Independent car valuations?
Discussion
Does anyone know where I can get a proper independent car valuation carried out?
My insurance are being more than a little bit awkward on the valuation of my Supra.
I know what I paid for it.
I know what it is worth now.
The import company is willing to confirm both, in writing.
The import company cannot be used as they are not considered independent.
The next closest import company I know of with a good reputation is 6 hours away and has never seen the car.
Have tried showing them classified ads of similar cars (no stock-ish examples for sale in UK).
Bit bored of this TBH, won't be using them again. First time wanting an agreed valuation and will know to be much more forward in getting this agreed before taking out cover.
My insurance are being more than a little bit awkward on the valuation of my Supra.
I know what I paid for it.
I know what it is worth now.
The import company is willing to confirm both, in writing.
The import company cannot be used as they are not considered independent.
The next closest import company I know of with a good reputation is 6 hours away and has never seen the car.
Have tried showing them classified ads of similar cars (no stock-ish examples for sale in UK).
Bit bored of this TBH, won't be using them again. First time wanting an agreed valuation and will know to be much more forward in getting this agreed before taking out cover.
threesixty said:
Never had anyone ask for this, despite having cars were valuation was an issue.
I'd simply change insurer if it was me.
I think their main issue is the value has probably gone up 20-30% in around 6-8 months (Brexit/£/¥). Will insure for purchase price but not for current value.I'd simply change insurer if it was me.
Option 1: Agreed value at purchase price.
Option 2: Put it as higher value (but not agreed) and risk it.
I could end up with higher payout with option 2 but more unknown.
Edited by samdale on Tuesday 29th November 14:53
samdale said:
I think their main issue is the value has probably gone up 20-30% in around 6-8 months (Brexit/£/¥). Will insure for purchase price but not for current value.
Option 1: Agreed value at purchase price.
Option 2: Put it as higher value (but not agreed) and risk it.
I could end up with higher payout with option 2 but more unknown.
I've had the same issue. For my insurer "agreed value" simply meant a value that both I and the insurance company agreed on. Its insured for considerably more than purchase price, no inspections or anything else has taken place.Option 1: Agreed value at purchase price.
Option 2: Put it as higher value (but not agreed) and risk it.
I could end up with higher payout with option 2 but more unknown.
threesixty said:
I've had the same issue. For my insurer "agreed value" simply meant a value that both I and the insurance company agreed on. Its insured for considerably more than purchase price, no inspections or anything else has taken place.
Is this "considerably more" you speak of a guaranteed payout or merely a "we will pay up to this much and we'll argue about it at the time"?I currently have a low agreed valuation or a "market value" of considerably more. If they are happy to put that higher value on paper I don't see why I can't pay to guarantee it.
Spud1985 said:
the "market value" you have on paper is meaningless and is reviewed upon a claim and assessed at the current market value at the time of the claim.
An agreed value is just that, a guaranteed value the insurer will payout if your car becomes a total loss.
Something I may be able to help with. Pm meAn agreed value is just that, a guaranteed value the insurer will payout if your car becomes a total loss.
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