An accurate appraisal is the backbone of an agreed-value policy. If the number is too low, you’re underinsured. If it’s inflated without documentation, a claim can get contested. Here’s how to get it right.
1. Use a Qualified Collector Car Appraiser
Not every general appraiser understands classic and collector vehicles. Look for someone with specific experience in your car’s era and market – membership in a recognized appraisal association is a good signal.
2. Document Originality and Numbers-Matching Status
Matching numbers on the engine, transmission, and body can significantly affect value. Bring build sheets, title history, and any factory documentation to the appraisal.
3. Photograph Everything, Including Flaws
A credible appraisal reflects actual condition – paint, interior, undercarriage, engine bay. Thorough photos protect you if a valuation is ever questioned later.
4. Keep Restoration and Upgrade Receipts
Parts invoices, labor records, and shop documentation all support your value and make it easier to update your agreed value after major work.
5. Reappraise Periodically
Collector car values shift with the market. Plan to reappraise every 2-3 years, or sooner after a significant restoration, to keep your agreed value current.
Once you have a solid appraisal in hand, the next step is making sure your policy actually reflects it. That’s where a broker who specializes in collector vehicles earns their keep.
Get help matching your appraisal to the right policy – visit our Contact page.
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