need new Insurance company

[John McGinnis]

--- In WanderlodgeForum@yahoogroups.com, "Gregory OConnor"
wrote:
>
> I was always able to buy a cetified realestate apprasial for the
> value I needed, I guess the RV guys are the same. I first thought
> stated value would be a fair way to buy insurance but I can see
> problems with these overstated values making RV's flammable. It
is
> crap like this that makes insurance a game and the security of
> insurance expensive. Leroy and the other good folks of this forum
> who like having replacement insurance for 'pease of mind' end up
> paying for the few who abuse the plan.
>
> GregoryO'Connor
> 94ptRomolandCa
>
Gregory,

I am sorry to disagree with you about selling a certified appraisal,
and I find it extremely unethical for anyone to do so. I will say I
know of real estate appraisers who are working for banks who may be
incline to push numbers more in the banks favor because the bank
wants to lend money to a specific borrower(that's why I no longer
appraise RE). That is just a matter of working with the right comps
to put the subject property in the expected target value range. As
for equipment, classic vehicles and RVs I work with several insurance
companies & lenders and my time is more valuable to me doing the job
correctly then it would be by sitting in court and having to defend
the appraisal. I hear clients almost on a daily basis who want a
specific value and it just goes in one ear & out the other. I can't
make their coach or vintage auto/bike worth more then what it is
actually worth. If a client keep harping about the value they NEED I
just put my bottom on the seat of my truck & head back to the office
because I know they are asking me to commit fruad. Divorce case
clients are the worst. My certifications & licenses are my
livlihood, I feed my family & buy fuel for my coach and I do it
ethically, legal and above board. I'm not saying that there are not
some out there who don't bend the rules but I believe if they value
their credentials they won't.
John McGinnis, Auctioneer/Broker/Appraiser, CAI, CES, CAGA
88FC35 Louisville, KY