[GWN7]

Appraised value, Replacement value, Stated value or Market value are very different things.

Long story short, I bought a 72 Westy and had a accident with it coming home. Had to hire a appraisal guy for my insurance company. Paid him $150. He used the "Old Car Buyers Guide" and told me it was worth $12K I said my insurance company wouldn't like that. He said I don't do insurance claims. $150 wasted. Hired a insurance appraisal guy for another $350, settled with my insurance company and said to him I should get you to appraise my other cars. His answer was "Why? are you planning on having a accident with them? If not, then unless the appraisal is current it won't matter to your insurance company."

Even stated value claims can be denied by your insurance company unless they are in agreement as to the value of the car. IE you can't buy a $2,000 car and claim it's worth $50,000 when it's lost in a fire.

Market value: search the auction sites and see what is selling at what price to get a market value.