Club valuations for insurance companies

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Woodsy99

CCCUK Member
I have recently joined the CCUK and currently searching for a manual convertible C5 or preferably a C6.
I’m also a long term member of the Jaguar Enthusiasts‘ Club and they operate a very good valuation scheme for Jaguars of all ages which is recognised by insurers such as Peter James to provide agreed value cover.
I can’t find any details of a similar scheme offered by CCUK - does anyone know of plans to introduce something similar to the JEC scheme?
If not, please could something be considered by the committee as it would represent a significant benefit to all members and also help to increase club membership.
 
Roscobbc

Roscobbc

Moderator
A club valuation scheme is something that has been discussed at committee level - previously Tom Falconer from Claremont Corvette offered free insurance valuations for CCCUK members.
The problem for the club offering valuations for potentially 'all members' is simply - logistics - effectively finding someone within the club prepared to do this.
Frankly we do not have a good record of members 'stepping-up' and offering to help administration for the CCCUK. Some that have 'stepped-up' historically have believed club roles are simply honorary and have not been prepared to put the required time and effort in to the positions. Accordingly you can perhaps understand our caution in making a service like this available for all members.
Without appointing a specific 'valuations officer' to the club any valuations currently would be done by 'yours truly'. We would be prepared to look at doing a very limited numbers of valuations (time permitting) upon request for earlier cars (C1's, C2's and C3's) in much in the same way as we have for members looking to register a recently imported car. High resolution images of front, left and right sides, rear, interior, speedo reading, engine compartment, vin number and chassis of the vehicle and an indication of what the member thinks the car is worth would need to be submitted. Remembering as someone won't physically be seeing the car the quality of images is all important.
 
W

Woodsy99

CCCUK Member
Firstly, thanks for the response.

As an ordinary member I’m unaware of total CCUK membership but do appreciate that a club valuation scheme would have to be admin light.

The JEC have to be one of the largest clubs in the UK and the valuation is handled by one official who also has other responsibilities , so I believe their scheme, which has been in operation for many years Is relatively simple in admin terms. All the club official has to do is review the form which the member submits, add a value, then return the form to the member. Over the years the JEC have built up quite clear values for the myriad of Jaguar models and the variations within model types.

The way the JEC scheme works is as follows:
# Member arranges insurance with Peter James insurance (or other club providers) and is sent a form by the insurance company to complete which ask all the obvious questions. I understand the form was designed by the club in conjunction with insurance companies and there is only one version.
# Member then sends the completed form by post to the JEC along with pix (which can be sent by email) and a fee of GBP12. Unless there is something very special about the car, the member does not self value it, but is asked to place a condition 1-4 on it using the criteria detailed on the form
# Without seeing the car the JEC official then adds a club valuation and signs/stamps it, returning it to the club member.
# Club member then send it to the insurance company who accept the club valuation which is valid for 3 years
# The JEC scheme covers all cars over 10 years old

Such a scheme would offer a significant additional member benefit, additional revenue to club funds and help to grow membership numbers.

So, hopefully a way could be found to introduce a similar scheme to the JEC in the near future - could this be reviewed at the next committee meeting?
 
Eurovettes

Eurovettes

Supporting vendor
Woodsy99 said:
I have recently joined the CCUK and currently searching for a manual convertible C5 or preferably a C6.
I’m also a long term member of the Jaguar Enthusiasts‘ Club and they operate a very good valuation scheme for Jaguars of all ages which is recognised by insurers such as Peter James to provide agreed value cover.
I can’t find any details of a similar scheme offered by CCUK - does anyone know of plans to introduce something similar to the JEC scheme?
If not, please could something be considered by the committee as it would represent a significant benefit to all members and also help to increase club membership.
Click to expand...
Please contact me. I can provide the relevant valuation for insurance purposes. I will need vin, reg, mileage, modifications, pictures frt back inside and engine. Address where to send. Thanks Keith Beschi : Eurovettes. Keef@eurovettes.com
 
Roscobbc

Roscobbc

Moderator
Woodsy99 said:
Firstly, thanks for the response.

As an ordinary member I’m unaware of total CCUK membership but do appreciate that a club valuation scheme would have to be admin light.

The JEC have to be one of the largest clubs in the UK and the valuation is handled by one official who also has other responsibilities , so I believe their scheme, which has been in operation for many years Is relatively simple in admin terms. All the club official has to do is review the form which the member submits, add a value, then return the form to the member. Over the years the JEC have built up quite clear values for the myriad of Jaguar models and the variations within model types.

The way the JEC scheme works is as follows:
# Member arranges insurance with Peter James insurance (or other club providers) and is sent a form by the insurance company to complete which ask all the obvious questions. I understand the form was designed by the club in conjunction with insurance companies and there is only one version.
# Member then sends the completed form by post to the JEC along with pix (which can be sent by email) and a fee of GBP12. Unless there is something very special about the car, the member does not self value it, but is asked to place a condition 1-4 on it using the criteria detailed on the form
# Without seeing the car the JEC official then adds a club valuation and signs/stamps it, returning it to the club member.
# Club member then send it to the insurance company who accept the club valuation which is valid for 3 years
# The JEC scheme covers all cars over 10 years old

Such a scheme would offer a significant additional member benefit, additional revenue to club funds and help to grow membership numbers.

So, hopefully a way could be found to introduce a similar scheme to the JEC in the near future - could this be reviewed at the next committee meeting?
Click to expand...
Thanks for your reply Woodsy - an interesting and logical analogy. Firstly I'm guessing the JEC will have many, many more members than the CCCUK - and perhaps salaried full time officials?. We are all voluntary staff fitting things-in perhaps between our normal work and domestic lives - so time understandably is limited for each of us. As you have indicated the JEC over a given period of time have been able to build-up a database of knowledge for all Jaguar models and presumably typical values. This is for a UK market car with a very large enthusiast base and vehicles numbers in the 10's of thousands I'm guessing. So logistically it would be far easier to follow typical market trends and values with far more buying and selling activity and countless marque specialists (one can count the UK Corvette 'specialists' on the fingers of one hand)
The Corvette market in the UK on the other hand is far, far smaller and accordingly is much more difficult to put values on cars except perhaps the later vehicles which would have a market reference in the UK (having been officially sold here)
With exchange rates seemingly continually falling a car bought-in from the USA, say 10 years ago would seem like a bargain compared with the costs of buying and the same car today - reality is that (excepting late model cars) Corvettes are challenging to value in the UK. Fortunately we have members like Keith Beschi and Tom Moss who have very specific knowledge on specific marques and who I'm sure would be happy to help out. Administratively we would still need someone to take on the role of valuations officer (presuming we appointed one and we had someone who is prepared to take such a role on) - all ourcurrent CCCUK staff really have more than enough work to do with their individual current roles. Our next committee meeting will be a 'virtual' Skype meeting - we can potentially discuss if enough members request.
 
curious bystander

curious bystander

CCCUK Member
I insure mine with Adrian Flux. I fill in a form every year and send the seven photos. When asked to put a value on the form I'm always slightly "optimistic" - but if they don't agree they knock it back.
So maybe these insurance companies already have a pretty good idea of values? So tell them what you think and wait and see.
 
Roscobbc

Roscobbc

Moderator
Insurance valuations will not be a priority at any committee meeting this year I'm guessing - however if an individual member offered his or her services as club valuations officer................?
 
Carlie@A-Plan

Carlie@A-Plan

Supporting vendor
Our underwriters have a good understanding of the vehicles we insure, so our Agreed Valuation process is submitting a series of photographs to support the value you are asking for. If they are unsure (not very often!) then they may ask for an independent valuation.

Just to add... unlike some other brokers Agreed Value is at no extra cost with A-Plan Thatcham - there is no charge for agreed value but there are certain requirements for Agreed Value to be considered :)

Carlie :cool:
 
ClassicLineInsurance

ClassicLineInsurance

Supporting vendor
Good morning all, we can assist as well with agreed valuations. If you obtain a policy with ClassicLine we can provide an agreed valuation very quickly, you would just need to complete a quick valuation report form and send us six photographs of the car. It’s a very slick process and takes a few minutes. Would be more than happy to give you more details, just give us a call on 01455 639 000. Thanks :)
 
D

DAN@ADRIAN FLUX

Supporting vendor
Hi.
We are able to agree the vast majority of of valuations without the need to obtain an independent valuation with just the completion of our vehicle condition report and seven photographs.
If anyone needs any help with insurance at all then please feel free to drop me a line.
Regards,
Dan.
 
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