Elsa_jag wrote:How do you guys handle agreed values?
I have renewed my insurance with Peter James, mileage 3k, 2 drivers, kept in garage and agreed value. Paid £179.00
Problem is, to get the agreed value activated I must have a form completed by someone of reasonable responsibility within an owners club or an independant garage (independant garage want to charge for the service!), the form asks about condition and cost to replace vehicle in case of total loss.
I know people on here don't value these machines highly, but if a quick look on autotrader and ebay reveals rough examples £0+, good examples £1k+ and some real nice low mile rare cars at anything £2k to £10k - I don't want my car insured for replacement at £500. I know to replace my car with like for like I'm looking at around £2k.
I know from a past thread there was talk of having regional co-ordinaters - Would these be suitable people to countersign the form and verify condition of the car? If so, who looks after west mids?
XJ40-MARK wrote:sorry guys, had`nt spotted this
i`m not sure how other companies work, but with mine (lancaster), i have to pay £15 p/a for agreed valuation. you submit your own form on vehicle condition, work done and copies of any receipts you have. i also have to submit 6 photos of the car.
i each side
i front view (including number plate)
i rear view
i interior shot
i engine bay shot.
they generally agree with any valuation i send in, but for some unknown reason, they ALWAYS knock £100 off it, every year.
this year they agreed 2k for it, which i think is realistic and fare!
as regards carls insurance, i have no issue with helping him or anyone, but i do know that sometimes, if not mostly, they do insist that these valuations are done by someone who is of official status, i.e, mechanic, official club valuer etc.
my m8 who`s chairman of our club, often does valuations and they very often phone him and ask how he comes to these figures and he has to give explanations!
BigCat40 wrote:I've just gone over to Lancaster. Around £120.00 cheaper than Adrian Flux for the same policy cover and better breakdown cover.
naki_k wrote:has anyone ever had their jag "written off" by an insurer for a relatively minor damage like a wing/ bonnet or bumper?
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