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how do I get an agreed valuation

peanut

peanut

Active member
I need to get an agreed valuation for my insurance company, presumably from PCGB ? (I was hoping I might get free membership from the insurance company)Will I need to join first ? thats if they'l have me of course . Actually it would be nice to join again (my previous membership lapsed ahem 8 years, cough ago )
what will I need to do ?
 
Yes it's a free service for members. You fill out a form from the club website and post it back with pictures of the car and all supporting service history documentation.
 
Peanut, i'm with footman James, as mentioned elsewhere, and if the car is valued at less than 15K then you do the valuation yourself without it being verified by a club. You just fill in a valuation form, giving a description of it's condition etc, take some photos and that's it. Maybe other insurers do the same.
Does that help you any or not?
 
Darren I would double check this because I had similar insurance with FJ last year and although they sent the paperwork they insisted on written valuation of my car at £5k.When I checked my paperwork after sending in the PCGB valuation the policy still stated valued at £3k instead of £5k so check very carefully.
You never know how good your insurers are until you have to make a claim[&:]
ORIGINAL: Darren

Peanut, i'm with footman James, as mentioned elsewhere, and if the car is valued at less than 15K then you do the valuation yourself without it being verified by a club. You just fill in a valuation form, giving a description of it's condition etc, take some photos and that's it. Maybe other insurers do the same.
Does that help you any or not?
Click to expand...
 
I've never had trouble like that before. And it's written on my policy documentation the agreed value amount and it's exactly what i asked for. Maybe i undervalued the cars though and so they were happy with my estimate, i might up the values next time the renewal date comes up, see what happens.

 
Darren you cannot self -assess the value of your cars otherwise we would all put unrealistically high values on them depending on what we had spent on them and our personal assesment is unlikely to be realistic.

An agreed valuation has to be carried out by a completly independant qualified third party and acceptable by the insurance company.


Can't think why you believe I am insured with F J though because my previous thread was to highlight their ridiculously high premiums with equity red star.Wouldn't touch FJ with a barge pole
 
It is usually acceptable for the Register Secretary to value a car by letter on Club headed paper. I have done it many times both as 911 2.7 &C3 Register Secretary and as Heritage Group R/S.
You would of course need to be both a member of the Club and the Register and if the valluation was significant you R/S would need to inspect the vehicle.

The letter form would be...
In the case of a basic 'Book price' valuation.
' I have checked my records which show that Porsche model 9## Chassis no ######## was manufactured in (month& year) and a vehicle of this type in the stated condition would cost £#### to replace'.

In the case of something special such as a concours winner.
'I inspected the car model, registration No, Chassis No. on (date) and found this car to be in exeptional condition. I can confirm that this car has been a regular competitor in Club concours competitions and has won throphies for ..............'


I hope that this helps.
Geoff
 
Ive also know people who phone their insurance and then say the car is worth x value which the insurance company accept and then when it comes to a claim the car is paid on book price value(newer cars)
I would definately cover your a**e and send in a letter of valuation along with photos because there can be no quibble and everybody understands what you value the car at.
ORIGINAL: peanut

Darren you cannot self -assess the value of your cars otherwise we would all put unrealistically high values on them depending on what we had spent on them and our personal assesment is unlikely to be realistic.

An agreed valuation has to be carried out by a completly independant qualified third party and acceptable by the insurance company.


Can't think why you believe I am insured with F J though because my previous thread was to highlight their ridiculously high premiums with equity red star.Wouldn't touch FJ with a barge pole
Click to expand...
 
Thanks Geoff thats more reassuring .
I'm sure that that will be more than acceptable to Red Star.
I'll renew my membership this week and request a valuation from the club . I am assuming that PCGB will accept me back into the fold lol[;)]


ORIGINAL: geoff ives

It is usually acceptable for the Register Secretary to value a car by letter on Club headed paper. I have done it many times both as 911 2.7 &C3 Register Secretary and as Heritage Group R/S.
You would of course need to be both a member of the Club and the Register and if the valluation was significant you R/S would need to inspect the vehicle.

The letter form would be...
In the case of a basic 'Book price' valuation.
' I have checked my records which show that Porsche model 9## Chassis no ######## was manufactured in (month& year) and a vehicle of this type in the stated condition would cost £#### to replace'.

In the case of something special such as a concours winner.
'I inspected the car model, registration No, Chassis No. on (date) and found this car to be in exeptional condition. I can confirm that this car has been a regular competitor in Club concours competitions and has won throphies for ..............'


I hope that this helps.
Geoff
Click to expand...
 
ORIGINAL: peanut

Thanks Geoff thats more reassuring .
I'm sure that that will be more than acceptable to Red Star.
I'll renew my membership this week and request a valuation from the club . I am assuming that PCGB will accept me back into the fold lol[;)]
Click to expand...

We don't care who we take money from...[;)]
 
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