This inspection summary and appraisal field report detail the legendary 1966 Ford GT40 MKII, specifically chassis XGT 3, which sold at Mecum Kissimmee 2026 for a staggering $12,375,000. Widely regarded as the most original example of the breed, this factory…
Classic and collector vehicles are rarely insured the same way as daily drivers. Standard auto policies are not designed to account for rarity, restoration quality, provenance, or market volatility. This is why many owners choose agreed value insurance policies. An…
Many vehicle owners are told that once repairs are completed, their car has been fully restored and no longer suffers any loss in value. This is one of the most common and misleading statements made during insurance claims. In reality,…
When your car is declared a total loss in Florida, it can feel overwhelming. Most vehicle owners are not prepared for how quickly the process moves or how much control the insurance company has early on. Understanding what happens next…
When a vehicle becomes part of an estate, determining its value is not as simple as checking an online price guide. In probate and estate matters, fair market value must be established accurately and defensibly, because that number can affect…
If you are dealing with an insurance claim, vehicle valuation dispute, estate matter, or financial review, you will almost certainly encounter the terms fair market value and actual cash value (ACV). While they are often used interchangeably, they are not…
A classic car appraisal should be updated whenever significant factors change—such as market trends, vehicle condition, restoration work, or insurance coverage—to ensure your collector car’s value reflects its true current worth. Why You Should Regularly Update Your Appraisal Updating your…
Diminished value is the loss in your vehicle’s market worth after it’s been repaired from an accident even when the repairs are done correctly. Understanding Diminished Value If your car has been in an accident, chances are it’s worth less…
An Actual Cash Value (ACV) appraisal determines the fair market value of a vehicle based on its condition, age, mileage, and comparable market data. For financial institutions, accurate ACV appraisals are vital to ensure lending security, protect collateral, and confirm…
After an accident, your car can lose value even when repairs look perfect. That loss is called diminished value. In Florida, only certain owners can file a claim. Use this guide to confirm eligibility, avoid common mistakes, and learn when…
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