My lovely 911 stolen last night
Discussion
I've been asking local businesses to look at the cctv. One called to say that the car was driven past their cameras at 12.58am this morning. I'm not sure what to do with this information as the police have closed the case having exhausted their enquiries.
I'm in a strange situation regarding market value as the value has increased in the last 12 months. There's been some increase in aircooled values sine February 2017 and I've fitted a full stainless steel exhaust and heat exchangers and just had the engine rebuilt. I'm sure that 'market value' serves the insurers with a depreciating car, but less so when values are rising.
I did not have an agreed value policy on this car, but the original 'estimated value' of £31,000 from when I bought the car a few years ago is still shown on the policy. I believe that the 'market value' of this car is somewhat higher. When I asked the insurance company about this they told me that I was in danger of paying too low premiums if my car is worth more now. I said that much of the rise in value has occurred since my last renewal in Feb '17.
Does anyone have experience of this?
I'm in a strange situation regarding market value as the value has increased in the last 12 months. There's been some increase in aircooled values sine February 2017 and I've fitted a full stainless steel exhaust and heat exchangers and just had the engine rebuilt. I'm sure that 'market value' serves the insurers with a depreciating car, but less so when values are rising.
I did not have an agreed value policy on this car, but the original 'estimated value' of £31,000 from when I bought the car a few years ago is still shown on the policy. I believe that the 'market value' of this car is somewhat higher. When I asked the insurance company about this they told me that I was in danger of paying too low premiums if my car is worth more now. I said that much of the rise in value has occurred since my last renewal in Feb '17.
Does anyone have experience of this?
Continental Orange. Black interior. Black pinstriped seats. BBS wheels. Old Kuhmo all season tyres (new ones waiting at home to be fitted). Demo labels in engine bay showing oil change dates. LHD. Dansk stainless exhaust. Odometer at 133,000 (Kms). 2 stickers on rear screen "Big Sur" butterfly and "Life's too short to drive boring cars". Electric aerial won't fully collapse.
Pip1968 said:
I have posted it on 911UK.com Fingers crossed they catch the scumbags.
Pip
Can you clarify it was stolen on Tue 30th at or around 0058 (early hours) and not 1258 (lunchtime) ????
Thank you. Yes, around 1.00 am on Tuesday morning.Pip
Can you clarify it was stolen on Tue 30th at or around 0058 (early hours) and not 1258 (lunchtime) ????
Edited by Pip1968 on Wednesday 31st January 12:14
Thanks Bert
I have a market value policy. I take that to mean that the insurers will pay the market value of the car (what it would take to replace the car).
I am looking at comparable cars for sale, in order to find the "market" price of my car. I am working on the assumption that the market price is the price at which I can buy a comparable car, not some discount to the price that it would cost me to replace.
So far it looks like it will cost nearer £45-50,000 to find a classic 911 in similar condition ie with a recent bare metal respray, suspension refresh and a rebuilt engine. Can anyone show me some cars that have this spec anre are significantly cheaper (and available to buy now)? I am using Pistonheads, Autotrader, ebay and some independent P. specialists like Portiacraft.
I have a market value policy. I take that to mean that the insurers will pay the market value of the car (what it would take to replace the car).
I am looking at comparable cars for sale, in order to find the "market" price of my car. I am working on the assumption that the market price is the price at which I can buy a comparable car, not some discount to the price that it would cost me to replace.
So far it looks like it will cost nearer £45-50,000 to find a classic 911 in similar condition ie with a recent bare metal respray, suspension refresh and a rebuilt engine. Can anyone show me some cars that have this spec anre are significantly cheaper (and available to buy now)? I am using Pistonheads, Autotrader, ebay and some independent P. specialists like Portiacraft.
citychap26 said:
Sorry for delay in answering!
I was not aware that my LHD 964 was worth in the region of 45-70k! I had asked that it's agreed value be moved up to 20k a couple of years ago as it was only insured for 10k. The insurance company in question is one I have been with for 10 years or more.
Now post my car being stolen I found that their website has a valuation tool which values my car at 45k!
So in my opinion they know what the true value of the car is. Neither the broker or the underlying insurance company alerted me that I was under insured.
The annoying thing is that one does not think about these things, in this day and age, It's just too simple to auto renew.
So ladies and gents, make sure that your car is insured for it true value. Thus far the only winner here is the c*nt criminal(s) who have nicked my lovely car. The police couldn't give a f*** and the insurance company are ducking and diving.
Sorry for rant, however this has been going on for 6 months, @OP I hope you have more luck.
Are you able to direct me to that valuation tool that you mentioned? That would be helpful for me (if it is accurate)I was not aware that my LHD 964 was worth in the region of 45-70k! I had asked that it's agreed value be moved up to 20k a couple of years ago as it was only insured for 10k. The insurance company in question is one I have been with for 10 years or more.
Now post my car being stolen I found that their website has a valuation tool which values my car at 45k!
So in my opinion they know what the true value of the car is. Neither the broker or the underlying insurance company alerted me that I was under insured.
The annoying thing is that one does not think about these things, in this day and age, It's just too simple to auto renew.
So ladies and gents, make sure that your car is insured for it true value. Thus far the only winner here is the c*nt criminal(s) who have nicked my lovely car. The police couldn't give a f*** and the insurance company are ducking and diving.
Sorry for rant, however this has been going on for 6 months, @OP I hope you have more luck.
Fortunately the specialist that rebuilt my engine provided me with a condition report on my car.
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