Appraised values

[richard waters]

One of the recent threads got me thinking about insurance and appraised
values. It bothered me that our coaches supposedly only have a book
value of $5,000. Someone mentioned NADA and so I went to their web
site: http://www.nadaguides.com/ValuesHome.html to see if my 1976 Palm
Beach was listed. It was not. They only have values for 1978. I'll
assume my '76 should be worth close to what a '78 is worth. Am I
correct with this assumption?

This is what NADA says for GMC:

1978
NO LONGER PRODUCING MOTOR HOMES.
Model: PALM BEACH
Length: 26'
Coach Design: Motor Home
Floor Plan: Covers all floor plans
Self-Contained: YES
Low Retail: $12,000
Average Retail: $14,820
High Retail: $16,150

I know that places like Cinnabar do appraisals for coaches that have had
extensive upgrading.

Richard Waters
1976 Palm Beach
Troy, MI

 

[thomas g. warner]

Thats what state farm used for me.

>One of the recent threads got me thinking about insurance and appraised
>values. It bothered me that our coaches supposedly only have a book
>value of $5,000. Someone mentioned NADA and so I went to their web
>site: http://www.nadaguides.com/ValuesHome.html to see if my 1976 Palm
>Beach was listed. It was not. They only have values for 1978. I'll
>assume my '76 should be worth close to what a '78 is worth. Am I
>correct with this assumption?
>
>This is what NADA says for GMC:
>
>1978
>NO LONGER PRODUCING MOTOR HOMES.
> Model: PALM BEACH
> Length: 26'
> Coach Design: Motor Home
> Floor Plan: Covers all floor plans
> Self-Contained: YES
> Low Retail: $12,000
> Average Retail: $14,820
> High Retail: $16,150
>
>I know that places like Cinnabar do appraisals for coaches that have had
>extensive upgrading.
>
>Richard Waters
>1976 Palm Beach
>Troy, MI
>
>
>
>
>
Tom & Marg Warner
Vernon Center NY
1976 palmbeach

 

[david l greenberg]

They only have values for 1978.
>I'll
>assume my '76 should be worth close to what a '78 is worth. Am I
>correct with this assumption?
>
>This is what NADA says for GMC:
>
>1978
>NO LONGER PRODUCING MOTOR HOMES.
> Model: PALM BEACH
> Length: 26'
> Coach Design: Motor Home
> Floor Plan: Covers all floor plans
> Self-Contained: YES
> Low Retail: $12,000
> Average Retail: $14,820
> High Retail: $16,150
>
>I know that places like Cinnabar do appraisals for coaches that have
>had
>extensive upgrading.
>
>Richard Waters
>1976 Palm Beach
>Troy, MI
>
>
Like real estate a coach is worth, in market terms, what someone is
willing to pay for it. On the other hand the NADA averages are what
passes thru dealers hands. Usually they don't want to keep a 25 year old
RV on the lot so they turn them over with low prices.

Mine is appraised and insured for $43k and altho it is worth a lot more
than that to me, someone would probably not think it is worth the
appraised value. Since I will never sell it the value is only important
in case of a total loss.

Don't be caught short.Regardless of what you paid for your coach, have it
appraised and get it insured for that amount...and don't delay!

David Lee Greenberg F22009
GMC Motorhome Registry
200 MacFarlane Drive PH4
Delray Beach, FL 33483-6829