R

Rorie

Active Member
Having just finished a rebuild, i'm trying to get an agreed valuation for my 90's insurance. Adrian Flux are giving me a 'sale price' or 'forecourt' valuation, but i'm trying to get a 'replacement cost' value.

Adrian Flux told me to get an independent valuation done and they'll review this (bit stupid as i paid them to do the valuation...).

So has anybody jumped through these hoops before? Any suggestions on where / how to get the car valued on 'replacement' basis?

Thanks
 
Normally AF look at pictures of the motor & list of receipts & agree the value.
When they say it needs to be independent do they give a list of companies to use or can a forum member do this?
Not had any problems when I Say my motor is worth more When book price is less.

Is there not a AF rep on the site anymore?
 
I used A- Plan they at least valued my OF a lot more than a normal P38, but did drop it on renewal so I had to point out mine was going up not down in value they agreed, (limited mileage policy) but even so I don’t think it would have fully covered a like for like replacement but would have certainly stopped them from writing it off so quick.

I honestly found AF no help as they didn’t even recognise my OF.

J
 
AF dont let you speak to the valuation people. You pay them £15, send them all the info (including what i think the value is) and they just reply with a different figure.

I've done this before and it seems they just knock you down by a certain %. I dont understand why though - the premium goes up to cover the increased cost, so it doesnt make sense why they want to 'down rate' the car. I actually went in with a figure i thought was low!

They never gave me any suggestions on who they would accept. They just said if i disagreed, go get another valuation and they'll consider it!
 
how can they value without viewing ? I would base the value as a new build motor but they base it as an old used motor.
I have agreed values on the S1 without photos.

Do you not get to see any paperwork for how they agree the value? You should as you have made a payment for a service.
 
I am fortunate to know someone in the trade who was able to value SWMBO's D1 - the spec is pretty rare, and the condition converts into hens teeth ...

A-Plan seem to be playing ball - but if and until we had cause to make a claim ..... how will we know ? And .... I'm not criticising said broker at all for this, but they are the broker .... if the worst come to the worst, then I'd be expecting something of a battle, and be needing the services of a good loss assessor ;)

AF wouldn't do business use on a classic policy, so they were no use to me.
 
My rebuild is insured through Admiral and they didn't ask for any evidence of the value I put on it. TBH I set a value greater than book, but probably not as much as it's actually worth. Obviously, Defender values are very debatable. Having said that, I had a walk around the forecourt of Land Rover Centre Huddersfield today and left thinking I'd undervalued mine by a fair bit. Weird science, shifting sands and all that :rolleyes:
 
Not had a problem raising the agreed value of my RRC in the past, but I suspect the lack of garaged parking will be the stumbling block if I want to raise the £AV this year.
 
Rorie said:
Having just finished a rebuild, i'm trying to get an agreed valuation for my 90's insurance. Adrian Flux are giving me a 'sale price' or 'forecourt' valuation, but i'm trying to get a 'replacement cost' value.

Adrian Flux told me to get an independent valuation done and they'll review this (bit stupid as i paid them to do the valuation...).

So has anybody jumped through these hoops before? Any suggestions on where / how to get the car valued on 'replacement' basis?

Thanks
Click to expand...

Hi there,

Thanks for the message and our agreed valuation department are generally flexible as to the valuation placed on a vehicle. However we are continually audited by our underwriters and they will pinpoint a valuation that is out of kilter with the rest of the market. We do fully understand the amount of work that goes into a restoration but unfortunately we can only agree to a market value - i.e the valuation cannot take into consideration the labour cost and hours spent. The valuation has to be realistic of course. If you wished to message me your full name / postcode I will get someone in the valuation department to take a look.

Kind Regards,

Dan
 
I fully appreciate 'sale price' vs my personal labour costs. I'm keen to get a 'cost to replace' value so that if the worst happens, i will be able to get a similar car and have the ability (finance) to bring it up to the same condition. I thought that was kind of the point of the agreed valuation - to insure the replacement cost knowing that the 'street value' or 'market value' is different.

Adrian Flux said:
Hi there,

Thanks for the message and our agreed valuation department are generally flexible as to the valuation placed on a vehicle. However we are continually audited by our underwriters and they will pinpoint a valuation that is out of kilter with the rest of the market. We do fully understand the amount of work that goes into a restoration but unfortunately we can only agree to a market value - i.e the valuation cannot take into consideration the labour cost and hours spent. The valuation has to be realistic of course. If you wished to message me your full name / postcode I will get someone in the valuation department to take a look.

Kind Regards,

Dan
Click to expand...
Thanks Dan - i'll send a PM just now.
 
You must log in or register to reply here.

Similar threads

S
Defenders Vs Insurers tomfoolery
Replies
1
Views
3K
lightning
lightning
L
SOLD - Land Rover Ninety (Defender 90) 300TDi Auto soft-top
Replies
9
Views
5K
mondifa
M
border
1970 Series 2a 109 Pickup
Replies
7
Views
2K
TUROX44
T
lightning
LV car insurance
Replies
16
Views
2K
lightning
lightning
P
Fault finding Autobox Freelander 1 (V6)
2
Replies
20
Views
3K
felborba
felborba