Hello,
With a stated value policy, how does the appraiser value the car?
Is the appraiser an employee of the insurance company?
If you have a track-only car that you bought for $40K (have a bill of sale) and add $10k of mods, including labor (and you have the receipts) how will the appraiser appraise the car?
Blue book makes sense for street cars but I would like to be educated in the process of appraising a track-only car.
Is Ontrack the only HPDE insurance that provide agreed value ?
Thanks,

 

" True Agreed Value"- On a totaled vehicle there is no looking at book value or depreciation. You get paid exactly what you valued your car at printed on the policy less deductible.The mods were already figured in the total price printed on the policy

Some other companies say "Agreed value" however they use book value and /or depreciation as well on a total and pay the lower of the two numbers