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Agreed Valuation

Posted: Sat Oct 06, 2018 10:45 am
by Jack92
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

Re: Agreed Valuation

Posted: Tue Oct 09, 2018 6:26 am
by Jack92
Just wondering if anyone has an idea before accepting it :-)

Thanks

Re: Agreed Valuation

Posted: Tue Oct 09, 2018 8:30 am
by the edmundator
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.

Re: Agreed Valuation

Posted: Tue Oct 09, 2018 8:46 am
by Jack92
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


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Re: Agreed Valuation

Posted: Sat Mar 09, 2019 11:15 pm
by james butler
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