Agreed Valuation

For all insurance related queries. Opinions expressed here do not represent the official view of Scirocco Register. If in doubt contact an insurance company or broker.

Moderator: Scirocco Register

Forum rules
Ask away but please remember that most advice in this section may not necessarily apply to you and your situation. If in doubt contact an insurance company or broker.
User avatar
Jack92
Posts: 820
Joined: Sat Sep 21, 2013 12:16 am
fill in the right answer: 15
Location: Dartford, UK

Agreed Valuation

Post by Jack92 » Sat Oct 06, 2018 10:45 am

Hey Guys,

Just renewed the scirocco insurance and got an agreed valuation on it. I went in high and asked for £5000 and they obviously knocked it down and came back with £3750.

What's your thoughts?

Images i sent them are below

ImageImageImageImageImageImageImageImageImageImage
Last edited by Jack92 on Sat Oct 06, 2018 10:45 am, edited 1 time in total.


Jack
South East

VW Scirocco Scala MK2 1.8 Inj
Ford Focus ST-3 MK3 2.0T

User avatar
Jack92
Posts: 820
Joined: Sat Sep 21, 2013 12:16 am
fill in the right answer: 15
Location: Dartford, UK

Re: Agreed Valuation

Post by Jack92 » Tue Oct 09, 2018 6:26 am

Just wondering if anyone has an idea before accepting it :-)

Thanks


Jack
South East

VW Scirocco Scala MK2 1.8 Inj
Ford Focus ST-3 MK3 2.0T

the edmundator
Posts: 2926
Joined: Wed Apr 01, 2009 7:34 pm
fill in the right answer: 10
Location: BEDFORD

Re: Agreed Valuation

Post by the edmundator » Tue Oct 09, 2018 8:30 am

I'd say their figure seems about right, to be honest. Really smart, original, low owner/miles cars might make around £5000 but it's pretty unusual. "Good" mk2s are generally in the £3k-£4k bracket, I'd say.

I have my one-previous owner GTX, which is just fresh from a glass-out respray and full mechanical overhaul, insured for £5k with Footman James.


Register Member 829
--
1980 (1976) Mk1 Junior Cup Replica
1987 MK2 GTX

User avatar
Jack92
Posts: 820
Joined: Sat Sep 21, 2013 12:16 am
fill in the right answer: 15
Location: Dartford, UK

Re: Agreed Valuation

Post by Jack92 » Tue Oct 09, 2018 8:46 am

the edmundator wrote:I'd say their figure seems about right, to be honest. Really smart, original, low owner/miles cars might make around £5000 but it's pretty unusual. "Good" mk2s are generally in the £3k-£4k bracket, I'd say.

I have my one-previous owner GTX, which is just fresh from a glass-out respray and full mechanical overhaul, insured for £5k with Footman James.
Good news then :-)

Thanks ed


Sent from my iPhone using Tapatalk


Jack
South East

VW Scirocco Scala MK2 1.8 Inj
Ford Focus ST-3 MK3 2.0T

User avatar
james butler
Posts: 2784
Joined: Fri Apr 24, 2009 1:54 pm
fill in the right answer: 10
Location: birmingham

Re: Agreed Valuation

Post by james butler » Sun Mar 10, 2019 12:15 am

i upped the agreed valuation on mine this year, the insurers asked if i would be happy at the value as market value would then be irrelevent in a lost or total loss situation which i think is their way of saying if the market value is higher then the agreed value then tough cookie.
so dont under value it, however that said i think your valuation is a fair one so as long as your happy i would go with it.
like ed says these cars have a realistic ceiling unless your insuring for specific work youve had done that makes the car unique


I dont mind project cars but I HATE SANDING!!!