Has anyone had issues with insurance appraising of your cars i just had a car done got insurance and now they are saying the appraisal is not good enough and are asking for a 15 page one done again at my cost i am just asking as this seams fishy
thanks bob
-- Edited by 1957bowtieblue on Thursday 14th of April 2016 08:01:09 PM
I did antique and classic car appraisals for over 20 years, in most cases the text portion never exceeded 2 pages, pictures would be 10-12 from different angles, never had any insurance company in Canada or the US question or refuse one.
old koot thank you for the input this company has told me they want this to be done by there ways as in this detailed 15 page appraisal i just not getting it here i have spent good dollars for it to be done and the person is a well known restorer and has done all my appraisals on all my car why the change now all of a sudden
thanks bob
intac ins is the company i have a nother car insured with them and this is a ad on the other car is the same in style and value and was just added in september last year with no issues and now this has come along
thanks bob
okkoot you have reassured me that my thoughts of this change is some either new or a way they wish to change there idea of appraisals i am thinking seriously if this does not straighten out with out all the crap i guess moving is what is going to happen
thanks bob
15 Pages!!!!! I have had many many appraisals done by three different appraisers and have never seen one with more than eight pages (including pics)............
BBB gives them a D- rating and the web is full of horror stories. once you cancel if they have access to your bank account go and get them taken off or they will keep withdrawing payments
thank you for that good input i do not let businesses do bank account withdraws i still pay by check but i do know some people who do let them with draw thanks for that bit of info
thanks bob
shag766 i have been with them for several years now and had no issues till i tried to add this last car a week ago and now they have come up with all of these changes what is worse i have a second car the same only it is a 4 cylinder and one year older but it rate around the same amount of value and it was added on just last september to my list of cars and there was no issues just sent them the info and paid the bill and it was covered i just not getting this from then now
thanks bob
what is the car ??? if its a classic why not silver wheels or hagerty is it a daily driver?? Call Cryderman he is in Bothwell get a quote all insurance companies are the same in most respect
my broker at the time had me with them also for 3-4 years about 10yrs ago, maybe. i had no problems but i had no claims. i know there has been some changes in the commercial end of their business if you snoop hard enough and probably only time till it gets down to personal. what they are asking for does sound quite excessive though. i hope its not the new norm eventually or some form of it.
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"if you are not the lead dog, the view is all the same"
I never realized that Intact was doing Classic Car insurance. I have my regular cars covered with Intact (best rate I could find few years ago) but my Classics are with Hagerty. Good thing with Hagerty if you have more than one car is that basically each car has fire and theft coverage and the P.L. and P.D. portion is put on my wife and myself as opposed to having it applied to every car. Saves me a bunch of money and most we can have on the road is 2 classics at a time.
I never realized that Intact was doing Classic Car insurance. I have my regular cars covered with Intact (best rate I could find few years ago) but my Classics are with Hagerty. Good thing with Hagerty if you have more than one car is that basically each car has fire and theft coverage and the P.L. and P.D. portion is put on my wife and myself as opposed to having it applied to every car. Saves me a bunch of money and most we can have on the road is 2 classics at a time.
Don sorry but you lost me with the Hagerty thingy Can you explain it or maybe type slower so I can catch it..
Normally each car you have will have fire, theft, maybe collision, public liability and public damage coverage on it. The liability and damage is usually the more expensive coverage. It is my understanding with Hagerty they actually cover the driver for the liability and damage as the car can't be liable or do damage when it is parked but you do need fire and theft on the cars if anything should happen. I have 5 cars covered that I or my wife can drive for less than $900. and they are valued anywhere between $7500. and $30,000. Had a car totaled 3 years ago and I had my appraised value (less the deductible) cheque in my hands 25 days later and they paid the towing and 25 day storage.
Bob's cars are more than 25 years old so they could be covered but depending on the driving he does with them. If your going to tow a trailer you will need a policy like Intact will give you. I have not found a company in Ontario that will give me classic rates if I want to tow my camper trailer but with a normal policy agent says I can put the classic on regular policy and take it off over the winter so that could save you about 40% of the cost.
I have written antique car appraisals on the same single page since I was sixteen working along side my dad,this is 32 years ongoing with nary a request or problem,I say bull**** or did they "offer" a suggestion of a particular appraiser for you too?
chris the only offer they wanted was the pictures i have from the appraiser and wanted me to redew this appraisal using this 15 page guideline of info and me to spend more money again even though i just did it a week ago i am not spending more money just to please them WILL NOT HAPPEN
thanks bob
oldkoot i wish i could all i know is they are telling me they have this detailed 15 page of requirements for the acceptable appraisal i have nothing yet and not sure just what all they need it is a bit frustrating
thanks bob
I never realized that Intact was doing Classic Car insurance. I have my regular cars covered with Intact (best rate I could find few years ago) but my Classics are with Hagerty. Good thing with Hagerty if you have more than one car is that basically each car has fire and theft coverage and the P.L. and P.D. portion is put on my wife and myself as opposed to having it applied to every car. Saves me a bunch of money and most we can have on the road is 2 classics at a time.
Don sorry but you lost me with the Hagerty thingy Can you explain it or maybe type slower so I can catch it..
Thanks
TMJ
humph- i didn't know this one, "most we can have on the road is 2 classics at a time." i am with haggerty on the old cars and the odd time i will have 3 at one event depending on where and when or who it is to drive the 3rd one. i do understand the logic of each driver being insured though instead of the car, per-say. 30 to 40yrs ago it was called having your lic insured so anything you drove was covered. i haven't heard much about that in a long time. i checked with haggerty a couple of years ago about other drivers and was told anyone over 25yrs with a valid lic was covered.
-i can't complain on the price for the old cars though, 1300.00 for 4 cars with appraised value approx 200,000.00 in total. but, probably in reality .35 to ,40 cents per mile. thats getting up there with the bike insurance which i guess averages .50 cents per mi most years. then there is boat insurance that i wouldn't guess on per mi. DANG-this is getting depressing. if i was still a very sociable drinker now a days i would be out socializing right now. it seems the only way to get the unit cost down is drive them more. shop around for the best price you can get comparing apples to apples and put the miles on.
-the old days of being with one broker for years who you usually knew personally in the smaller areas is gone now and he is too likely. there is a big consolidation going on in that industry as there is with most industries today. 20yrs ago i could call approx 15 places for beef or pork prices in canada and now maybe a 1/2 dozen of each. then we go state side which is happening a little bit with the cars, haggerty. the banks getting into this industry has changed the face of it, big time from what i have heard. they should be shopped every 2-3yrs, 4 max i believe.
-a little thing i try to do is have all my insurance coverage for everything i need/want insured all come due at one time. it can sometimes cost a couple of extra dollars to get one or 2 of them pro-rarted to your time of choice. then i am only talking insurance once a year not like it was at 2-3-4 times as certain things came due. you will still end up with 1-2-3 different policies for different things but now you have a package and you only talk about it once a year. Priceless. i can remember shopping for personal car insurance and being told the price could be better if we had everything, usually the house etc.. now its, here's my package, how much? if i remember right it was state farm or all-state maybe that had reasonable car insurance but only if they had the rest of it. i have a little tweaking to do now to get the time frame tighter for my once a year. insurance due is march for me cause i am a little slower then.
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-think of it as a game you are going to play very 2-3yrs but it is rigged as a lot of the stuff is compulsory and you are playing with a bunch of whure's. the more you learn the game the whure appears pettier.
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"if you are not the lead dog, the view is all the same"
oldkoot i wish i could all i know is they are telling me they have this detailed 15 page of requirements for the acceptable appraisal i have nothing yet and not sure just what all they need it is a bit frustrating thanks bob
So they have set a detailed standard of what an appraisal must contain before they will accept it, there choice, sounds like they have been talking with the P.A.V.E clowns. Think about it, if getting insurance with them is this difficult, imagine if you should have a claim!!! Run Forest, run.
A while back 19a's were discussed on OR. If I remember correct everyone said Hagarty won't do 19a (I might not remember correctly but I think that's what was said) But I'm with Aviva/Hagarty through my broker and I have a 19a with them.
OPCF 19 "Actual Cash Value": O.P.C.F. #19 Actual Cash Value. Limiting the Amount Paid for Loss or Damage Coverage. This form limits the amount payable to the actual cash value or the amount stated on the form, whichever is less. ACTUAL CASH VALUE is the market trend and depreciation value combined limiting the amount paid by the insurance company. OPCF 19A "Agreed Value":
O.P.C.F. #19A Agreed Value of Automobiles. This form provides coverage for an automobile on a stated value basis. Professional appraisals are required to substantiate the value as per rules of FINANCIAL SERVICES COMMISSION OF ONTARIO. You are not eligible for a 19A in Ontario without a licensed appraisal.
They can wright what they want on the policy it doesn't mean they are going to honour it. You will loose in court .
HURRAH!!!!!!!!! i finally have insurance on the other Z/28 camaro after a meeting with my broker and intac's head office people we came to an agreement to allow this appraisal go through BUT i have been warned by intac that all appraisals coming into there company will have to do this long form of appraisal to suit them i am glad to get this done and move on but what a pain thanks bob
In the very near future all appraisers are going to need to be accredited, and the insurance companies are all going to want a detailed appraisals. I don't blame them I blame all of the alleged appraisers that have no real qualifications other then being a car guy. The last appraiser that did that with me was asked to excuse himself and leave with all due respect. We all know the type of appraiser that comes looks talks it up and has the nerve to ask you what it is worth and what value would you like to see on it. What ticks me off more is the guy with a car that has a true value of 15K and has the nerve to brag to his buddies the that his appraisal came in at 30K.Yes JMO that it is time to standardize the industry. Nothing new as I am in the marine industry and all the marine adjusters and surveyors have to be accredited or the survey is non acceptable. There is a lot of work that goes into a proper appraisal every thing from market conditions internet research on the same vehicle in the same condition, Geographic's and so on. I also think it is important that an appraiser explain how they arrived at the value and how he or she acquired the value. Remember you get what you pay for. If I am paying someone for an appraisal I want detail and an honest opinion good or bad
In the very near future all appraisers are going to need to be accredited, and the insurance companies are all going to want a detailed appraisals. I don't blame them I blame all of the alleged appraisers that have no real qualifications other then being a car guy. The last appraiser that did that with me was asked to excuse himself and leave with all due respect. We all know the type of appraiser that comes looks talks it up and has the nerve to ask you what it is worth and what value would you like to see on it. What ticks me off more is the guy with a car that has a true value of 15K and has the nerve to brag to his buddies the that his appraisal came in at 30K.Yes JMO that it is time to standardize the industry. Nothing new as I am in the marine industry and all the marine adjusters and surveyors have to be accredited or the survey is non acceptable. There is a lot of work that goes into a proper appraisal every thing from market conditions internet research on the same vehicle in the same condition, Geographic's and so on. I also think it is important that an appraiser explain how they arrived at the value and how he or she acquired the value. Remember you get what you pay for. If I am paying someone for an appraisal I want detail and an honest opinion good or bad
you hit the nail on the head. the insurance industry as a whole is changing and not just the auto side of it.
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"if you are not the lead dog, the view is all the same"
