I would like to put some of my equipment on a insurance plan. Who does equipment appraisals?
The thing is i bought my old machine for what it was worth in scrap at the time.
Now it looks brand new, and should run soon. They obviously don't sell it any more since it was dated from the late 70's. It will soon be a full refurb/rebuild and should be worth a decent amount of money. Who is my best bet to get an accurate ballpark of what it is worth so i can insure it for that value, and/or migrate it to my business as an asset. I could easily record it for any value i deem reasonable, but that would be a foolish thing to do because i wouldn't want to over/undershoot its value.
Anyone else in the same boat or has ventured down this path? I just like to cover my bases so if something happens im set.