Thoughts on insurance agreed value?
Posted: Fri Aug 03, 2012 1:20 pm
Hi folks
My dad's been asked to renew his agreed valuation for the phase 1 valver, which has been in the family since 2004 now
Now from memory when we originally valued it we said £1500 based on the condition, recent expenditure and market for these at the time.
I'm pretty sure since then values have firmed up a fair bit for average or above average cars?
It went for its MOT today, having done 300 miles since the last one, and the tester confirmed it's all good underneath and a definite keeper.
For those that don't know the car it's an '88 in silver and was low mileage and FCSH when we bought it but with a number of niggles. It spent a fair bit of time at Witmun Engineering having crank oil seal, clutch and a gearbox oil leak sorted at vast expense, plus cambelt and water pump.
Since then it's always been garaged and a 2nd car.
It's now done 51,000 miles only
It had a new head 3 years ago due to corrosion of the water ways resulting in head gasket failure, so had a new belt then too.
Last year it had new rear arm bearing kits on both sides.
Interior is mint and probably the only thing that lets it down is lacquer peel on the spoiler and roof (not horrific) and a couple of minor scrapes on the back bumper.
I reckon it's got to be worth the top end of 16v values and was thinking £2,500 wasn't an unrealistic insurance value?
Thoughts/opinions?!
Thanks all
Adrian
My dad's been asked to renew his agreed valuation for the phase 1 valver, which has been in the family since 2004 now
Now from memory when we originally valued it we said £1500 based on the condition, recent expenditure and market for these at the time.
I'm pretty sure since then values have firmed up a fair bit for average or above average cars?
It went for its MOT today, having done 300 miles since the last one, and the tester confirmed it's all good underneath and a definite keeper.
For those that don't know the car it's an '88 in silver and was low mileage and FCSH when we bought it but with a number of niggles. It spent a fair bit of time at Witmun Engineering having crank oil seal, clutch and a gearbox oil leak sorted at vast expense, plus cambelt and water pump.
Since then it's always been garaged and a 2nd car.
It's now done 51,000 miles only
It had a new head 3 years ago due to corrosion of the water ways resulting in head gasket failure, so had a new belt then too.
Last year it had new rear arm bearing kits on both sides.
Interior is mint and probably the only thing that lets it down is lacquer peel on the spoiler and roof (not horrific) and a couple of minor scrapes on the back bumper.
I reckon it's got to be worth the top end of 16v values and was thinking £2,500 wasn't an unrealistic insurance value?
Thoughts/opinions?!
Thanks all
Adrian