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So....
Any thoughts on my original (serious) question?
Lets say someone buys the red one for £30k, what do they tell their insurance...? Or is it just a question of providing the insurance co. with the invoice...Irvin
'08-'0?:
'97 Coupe, Kingfisher Blue
'01-'08:
'93 ABY Coupe, Milltek cat-back, Alpine dvd Sat-Nav/Changer
www.irvinduguid.comComment
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I dont know about England but in Belgium you can have your car taxated (if thats the word?) if you want.
A specialist comes and checks the car out, he puts all the up and downsides on a list and gives the current value. With that you can go to your insurance company and insure the car for the new worth. This is totally legal.
Another possibility is to show the bill to the insurance-company. Some do allow that as prove for its total value, but this is not as common.Comment
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agreed value on the insurance? i have mine insured ( ur's ) for £14.5k and £16.5k but they have two valuations now to prove etc. Be interesting to see how the Insurance co handled a claim , mine paid up the value when i stuffed one up though but they are all different
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Classic car policy
In the UK its very easy at 15 years old to get an agreed insurance value as a modern classic. Heritage is one company I use. Upto then its market value, which means you can get stuffed by insurance company if you do more than repairable damaged and the car is written off.
RS2315 sorry to hear you did not have a good experience.Last edited by ti1103; 5 February 2013, 02:20.Comment
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not going to be easy getting agreed value at that. they need to agree.
the usal happens they ask whats the value then in the next sentence say we will only give you market rate. why ask the value?
both are very nice cars granted and value is all opinion so no offence with my previous comment. i dont spend over 6k on a car. not cos i dont have it but old metal and more than that doesn't touch my radar.Comment
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Yes correct not always easy getting a high agreed valuation. I managed £15K on an Alfa GTV6 and currently £25K on the RS2. The main thing I find is getting the valuation high enough so they have to repair in the unfortunate event of an accident and not write it off which is the last thing I'd want. On sub £10K cars it doesnt take much to write them off sometimesComment
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If you ask for a much higher value than market value they usually ask "why?". If you can prove why then they will usually agree. For examle, My opel Manta was on an agreed value policy above market value, but I supplied them with a detailed list of what had been done along wigth pics and it was a concours winner etc. They agreed no problem. The thing is if your valuation is seriously above their market value, can you justify it? For a modified car it is sometimes easier, wheels worth £1k etc.
You would need a classic policy, don't think you could get agreed valuation on an every day policy.1996 Audi S6 Avant.
1994 80 TDI - Daily DriverComment
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Agreed re classic policy. Not even worth considering a normal policy, even on the lower priced RS2's the insurance companies would always offer a lower value than what they are currently selling for. Looked at a Cat D B5 RS4 last year and the previous guy had bought it for £26K from NJ and 6 months later the insurance company were writing it down as a £12K car based on book value, it was repaired but only just, I didn't buy as damage had been more serious that I was led to believe.Comment
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if he paid Nick Johnson 26 grand for it, it was probably only worth 12 grand anyway !!! he's got or had a nice two tone silver rs2 in for sale at the moment. it kind of faded from dark at the front to light at the rear. make a nice car for anyone who likes a badly painted car.
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