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Agreed Value : update confirmation

AJOHND

AJOHND

PCGB Member
Member
Folks may know this already - but I have just renewed my 993 C2 insurance with Locktons, with a request for an increased 'agreed value'. I understand completely that they require an expert to provide said current valuation update - but what I didn't know was that the existing valuation only has a lifespan of two years! Is this normal - or is it a 'quirk' of the Lockton/PCGB scheme?

Whatever the situation, I require someone to provide a new valuation. I live in Edinburgh; does anyone have a recommendation as to who would be able to carry out such an exercise? I guess it would have to be a written valuation from someone or an organisation who would be regarded by Lockton as an 'authority' on the matter.

Many thanks, John
 
Hello John
usually insurance companies do the valuation when you send them around 6 pictures of the car. They can then send someone out to verify the condition of the car if need be. Usually this is not a problem and the valuation is normally renewed upon payment of a small admin charge from the insurance company. Mine is with Admiral and have had no issues with them. The insurance company sends out the valuation person to complete this job so I'm not sure why they're asking you to provide an independent valuation of the car.
Thanks
david
 
As a PCGB member you can get a club valuation FOC, download the form from the PCGB website and send it in along with requested photos and copy documents, you'll get it back after probably 4-6 weeks. My insurers ClassicLine accepted the club valuations (I've had 3 so far) without problem, but like yours it's only valid for 2 years and has to be renewed.
 
Why would you want the valuation to be valid for more than a year? Your 993 will certainly have increased in value over the past 12 months and its value 2 years ago will bear absolutely no resemblance to its value today. Although they have slowed down recently, the rate of increase in air-cooled 911 prices over the last 3 or 4 years would have justified 6 monthly valuations.
Regarding valuations from the club, things may have improved but I had found them to be very slow and out of touch with reality so I use John Glynn at web-based Ferdinand Magazine. Excellent service, very rapid turn-around, recognised by Lockton and well worth the £30 or so that he charges.
 
The Club has worked to improve its valuation service.

There is currently zero backlog.

If an urgent valuation is required, contact Steve Kelvin or Albert Walsh.

 
Hi Rob
My 356 insurance is up at the end of the month and after two years my insurer has recommended I get a new valuation.
Where on the website can we download the valuation form.
Thank you

Ian
 
Thanks to everyone who replied to my question - and I would like to thank the Club for a very speedy turnaround of the valuation paperwork. And as an added bonus, the figure suggested (without prejudice of course!) was pretty close to what I had imagined the value might have been. Well done that team! John
 
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