Insurance Valuations

[RS2000CUSTOM]

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.

Dave

Lets apply this to your Red popster as it is a priceless piece of Mister history.

But lets say you are ready to hand the car over for £60k

The deal is almost done but I jump in with £75k (yeah right - lol)

Your original buyer say sod off I will give you £100k

Final Sale price (as in the world of Ebay etc) ends up at £125k as another Wannabee Mister out bids us all (I think this is called Sniper Bidding - or open cheque book buying)

Then the new Red Pop owner wants a valuation based on his expenditure of £125k.

As far as I am concerned for INSURANCE VALUATION purposes he can prove his expenditure so therefore he can have that valuation

BUT

His insurance premiums will be based on the £125k figure and his insurance company will have the final say on how much they will pay in the event of a claim.

But if you asked me for a Commercial Valuation of the Red Pop then I would have to say based on known recent purchases of 18's the market could sustain a valuation of £45 - £50k as it is such a rare car with excellent provenance.

Money may not be able to buy you love but enough of it will get you most other things needed to build a MKII RS Escort

[RUDDY]

have you got a hpi????

I never saw one Neil,he moaned all year and never got his finger out of his arse to sort anything, unlike others who provided everything Custom has stated above and were issued their valuation straight away.

I've bit my tongue over your constant recurring valuation thread Hally but you are your own worst enemy, all I asked you to do was follow the club rules but you wanted your arse wiped for you.

Good luck to the next reggie

[RS2000CUSTOM]

Having just read the small print on the RSOC Valuation sheet I am left a little confused ?????

The sheet is called an Insurance Valuation

So why at the bottom of the page is a registrar required to sign saying in the event of the vehicle being sold it is worth ................. ?

An Insurance Valuation is different to a Commercial Sales Valuation !

[RS2000CUSTOM]

Could be an interesting read

http://www.financial-ombudsman.org.uk/publications/technical_notes/motor-valuation.html

[paul andrews]

would i have to join the rsoc to get a valuation on my escort?my insurance will only agrre value the car to 25,000 and the car to build/replace is way higher than this figure.could/would it be acceptable to get an outside vauation on the car and be submitable to the adrain flux.any other insurance companys you guys could recomend for modified escorts please?cheers

[Chesney]

I reckon 5 grand's about rite fer t'plant pot!!

[hally]

my hpi was in place at a certain show but as regastar you went home at 11.30 because you where bored! even though i asked you at 8.30 in morning!

[Andyc]

now now children

[RS2000CUSTOM]

my hpi was in place at a certain show

My RSOC applied for HPI was sent direct to Paul Ruddy !

How did you get yours before Paul ?

[RUDDY]

my hpi was in place at a certain show but as regastar you went home at 11.30 because you where bored! even though i asked you at 8.30 in morning!

Which show was that Hally , was I bored of the show or bored of you

My RSOC applied for HPI was sent direct to Paul Ruddy !

How did you get yours before Paul ?

Any HPi's that were done via the club for valuations a copy went direct to the member and a copy direct to me, no copy ever came via the club for Hallys car or he would have had his valuation copleted as everyone else who asked did, haven't had any other complaints .......well not many

[hally]

no it was cumbria show you where bored of! you know you always getting bored, remember you stepped down from registar 3 times!!!

[RS2000CUSTOM]

Any HPi's that were done via the club for valuations a copy went direct to the member and a copy direct to me, no copy ever came via the club for Hallys car

I bet Hally tried to save a couple of quid and bypass the RSOC's terms and conditions for obtaining a valuation and "borrowed" an HPi report from his work !

Thats why Ruddy never got a copy and Hally has never had a valuation carried out.

Ring Emma at the RSOC office and order an RSOC HPI valuation Hally she will then issue a Valuation reference number to Ruddy to sort - simple !

[hally]

ill wait for the new registrar, maybe take the role serious!!!!!

[RS2000CUSTOM]

ill wait for the new registrar, maybe take the role serious!!!!!

I wouldnt wait too long as values are on a serious downward spiral and a valuation is based on "current" market values at time that the valuation was carried out !

[hally]

wont make any diffrence as got no agread value on it now so atleast will get something on it!