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Valuations

PhilKent

PhilKent

PCGB Member
Member
Hi all,

Having returned to PCGB membership after a few years away, I'm looking for any advice or info on getting a valuation done on my car, mostly for insurance reasons. Each year I renew my insurance they offer an agreed value, however I never get around to getting one done! I can just submit a couple of photo's with a paragraph about condition, propose my own value and they'll either agree or amend that value to what they see fit. However I'd rather get a 'proper' valuation based on an inspection. Does the club or any members either offer or know of this sort of service in and around Surrey/Hants? Previously I've proposed a £10k value to my insurers which they have accepted, but looking at values now this seems to be on the low side...
Prices seem to be recovering in the last few years or so. Can we consider the 944 (and of particular interest to me the 944T) as an appreciating classic at last?
 
Hi Phil, and welcome back!

Valuations are free, and details on the website below.

https://www.porscheclubgb...hip-benefits/resources

I don't think there's any doubt that a decent 944 turbo, with sensible miles, good history and largely original, is going to continue to appreciate.

Whether they appreciate at a rate that keeps up with running costs long-term is another argument, but even if not then it's still very cheap motoring when they aren't depreciating. [:)]

 
Which interestingly begs the question - why would anyone want to fix the valuation of an appreciating asset?

Market value would be a better policy if the value continues to rise.
 
rob.kellock said:
Which interestingly begs the question - why would anyone want to fix the valuation of an appreciating asset?

Market value would be a better policy if the value continues to rise.
Click to expand...


Every time I've renewed cover the value question has been on the proposal. If the car disappears how would the insurer know if it was a shed or a minter ?
 
I think agreed value is suitable if the car's not going up by tens of thousands each year. You can always up the value if you feel they've taken a sudden hike upwards, of course, just as you would reduce the value in a market where prices were going down? [;)]

Given that, unless something changes drastically, you would probably say a car like this would be appreciating perhaps a grand or two a year, having a proper value on the policy is better than not.
 
That's the point though - renew in November, total loss next September on a comprehensive claim and you are potentially £2k down. Full stop. No discussion.

When my 944 was written off I was initially made a derisory offer but when I sent photos, service history, evidence of attendance on a PCGB event, comparable adverts, that sort of thing, it increased to a level that was more than satisfactory.

Its not it hard to prove the car is a minter rather than a shed - or in my case at the time, at least above average!
 
pauljmcnulty said:
You can always up the value if you feel they've taken a sudden hike upwards,
Click to expand...


This ^^^ is what the broker said to me, I think there may have been some flexibility to reflect market fluctuations too.
 
Interesting point gents. I'll give the club valuation a go first and see what happens from there. Cheers for the link Paul.
 
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