The
interior receives the same scrutiny from the appraiser. He'll also be checking
the VIN number and data codes located below the glove box door on this 1967
Corvette.
catastrophes. "Most insurers offer threshold insurance," noted Monopoli,
"however coverage can vary between companies and occasionally between nearly
identical cars. One insurer recently suffered enough major losses to cause them
to cut the threshold by half." The move to a lower threshold on the part
of the insurer might not effect a current policyholder but could become a problem
for them later when the unsuspecting owner renews his policy without giving
it any thought. Nothing is a problem
The
folding top is inspected for condition and correct date code. An appraiser needs
to be as knowledgeable as an NCRS judge, however instead of points an appraiser
deals in value.
unless something
happens.
There are many benefits of having an appraisal performed
on your Corvette. Appraisals are instrumental in resolving litigious disputes.
In the case of a Corvette being underinsured, the appraised value effects the
amount determined to total it. Many state regulations require insurers to issue
a salvage title on vehicles when damage reaches about 80 percent of their value.
An appraisal can eliminate a legal need to issue a salvage title,
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