09-24-2015, 08:23 AM
I see this with special yachts. Best advice is to get an appraisal from a recognized appraiser, he or she should have recognizable credentials and I attach mine to the appraisal being performed.
Without an appraisal the value could and most likely would be questioned, this would put the owner in a delicate position. The value of the loss would now be subjective and left up to the insurer. I try to make sure that we are not "over-insured" and have been lowering the value of our '82 every time it appears warranted.
Good luck!
Without an appraisal the value could and most likely would be questioned, this would put the owner in a delicate position. The value of the loss would now be subjective and left up to the insurer. I try to make sure that we are not "over-insured" and have been lowering the value of our '82 every time it appears warranted.
Good luck!
Steve & Patti, Bonnie and Tucker
1982 Newell 38' Classic, DD 6V92
cocktails for as many will fit in the site, dinner for as many can sit at the pick-nick table and sleeps 2 since I fixed the couch