Agreed Value Auto Insurance Appraisals in Charlotte, NC
Agreed Value vs. Stated Value Insurance — Auto Appraisal Network-Charlotte (What Local Owners Should Choose)
If you own a classic, custom, collector, or exotic in Greater Charlotte, choose agreed value insurance backed by a certified appraisal. It locks in a payout amount you and your insurer agree on—so if your vehicle is stolen or totaled, you’re paid that amount (not a depreciated estimate). Auto Appraisal Network–Charlotte provides the certified appraisal insurers ask for to write proper coverage.
Call 704-703-4801 to get started.
Why Coverage for Classics & Customs in Charlotte Needs Special Handling
Classic, collectible, and custom vehicles in Charlotte, Concord, Gastonia, Huntersville, Matthews, Ballantyne, and Lake Norman don’t follow normal depreciation. Many appreciate—especially after restorations and upgrades. Standard policies often don’t reflect this, which is why your coverage type matters.
What Is Agreed Value Insurance?
Agreed value coverage is the gold standard for specialty vehicles. You and the insurer agree upfront on your vehicle’s value—supported by documentation and a certified appraisal.
If there’s a total loss or theft, you’re paid the agreed amount. No surprise reductions, no “book value” shortcuts.
What insurers typically require in Charlotte:
- A certified appraisal from an independent expert (that’s us)
- Detailed photos and documentation of condition and upgrades
- Proof of recent market comps and build costs (parts + labor)
Auto Appraisal Network-Charlotte advantage: Our reports are built from real, verified sales (not auto-generated or AI-scraped comps) and are widely accepted by insurance providers.
What Is Stated Value Insurance (and Why It’s Risky)?
“Stated value” lets you list a number on your policy—but most policies allow the insurer to pay the stated value or Actual Cash Value (ACV), whichever is lower.
For appreciating or highly modified vehicles, that gap can cost you thousands after a claim.
Why Agreed Value Coverage Wins for Specialty Vehicles
- ✅ Guaranteed payout if totaled or stolen (the amount you agreed to)
- ✅ No depreciation surprises
- ✅ Covers true replacement cost, including labor, donor parts, and customizations
- ✅ Backed by an independent, certified appraisal—credible, defensible, accepted
Am I Underinsured Right Now?
Many owners in Mecklenburg County only discover gaps after a claim. If your policy isn’t clearly agreed value (and supported by an appraisal), you may be at risk.
Good times to re-appraise:
- You added $1,000+ in upgrades (wheels/tires, performance parts, interior, audio, paint, bodywork)
- Significant market changes for your model
- Major restoration milestones completed
- Every 2 years as a best practice to keep coverage current
Certified Appraisals for Agreed Value Insurance
Our reports include:
- Documented modifications & upgrades (parts + labor)
- Condition and originality vs. customization
- Market comps (Charlotte & national) with verified sources
- 100+ color photos and full narrative
- A certified value conclusion insurers and attorneys accept
We serve Charlotte, Concord, Gastonia, Rock Hill, Huntersville, Matthews, Mint Hill, Indian Trail, Cornelius, Davidson, and Lake Norman.
Quick Comparison
Agreed Value Insurance
- ✔ Best for classic, collector, custom, and exotic vehicles
- ✔ Payout = pre-agreed amount (no ACV override)
- ✔ Typically requires a certified appraisal
- ✔ Protects appreciating and heavily modified builds
Stated Value Insurance
- ✘ Often treated like a cap; payout may default to ACV
- ✘ Does not guarantee the amount you “state”
- ✘ Risky for appreciating or high-build-cost vehicles
What You’ll Need for Your Appraisal
- VIN, year/make/model, mileage
- Build sheet: parts, labor, and invoices (as available)
- Restoration photos or history
- Notes on originality, provenance, awards, and documentation
FAQs
Do insurers in North Carolina accept your appraisals?
Yes. Our independent, certified reports are widely accepted for agreed value policies and claims.
When should Charlotte owners update an agreed value appraisal?
About every 2 years, or after major upgrades or market shifts, so coverage matches today’s replacement cost.
Can you help if my vehicle was already damaged or stolen?
Yes. We document prior condition and market value using verified comps and your records to support your claim.
Get the Right Coverage. Get It Appraised.
You’ve invested serious time and money—protect it with agreed value coverage supported by a certified appraisal.
Auto Appraisal Network–Charlotte
704-703-4801
DavidB@AutoAppraisalNetwork.com
Request your appraisal today and lock in the value your vehicle deserves.
