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Insurance valuations

Will Statt

Well-known member
28 Aug 2003
I've just renewed my Insurance with Aviva. (£325 which I think's pretty good)

What concerns me though, is if I was unlucky enough to get pranged, then what value would they put on my pride and joy? It's a late '97 C4 coupe manual, with 66k miles, perfect history, Ocean blue, air con, 18" hollows, etc... blah blah. Essentially it's as good an example as you could find, looks and drives amazing, and I reckon it's worth the best part of £30k as all the 993 'essential jobs' are done, so there would be no first year big bills putting it right. (plus it's NB, so worth a bit more! ':D'

Should I get a professional valuation, so that if I was unlucky, I'd have evidence of it's value?

What do you think?

It's not a garage queen either, as I use it through the summer, though not every day, but I do wrap her up for winter once there's salt on the roads.

I spoke to my Insurance company last week about valuation. In order to accept a guaranteed valuation they told me the car would have to have a garage to stay in. Currently my car sits on the drive which apparently was not acceptable for guaranteed valuation.
Unless you have an agreed valuation policy then you could have a fight on your hands in the case of a total loss. Aviva would value your car as low as they can (for arguments sake £16k). They won't take into account condition or "essential work" at least not initially. They might offer you more once you kick and scream but you really don't want the hassle.

The other corollary of a low valuation is that the insurer will be more inclined to write the car off in the case of a minor accident. It doesn't take long to make these cars uneconomical to repair if valued at £16k.

I would always get an agreed value policy which shouldn't cost you much more. :thumb:

Remember you almost certainly have a 14-day cooling off period on your Aviva policy as part of the distance selling laws. (edit: not sure if that applies to renewals)
mark pearce said:
Happy to give an valuation letter for you as I have done for many members

Thats very kind of you. I would like to take advantage of your generosity if you don`t mind.

Are we best to email you direct with a few pictures and details of the car etc etc?
I recently changed my Insurance company purely on the grounds that they would not give me an agreed value on my car even though the price quoted was excellent.
Unfortunately the price you would pay for one of our cars is not reflected accurately in such things as the Parkers guide or equivalent.
My car is not worth as much as yours, but when I pushed the Insurance company for an answer all they would say was they would pay me out on an average price based on the guide. Although my new policy cost me a little more, I went with classic line who were prepared to give me an agreed value on the grounds that I supplied them with a valuation.
At least I now have peace of mind that if the worst were to happen I would get a fair price without having to haggle.
Hi Mark,

That's very kind. I see you're a long way from me. I assume you'd need to see the car to do a proper job? What's the normal procedure?

I'm up in Leicestershire.

Distance selling regulations are 7 days.

However you will still have to pay a "time on risk" charge.

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