How to get an AGREED car valuation
How to get an AGREED car valuation
Author
Discussion

richtvr

Original Poster:

467 posts

256 months

Monday 7th February 2011
quotequote all
hi guys,

i have recently spent a lot of money on my sag a want to know how i can get an agreed vehicle valuation so i can present this to my insurance.

reason for this is because when my car was involed in the fire a TVR Power it was more complex getting what i belived to be the value of the car, the assesor did say in the future to have a agreed valuation on your car to make life easier.

cheers

rich

Rooty

725 posts

255 months

Monday 7th February 2011
quotequote all
Hi Rich,

I believe it's just a case of taking at least 3 up to date photographs and asking a car club/dealer/good indie to provide a report on the condition of your car. The report will include their valuation of your car.

Who services the car?

Cheers,

James

Number 7

4,113 posts

292 months

Monday 7th February 2011
quotequote all
Sorry if its stating the obvious, but you need an agreed value policy. I have one through Classicline, although I'm not sure whether insurers do this type of policy for relatively modern cars (i.e. less than 10 years old). With my insurer, its a self certification process involving several photos, and simple condition questionnaire, not forgetting the list of modifications of course. This only applies to values up to £20K IIRC, and I expect that yours is far higher. In these cases, you would need a reputable person (pro TVR vehicle inspector maybe) or a TVR specialist dealer to certify the value. Forget the TVRCC - they have not provided this service for several years due to cost issues with obtaining PI cover.

MPoxon

5,329 posts

203 months

Monday 7th February 2011
quotequote all
I have my car insured through Manning and have an agreed value an headed paper from my TVR specialist.

It is definitely worth getting this done as there are not many cars worth what Parkers / Glasses suggest as most have now fallen into the hands of enthusiasts and looked after as such.

2mad

180 posts

209 months

Monday 7th February 2011
quotequote all
Best to get 6 photos front, back,both sides, interior,and engine bay plus engineer/condition report with valuation from reputable dealer.

biper

2,097 posts

247 months

Monday 7th February 2011
quotequote all
[quote=MPoxon]I have my car insured through Manning and have an agreed value an headed paper from my TVR specialist.

[quote]
What he said

phillpot

17,512 posts

213 months

Monday 7th February 2011
quotequote all
took mine to David Gerald TVR (now in Redditch so probably not too far from you) they put it up on the ramp, had a look around then typed me out an valuation letter and all for just a tenner.

My insurers required such a letter, they would not accept "my valuation" and a couple of photo's which I thought quite reasonable, lets face it you can look through the classifieds and plenty of 6-7k Chimaeras look as good as 10k + cars from the pictures.

glow worm

7,457 posts

257 months

Monday 7th February 2011
quotequote all
I would have thought Dom (TVR Power) would be only too pleased to give you a valuation FOC bearing in mind your previous problem.

Mr MoJo

4,698 posts

246 months

Tuesday 8th February 2011
quotequote all
MPoxon said:
I have my car insured through Manning and have an agreed value an headed paper from my TVR specialist.

It is definitely worth getting this done as there are not many cars worth what Parkers / Glasses suggest as most have now fallen into the hands of enthusiasts
and looked after as such.
Same here, insured with Mannings for the first time this year. Insisted on an agreed value policy. They were happy to take a letter on headed paper from Fernies who I bought the car from originally along with 3 photos of the car. I'll certainly be doing this on an annual basis if values keep heading upwards as they seem to be doing currently.
I wouldn't consider insuring it now without an agreed value.

OatSy

1,550 posts

246 months

Tuesday 8th February 2011
quotequote all
Classicline just needed 3 recent photo's and that's all.

glow worm

7,457 posts

257 months

Tuesday 8th February 2011
quotequote all
Mannings agreed valuations last for two years, so only have to get new valuations and new photos every two years.

Always check the correct value is written on your schedule of insurance smile

Edited by glow worm on Tuesday 8th February 09:19

jimed

1,508 posts

236 months

Tuesday 8th February 2011
quotequote all
I was doing the insurance rounds recently and some insurers wanted a valuation from someone who had no vested interest in the car - that meant in their terms that the place where you get it serviced, etc. can't do it as they have an interest (seems strange to me!) so if they want an independent valuation check who can do it.
Jim

richtvr

Original Poster:

467 posts

256 months

Tuesday 8th February 2011
quotequote all
cheers guys i'll have a ring around at the weekend, as i have a company fleet policy they just ask for a total value of vehicles. But in my last case where the third party was at fault and excepted liablity would give me better fighting power for a fair pay out.

rich

S6 Devil

3,556 posts

263 months

Tuesday 8th February 2011
quotequote all
REIS who were previously Richard Egger only wanted 6 photos to give an agreed value.

bad company

21,919 posts

296 months

Wednesday 9th February 2011
quotequote all
Does anybody know the minimum age of the car for an agreed valuation? I have a Chim 500 which I bought new in March 2002. The insurance is due at the end of this month.

glow worm

7,457 posts

257 months

Wednesday 9th February 2011
quotequote all
No minimum age of a car with Mannings, my Tuscan was on an agreed valuation for new in 2006 (current AV £40k) and my Chim is 2001 (current AV £18.5k)