[a17esh]

Called my insurance for a value for my car, i said I paid 5k for it as they would base it on what you bought it for..............If i wrote the car off id be gutted with all the money Ive put into it, about 3k................OUCH!! I just dont trust em tho! What do i do to get a proper agreemet on the car?

 

[Mitch916]

You have to get an agreed valuation done. This is no good to you as I guess the money you have spent has not increased the value of the car. Agreed valuation is really aimed at cars in outstanding condition that are obviously worth more, not because the suspension rebuild cost £1000 (for example)

Edit, it doesn't really matter that you have said you paid £5K for it either, unless an agreed valuation is done, it is still worth market value to an insurance company.

 

[a17esh]

Thats what I thought as well, although the money spent on the car, apart from a dint in a door and a few stone chips have made it in great condition, where would I get this done? Do i need special insurance for this?

 

[a17esh]

Im just worried if i do have a smash up or something, im only gonna get a couple of grand or less, but to but another 166 to the same condition is another matter as we all know.

 

[Mitch916]

If you genuinely feel your car is worth over average book value then either contact your insurer to arrange an agreed valuation (not all co's do them) or do what I do. I take lots of good quality pictures of my cars. I keep things like alloys in top condition. I do all stone chips. I keep the interior really clean. A AO or AROC sticker is a must. Then, if the worst happens, when the asseser comes to look at your car, he will see it is an above average car and you are an enthuciast. The offer will relect this. Many may scoff at this but unfortunately I have more than average experiance in this. I have had 4 Alfas written off (don't ask!) and have always been very happy with my payout.

 

[Morte]

I've had classic car insurance a few cars, all of these have an agreed valuation, including a 164. However, to get one on my GTV's regular policy was incredibly expensive, another 400 quid a year. So, for example, I think my car is worth 4, they think it's worth 2. If I went for an agreed valuation I'd be insuring 2K for 400 quid, which is a rubbish deal.

I don't know why they even ask for a value to be honest, as what you say means nothing.

 

[Walkies]

Morte, you will find that the value you give is the maximum that you would receive in a pay out (i.e. the sum insured). Best thing to do is ensure that you keep receipts etc for what work has been done. If any of these are modifications ensure that you have notified the insurer ( be warned though this could increase your premiums!)

Agreed value policies are not usually available for conventional cars. These are usually for classic cars / collectors cars. Even then you are still only insuring for market value but the market value is agreeed at the oustet of the policy rather than at the point of claim.

 

[Unkle Munkle]

If you genuinely feel your car is worth over average book value then either contact your insurer to arrange an agreed valuation (not all co's do them) or do what I do. I take lots of good quality pictures of my cars. I keep things like alloys in top condition. I do all stone chips. I keep the interior really clean. A AO or AROC sticker is a must. Then, if the worst happens, when the asseser comes to look at your car, he will see it is an above average car and you are an enthuciast. The offer will relect this. Many may scoff at this but unfortunately I have more than average experiance in this. I have had 4 Alfas written off (don't ask!) and have always been very happy with my payout.

Couldn't agree more. I was paid £3,200 for my 164 QV when it self-combusted a couple of years ago. I had a written valuation on the car from an independent Alfa dealer as well as lots of pictures etc which helped. They couldn't argue.

 

[a17esh]

All very intestering, I was also thinking that my insurance may bump up a lot if i did this, which i dont mind to a point, upto 100 extra............Unckle who did you see to get a value for your car? Might be worth doing, i know my car is nothing special when put next to a cloverleaf, but still if i can sort it for some time and a little bit of money id be much happier. Unckle, how is yours insured and if you dont mind for what value? Walkes, derby aint that far from Lincoln is it?

 

[Alfaomegatron]

Excellent advise from Mitch166 don't underestimate how Ins. assessors are influenced when providing a valuation but as he says don't be too disappointed if a valuation is far less than you have spent out on your car. As Unkle Munkle found FILE all those bills and take and FILE pics preferably showing the car at a AO meet or similar event.

Just closed a claim on my own "dog car", for my sins a Citroen BX (written off while parked, by a neighbor). Point is initially offered £100 then £200 now £700 plus kept the car due to having Citroen Car Club membership stickers and most importantly a valuation by the specialist BX valuer from CCC. There was no argument once I supplied the valuation certificate.

A17esh find out from the moderator who on AO is the clubs 166 "valuations expert" if there is not one appointed might then be a good idea and of benefit to other members if AO would consider organising such a service. CCC have them appointed for each model, its offered complis' too full members and forum members alike.