You'll notice a little L-shaped bracket that resides on the inner lip of the valance. Everything attaches to that. Yes, it strengthens the lower fender and valance. If your fender is flapping, there are actual fender supports that mount the outer fender by the wheel opening to the inner fender.

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1941 G506
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1946 3800
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1946 3600
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1924 Ford Model T Fordor