we do not restore, buy/sell, paint, fix, transport, export, or insure old cars for a living… we are hobbyists first and foremost and we own the types of cars we appraise.