insurance values????

[maz]

hi i've recently bought and insured my rs2000 custom 1979 and insured i'm worried that i have under valued it looking at the prices they are going for on ebay although it does have a lot of owners but is in good condition any ideas i valued at £5ooo dont know how to put pics up
thanks:banghead:

[GAZ W]

Unless you have an agreed value with your insurers it doesnt matter what you tell them its worth, if anything happens to it they will only pay book price for it

get an agreed value on it .

[Aled]

hi i've recently bought and insured my rs2000 custom 1979 and insured i'm worried that i have under valued it looking at the prices they are going for on ebay although it does have a lot of owners but is in good condition any ideas i valued at £5ooo dont know how to put pics up
thanks:banghead:

then it might be a bit difficult to help :confused2:

[maz]

have got agreed value on it gonna try and get some pics up now

[dingy]

Unless you have an agreed value with your insurers it doesnt matter what you tell them its worth, if anything happens to it they will only pay book price for it

get an agreed value on it .


Thats total bollox gaz.

[GAZ W]

Well before i had an agreed value on mine when i was speaking to AON they asked me how much i thought i was worth , i told them and they told me that if it got stolen they would still only pay out book price for it hence why i got it properly valued and sent the valuation off to AON .


Only going by what i was told;)

[maz]

http://i194.photobucket.com/albums/z184/maz_049/rs4.jpg


http://i194.photobucket.com/albums/z184/maz_049/rs3.jpg

http://i194.photobucket.com/albums/z184/maz_049/rs1.jpg

[dingy]

I gave my insurance company the spec with photo's and told them the cost of replacement.

Mine is currently insured for more than triple what the rsoc would value it at on parts to replace alone....


10k engine
2k brakes
2k suspension

etc etc....

I didn't want the resell value cause its not for sale, i wanted it replaced if it got stolen....

[GAZ W]

.

[RStu]

Do they follow book prices on what the owners clubs publish? Or the guide prices that are in magazines like the back of Practical Classics?

After sending in pics to my insurance they sent back how much they thought it was worth, with a certificate of guaranteed valuation. I was quite pleased :)

[maz]

ok cheers but do u think i have under valued it as i only know what i paid for it they have agreed to what i told them but kinda wished i said more now and let them haggle would be gutted if it got nicked but it first one i have had so not sure what i should have done

[topaz]

I think anyone doing a valuation would require more to give you an accurate value, interior shots, engine bay shots, boot floor, underside etc etc, also at better resolution.

[maz]

thats what i sent them

[maz]

I think anyone doing a valuation would require more to give you an accurate value, interior shots, engine bay shots, boot floor, underside etc etc, also at better resolution.


that is what i sent them these are just what i have on computer at mo

[dingy]

I don't think you can give a real valuation from pictures alone to be honest.

[maz]

that is all they asked for?
is that normal

[Dave1800BDA]

I don't think you can give a real valuation from pictures alone to be honest.

correct, i wouldnt value a car through just looking at photos as the car always looks good in the picture,