Discussion
This year's insurance has ignored my notional valuation and instead lists "market value" on the certificate. Naturally I'd like to make sure I have up to date valuation since after any claimable event it might be hard to ascertain just how incredibly lovely my particular GT2 is 
Where would I get a properly written and admissible valuation? and would I need more than one?
Cheers in advance!
Where would I get a properly written and admissible valuation? and would I need more than one?
Cheers in advance!
ClarkPB said:
Are you in the Porsche Club? They can provide a letter supporting your valuation (speak to the regional organiser), both mine and my dads cars have just been done that way.
Just don't be in a hurry for it.It depends on your Insurer, mine accepted a valuation from my Indie. John Glynn (Impact Bumpers) does a valuation service that comes quite highly recommended.
supersport said:
Just don't be in a hurry for it.
It depends on your Insurer, mine accepted a valuation from my Indie. John Glynn (Impact Bumpers) does a valuation service that comes quite highly recommended.
Ours have always been handled very quickly, which has been handy as Dad's Gen2 RS has been re-valued twice since he aquired it in March! It depends on your Insurer, mine accepted a valuation from my Indie. John Glynn (Impact Bumpers) does a valuation service that comes quite highly recommended.
I wasn't being sarcastic, apologies if it came across that way.
I really don't think that you'll convince an Insurance CO. that doesn't currently offer an Agreed Valuation service, to add it mid-term. If it's an option of the policy (as with Manning UK), they will accept an Indy valuation mid-term.
You need to start by phoning your insurer and asking the question.
I really don't think that you'll convince an Insurance CO. that doesn't currently offer an Agreed Valuation service, to add it mid-term. If it's an option of the policy (as with Manning UK), they will accept an Indy valuation mid-term.
You need to start by phoning your insurer and asking the question.
supermono said:
So in summary don't buy the policy I bought and then get someone to do a valuation... 
I guess I was after practical advice -- names and recommendations of recognised valuers please.
If it's a renewal (rather than a new policy with a new insurer) then you can usually cancel and only be charged pro-rata for the days you've been on cover, so this might be a sensible option for you. Chubb (who Porsche now partner with) do agreed valuations.I guess I was after practical advice -- names and recommendations of recognised valuers please.
Marcus - do you not mean PCGB insurance partner is Chubb - special policy arranged via Locktons.
Porsche insurance is Aviva, brokered by Marsh.
Whilst the market is still rising, I'd take a market value policy all day long. You can soon find ways of proving what that is in the event of a total loss/theft.
Porsche insurance is Aviva, brokered by Marsh.
Whilst the market is still rising, I'd take a market value policy all day long. You can soon find ways of proving what that is in the event of a total loss/theft.
this, market value is rising, why only insure it at a value from 2 months back when the cars gone up 10k
all mine are market value, which is fine by me, also it keeps the price less, I was asked the value of my car and if I said less than 40k the quote was much less.
market value is more than 40k now but my insurance has not gone up. a win win.
I did phone up and ask them I wanted to insure my car for more, but they said you are ok if it's rising as it's insured market value.
if it was agree value I would be down 8k !!!
all mine are market value, which is fine by me, also it keeps the price less, I was asked the value of my car and if I said less than 40k the quote was much less.
market value is more than 40k now but my insurance has not gone up. a win win.
I did phone up and ask them I wanted to insure my car for more, but they said you are ok if it's rising as it's insured market value.
if it was agree value I would be down 8k !!!
Gassing Station | 911/Carrera GT | Top of Page | What's New | My Stuff