APPRAISING THE VALUE OF A RAT ROD FOR INSURANCE

Rat rods? Even insurance companies such as Hagerty and Grundy who will insure just about any vehicle sight-unseen – with no appraisal necessary – are confused when it comes to providing coverage for a rat rod.  A typical policy states it can’t be a daily driver, and you also have to have another vehicle insured for each driver to use as a daily. Often, the only way you can get your coupe covered as a daily driver is with liability only. The insurance industry doesn’t like old cars on the road. Making them difficult to insure is one way for them to solve the problem.

Your rat rod must be used on a very limited basis, such as exhibitions, club activities, and parades or similar events according to many policies offered. From Wikipedia: A rat rod is a style of hot rod or custom car that, in most cases, imitates the early hot rods of the 1940s, 1950s, and early-1960s. The style is not to be confused with the somewhat closely related “traditional” hot rod, which is an accurate re-creation or period-correct restoration of a hot rod from the same era. The typical rat rod is a late-1920s through to late-1950s coupe or roadster, but sometimes a truck or sedan. Rat rods often appear unfinished and, at most, primer-only paint jobs are applied; satin, or matte, black and other flat colors are also common. “Natural patina” (the original paint job, with rust and blemishes left intact); a patchwork of original paint and primer; or bare metal, in rusty or oiled varieties, with no finish at all are some of the other finishes that may be used. Interiors of rat rods can range from spartan to fully finished, though this is typically the final phase of construction. Rat Rods have actually evolved over the years and have gone through several different changes and phases. They require imagination and craftsmanship to be done right. Rat rods are built to be enjoyed and driven. The St. Lucie Appraisal Company understands your build and can provide an appraisal which will satisfy the most demanding insurance underwriter.

READ CUSTOMER REVIEWS OF THE ST. LUCIE APPRAISAL COMPANY






Please email photographs and build information to contact@stlucieappraisal.net

Service throughout
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi , Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

Vehicle Valuation Report for Title and Registration – Auto, Truck, RV, Motorcycle and Heavy Equipment

The St. Lucie Appraisal Company prepares valuation and diminished value appraisals for all types of cars, trucks, RVs, motorcycles and heavy equipment in all 50 states. In each county of every state, motor vehicles being titled and registered for tags and license plates are assessed a tax based on the vehicle’s value. If your car was ever involved in a collision, especially one involving severe damage that included structural (frame) damage or air bag deployment, you are paying up to double the amount you pay for motor vehicle title and registration taxes.

For example, if you own a late-model Audi, Bentley, BMW, Cadillac, Ferrari, INFINITI, Jaguar, Lamborghini, Land Rover, Lexus, Lincoln, Lotus, Maserati, Mercedes-Benz, Porsche, Rolls-Royce or Tesla which the state values at $50,000, your motor vehicle tax is approximately $3,500.00. However, the same car showing a bad Carfax, Autocheck or other repair history report may have an actual value of up to 50% less. The resultant tax saving would be $1,750.00. If your motor vehicle is worth more, your savings increase exponentially. RVs such as Prevost, Newmar or Featherlite and heavy trucks such as Mack, Kenworth, Peterbilt or Volvo that have been repaired after collisions aren’t worth nearly as much as those that were never wrecked. The motor vehicle tax saving on a half-million-dollar vehicle could be in the tens of thousands of dollars.

READ CUSTOMER REVIEWS OF THE ST. LUCIE APPRAISAL COMPANY

Call The St. Lucie Appraisal Company at 772-359-4300 to inquire about obtaining a vehicle valuation appraisal when you obtain a title for a high-end vehicle or next time you renew your registration.

 




 

The cost to obtain a vehicle valuation appraisal is $275.00. Use the payment button above and email either your vehicle’s Carfax report or repair estimate from the body shop or insurance company to contact@stlucieappraisal.net. You will receive a signed vehicle valuation appraisal from a licensed motor vehicle appraiser via email in one week.

Service throughout
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi , Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming