Insurance Valuations

[hally]

wheres mine?

[Dave1800BDA]

be patient!

wheres mine?

[grum]

wheres mine?

Ruddy will do it one day

[RS2000CUSTOM]

wheres mine?

Its with your valuation

[paul spence]

, be patient!!!!!

[oldskooljoe]

Its with your valuation

PMSL.....where's the valuation lol

[hally]

lets hope the new registrar doesnt think its a big joke!

[topaz]

have you got a hpi????

[grum]

lets hope the new registrar doesnt think its a big joke!

i wont

[paul spence]

i wont

[grum]

see if we can get a biggun here Paul

[paul spence]

[RS2000CUSTOM]

lets hope the new registrar doesnt think its a big joke!

i wont

Nor would I - lol

If ever I was a registrar doing valuations ALL owners can have whatever valuation they like

BUT

They have got to provide evidence on how they calculated their valuation - this would take the guise of a shopping list with current prices and estimates for items required to reinstate the vehicle in the event of a claim. Also "dated" photographic evidence to back up current condition will be required.

Insurance policies are only to reinstate a vehicle to a condition considered "pre-claim" and not to build a bigger or better specced vehicle after a claim.

I have had 5+ years dealing with insurance companies and Insurance engineers and I can assure anyone that if no "pre-claim" evidence is available that substantiates a valuation then regardless of policy value an owner will struggle to get anywhere near the "agreed value" figure in the event of a total loss.

What people must consider is an RSOC valuation is for Insurance purposes only and is NOT an indication of how much a vehicle is commercially worth.

If for example an owner wants a £20k valuation on an RS2000 then only their insurance policy payment will be based on that figure.

When said car is up for sale it may only achieve £10k as a buyer will only pay what they want at the end of the day.

[Dave1800BDA]

Nor would I - lol

If ever I was a registrar doing valuations ALL owners can have whatever valuation they like

BUT

They have got to provide evidence on how they calculated their valuation - this would take the guise of a shopping list with current prices and estimates for items required to reinstate the vehicle in the event of a claim. Also "dated" photographic evidence to back up current condition will be required.

Insurance policies are only to reinstate a vehicle to a condition considered "pre-claim" and not to build a bigger or better specced vehicle after a claim.

I have had 5+ years dealing with insurance companies and Insurance engineers and I can assure anyone that if no "pre-claim" evidence is available that substantiates a valuation then regardless of policy value an owner will struggle to get anywhere near the "agreed value" figure in the event of a total loss.

What people must consider is an RSOC valuation is for Insurance purposes only and is NOT an indication of how much a vehicle is commercially worth.

If for example an owner wants a £20k valuation on an RS2000 then only their insurance policy payment will be based on that figure.

When said car is up for sale it may only achieve £10k as a buyer will only pay what they want at the end of the day.

good points,

What about cars like worthers and the amber car, one with receipts for over £40K, albeit labour as well, would you value them at that dave.
Also modified cars imo are easier to value than a standard or an original car

is this thread been hijacked now

[RS2000CUSTOM]

Insurance Valuations

So not to hijack the Rocker Cover thread - lol