The Argument of Appraisals
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The Argument of Appraisals



While on this topic- I remebered an article in my
local paper which can really really relate to us
Imperial owners...

        A guy goes to buy his dream car (well say a '68
Imperial so people can invision this as the story goes
on).
        His friend owned it since highschool, and it needs a
full restoration, but "runs". Friend offers to sell it
for something like $1500. They go for a test drive,
when it gets hit head on- totaled. Insurance company
offers $500. Haggling gets that figure to $2,000, and
the car is exchanged to the car guy for $500.

        Car is totally restored- and I mean completely.
Mechanically, electrically, body, etc. Front end off
of a junker is even cut off and shiped to the guy for
this restoration job from the other side of the
country (US).

        Then car is appraised and put in storage for the
winter.

        Ice storm hits- roof of the storage shed caves in and
is almost touching the car. Guy goes and has
friends/engineers look at it. Car is safe at the
moment but in great danger- must get "cut out of
building". Owner of building doesn't allow that.
        Owner talks to owners, insurance companies...
finially gets the legal ability and permission to cut
the car out before it's wrecked... only temperature
goes up, snow/ice melts, and sends a great chunk of
the building into the roof of the car- and then allows
the melting snow to go right into the interior.

        Insurance company would have paid $2500 without the
appraisal. This guy was lucky enough to have done so a
head of time- and was able to restore the car a 2nd
time with help of the insurance money.

        Moral? Appraise it if you bother to get the car
insured for "acts of god". Also helpful if seeking
money from damages occured to the fault of someone
else in a crash..... no fun to spend thousands on a
resto job and get a $800 totaled check from the
insurance company! Also always keep all records of
purchases for parts, etc.

        Thought some here might like the true story (only in
the article it was a different model...).

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