Car Valuations.

[Steve940estate]

I'm discussing insurance with a few companies and have been looking at what mine is worth for the agreed value.

Glasses Guide offer just under £1000 but looking around at some of the dealer prices for the same car you need to pay £1500 - £2000 to get something in similar condition.

The option of going for the agreed value is just £28 and might be worth it if they agree that the cost of getting a good replacement is more than the guide suggests.

Has anyone done this recently and had a good result ?

[Simeyb]

Hi - I haven't experience of this - does this mean you can pay extra to get an agreed (and presumably higher) settlement figure for a w/off? I know when I had an S60 2.0T totalled by a stupid bi*ch in her Polo, that Admiral found the lowest priced piece of crap of a replacement in Autotrader and tried to fob us off, but after some "delicate" negotiation they settled on a significantly higher figure - not sure of the small print in the policy, but we didn't pay extra for an agreed valuation - interesting thread.

[Steve940estate]

I'm thinking for the small extra amount it might be worthwhile. It depends if the company agree to the figure you suggest otherwise you still end up arguing about it. One benefit in your favour is that as you haven't paid them anything yet they moight be more willing to help to get your money perhaps.

[Simeyb]

I think its worth having a Google about this - there's just something in the back of my mind (which is a deep, dark and scary place!) that says these additional charges don't do what they should do i.e. that you still end up shafted, but I agree if it all looks straight and you can agree what the cost will be on a w/off, thats a start, but what about repairs, will they repair it up to a certain amount and then w/off - then what would you have to pay to buy it?

[kebab10]

We had a Rover 216 written off some years ago and the insurers "offered" a derisory amount for the total loss.

After sending adverts for similar cars from the local papers, Autotrader and the like they did offer a more reasonable amount. As for paying extra for these things, money down the drain.

[Steve940estate]

We had a Rover 216 written off some years ago and the insurers "offered" a derisory amount for the total loss.

After sending adverts for similar cars from the local papers, Autotrader and the like they did offer a more reasonable amount. As for paying extra for these things, money down the drain.

Yes thats how it normally works. A lot of classic insurance comes with the agreed value bit already in place. The extra is just to add it to the policy apparently.
I was told that in the event of the claim and the car being written off I would get back the agreed value of the car.

Have people had problems getting this ful amount back then ?

[Milky400]

My TVR has a agreed valuation of approx 2K above the average market value (dur to condition) and as said previously it tends to refer to either classics, modified, specialist cars basically anything that isn't your general run of the mill Mondeo

With regards to the TVR, the firm required a TVR Car Club regional person or a person who works on TVR's (but not the actual car in question!!) i.e a fully trained mechanic from a TVR Indi or a specialist car sourcer with experience of TVR's,to confirm the value in writting on there company paper, and they also required a number of pictures to back all this up.

Its not simply "i'll pay an extra 50 quid, and make my car worth what i want" they are very thorough, and if they believe the valuation to be very high they want reasoning behind it.

Not sure how it would relate to Volvos though, i would imagine as normal they will pay as little as possible.

Obviously in my situation, if i were unlucky enough to write my TVR off i cannot just pop down the road and pick up another.

Hope this helps.