lil_g
Member
Registered: 29th Oct 06
User status: Offline
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gutted for you mate 
Looked so good at trax too!!
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Fro
Member
Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
User status: Offline
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Unlucky mate, Looked really nice when i saw it at trax.
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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quote:
Originally posted by Robin
quote:
Originally posted by Steve
is agreed value reviewed yearly?
Yes, but think about your house insurance. If you've got a 5 year old TV, which cost £750, you get £750 if it's nicked, not £200 to buy a 5 year old one, it's the same if you have a decent insurer.
The £15k isn't about the sale value of the car, it's about how much it would cost to replicate it, which is why Paul H has an agreed value of £5k, but his car wouldn't sell for that...
The value of the mods on Ash's car won't be any less to have done now than they would have been 5 years ago.
My car has an agreed valuation of £4500; bear in mind its a 1993 Corsa 1.2 8V with 130k on the clock - however if I were to replicate the car the agreed valuation with the insurers is £4500. I have to submit at least 7 colour photographs anually, 1 of each side, 1 of the front, 1 of the back, 1 of the engine, 1 of the boot and 1 of the interior.
Alongside this I have to submit all documentation and receipts for work, dates that all work is carried out and in the case of concourse/classics a club representative also has to give their opinion as to the value/condition of the vehicle.
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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quote:
Originally posted by LiVe LeE
My car has an agreed valuation of £4500; bear in mind its a 1993 Corsa 1.2 8V with 130k on the clock - however if I were to replicate the car the agreed valuation with the insurers is £4500. I have to submit at least 7 colour photographs anually, 1 of each side, 1 of the front, 1 of the back, 1 of the engine, 1 of the boot and 1 of the interior.
Alongside this I have to submit all documentation and receipts for work, dates that all work is carried out and in the case of concourse/classics a club representative also has to give their opinion as to the value/condition of the vehicle.
 Does this cost any more with the insurer? i.e. like paying for protected no claims?
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Fro
Member
Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
User status: Offline
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Its does as far as I am aware.
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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It costs me £25 admin fee to have the paperwork done, but the insurance isn't much. I'm 24, 6 years NCD when I last renewed, agreed valuation all modifications covered like for like or at my discretion - say someone damages front bumper I can have whichever bumper I choose and I paid £340 including the admin fee. So it cant be much more than a normal FC policy.
Thats one fo the main reasons I haven't changed my car even though I could afford to now, it's so cheap to run but its worth more to insurance than I could get selling it
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chumbly_warner
Premium Member
Registered: 22nd Aug 03
Location: Leicestershire
User status: Offline
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Got the car back last night.
I need to start getting quotes for fixing the car now off insurance approved bodyshops. I think they are going to have a problem as you cant get the paint anymore So it might have to be a full respray...
After driving it again when i wasnt really annoyed, i still love the car and have to get it back up to standard!
The bump was only as slow speed and had cracked where the metal support ends, causung the bumper to flex and split the arch and sideskirt on the joint. It is fixable, but i am not going to let it get bodged.
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Steve
Premium Member
Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
User status: Offline
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£4.5k pmsl
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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quote:
Originally posted by Steve
£4.5k pmsl
with receipts and documentation this is the value not only agreed with but actually suggested by the insurers. I'm happy to accept as in the event of a full write off and if I chose to, then to reproduce the car from standard would cost £4.5k+
I wouldn't choose to do it again but at teh end of the day it's how I chose to go about my insurance, the money I've spent on the car since I've owned it is almost covered so at least I wouldn't get "market value"
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Ian W
Member
Registered: 8th Nov 03
Location: Wirral, Merseyside
User status: Offline
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Have my XE Gsi on an agreed value of 4k and like for like part replacement 
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Haimsey
Premium Member
Registered: 8th May 05
Location: Nottingham Drives: Corsa B
User status: Offline
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Hope it gets fixed soon.
Marcy Marc 
White Sport Progress Thread
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nik
Member
Registered: 19th Jun 00
User status: Offline
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I'll write my car off and ask for 40k+ then, better than the 18k I'm trying to sell it for.
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little_duke
Member
Registered: 21st Aug 06
Location: Tamworth,staffordshire Drives: rover coupe
User status: Offline
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gutted for you mate,am i right in thinking this is the corsa with the camel colour dash and half style steering wheel?
EDIT: just seen your garage 
[Edited on 23-11-2007 by corsa_sri_mark]
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chumbly_warner
Premium Member
Registered: 22nd Aug 03
Location: Leicestershire
User status: Offline
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That is m interior and its Lemon leather
I am determined to get it back to its old condition if not better, just may take a bit of time...
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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quote:
Originally posted by nik
I'll write my car off and ask for 40k+ then, better than the 18k I'm trying to sell it for.
you don't ask for the amount afterwards, the amount has to be agreed with supporting documentation at the date of commencing insurance. If you had supporting receipts for all the work carried out on your EVO along with photos and the amount totalled £40k plus, I'm sure you could get an agreed valuation for the amount its worth to replace/rebuild.
No point being an arse about it; just because people use an insurance facility which is there and open to anyone - why take the piss?
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nik
Member
Registered: 19th Jun 00
User status: Offline
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quote:
Originally posted by LiVe LeE
quote:
Originally posted by nik
I'll write my car off and ask for 40k+ then, better than the 18k I'm trying to sell it for.
you don't ask for the amount afterwards, the amount has to be agreed with supporting documentation at the date of commencing insurance. If you had supporting receipts for all the work carried out on your EVO along with photos and the amount totalled £40k plus, I'm sure you could get an agreed valuation for the amount its worth to replace/rebuild.
No point being an arse about it; just because people use an insurance facility which is there and open to anyone - why take the piss?
Because I think it's a joke - Can't believe in this day and age insurance companies agree to this, everyone knows on the 2nd hand market 'mods' don't make an ounce bit of difference to a car's value. It's just asking for somebody to accidently lose/crash or burn their car IMO. For them to pay out 5-6k for a car worth £1500-2000 for instance is madness.
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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In your eyes, but the system is there at least for the time being. It didn't cost a fortune to take out above the cost of a normal "modified car" policy.
The companies that offer it tend to be the specialists, HIC, Adrian Flux etc and its aimed a both modifed and classic cars; the latter ebing especially difficult to put a value on.
The insurance is not related to the second hand valuation, it is related to the valuation required to exactly replicate the car in the event of a total loss. Its obvious not many people take advantage of the service though but there's no reason why they can't.
The whole point of insurance is to cover your posessions in the event of loss or theft, why can this not apply to cars?
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Baskey
Member
Registered: 31st May 06
User status: Offline
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My old mans MG is insured for the sum of parts, plus the Man hours it would take to build.
His car was complty built up so he had to hand over recepts to show how many hours the guy who built it charged him for.
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Robin
Premium Member
Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline
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Without an agreed value, I'd get about £800 for my car. It's worth nearly 4 times that, so I think I'll pay the extra £15 on my policy for the 'joke'.
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