Valuation
- Thread starter Nassau65
- Start date
DAN@ADRIAN FLUX
Supporting vendor
Hi.
If it's of any help we recommend this guy for valuations.
julianshoolheifer.wordpress.com
Regards,
Dan.
If it's of any help we recommend this guy for valuations.
Julian Shoolheifer Classic Vehicle Valuations
We provide specialist valuations of veteran, vintage and classic cars, classic motorcycles and classic commercial vehicles for insurance, finance, legal purposes and for acquisition and sale. As an independent valuation company operating throughout the UK and Europe, we will provide you with...
julianshoolheifer.wordpress.com
Dan.
Nassau65
CCCUK Member
Can you advise me how to proceed?
Thanks
Rich
Administrator
Apologies for the delay. Mark Eaton deals with valuations on behalf of the Club. Email editor@corvetteclub and he can tell you what we need.
if going to the trouble of that please make sure that you have an "agreed value" policy. if not the insurance company can and will totally ignore what anyone else might think it is worth and pay "market value" as thats what a standard policy covers you for because that is what they have based the premium on and legally their are prefectly within their rights to do that. tread carefully here. if someone says your car is worth £100k then tell the insurers at the start and send the paperwork and let them THEN set the premium and you then dont fall in to the pit that is know as "under insured"
Nassau65
CCCUK Member
Oh yes, I’ve always had agreed value policies on my vehicles. I hadn’t increased its value for many many years, so thought it was time to update. Tom Falconer of Claremont Corvette always did my valuations but as he’s now retired wasn’t sure who to get to do it.
All sorted now.
Thanks for the reply.
All sorted now.
Thanks for the reply.
Sounded like you did know actually, it was more a general notice to others that getting a valuation is one half of the equation. Unless you do what you are doing, it has zero legal use in a claim.
In your case, if you do that and the price plummets during the year, the insurer is obliged to still pay out the estimate you gave as they set their premium to that.
It's a proper minefield but you are for sure doing it right. Plenty don't.
Some market values they set are nuts.
I had one legal battle on the basis of ok find me another....I actually won it.
I now ONLY do agreed value on precious toys.
Run of the mill I take the same risk millions do.
In your case, if you do that and the price plummets during the year, the insurer is obliged to still pay out the estimate you gave as they set their premium to that.
It's a proper minefield but you are for sure doing it right. Plenty don't.
Some market values they set are nuts.
I had one legal battle on the basis of ok find me another....I actually won it.
I now ONLY do agreed value on precious toys.
Run of the mill I take the same risk millions do.