 | Home > Off Topic > Valuation for insurance |
 
|
|
|
| cee-b Member Since: 25 Jan 2018 Location: South West Posts: 114  
|
Yes, that vehicle should be on agreed value as a priority. I would happily put money on it that it is worth many thousands of pounds more than book value.
Insurance valuation seems to be a very arbitrary procedure. It depends which company you approach and how their agreed valuation team (who are a law unto themselves and don't demean themselves by speaking to mere customers) see your particular vehicle. Yours looks very tidy and has a good spec. Whilst some of what you list won't actually increase the value, it does make it more desirable and shows that it is a well-looked-after vehicle. I would do your own research and try and identify similar condition & spec vehicles advertised for sale. Once you have decided on a value that you think you could get a replacement for, and that you would be OK with in the event that you did need to make a claim, then take a really good, comprehensive, set of pictures (don't be shy about sending lots more than the ones required) and send them in. Choosing a company that knows about/specialises in Land Rovers is obviously to be preferred. The insurers won't value it higher than you have requested and, once you've had a valuation, it is difficult to get it increased (by the same company) unless you do something significant to improve the vehicle, or if it it rises slightly in line with the market. So go in on the high side rather than low - the worst that can happen is that they offer you a lower valuation than requested. Once they have made their decision, the only way you will possibly get it altered is to pay for an independent valuation from an approved valuer. Once your valuation is agreed be prepared to start the renewal process much earlier than usual in order that you can get the valuation re-agreed before expiry. Otherwise, you may revert to market value whilst they go through the process of agreeing again. Good luck. |
||
29th Nov 2021 3:59pm |
|
| Stacey007 Member Since: 25 Sep 2015 Location: Cheshire Posts: 3693
|
Hello
Some good points, I'm aware that if they open the glasses / Parkers guide (is that still a thing) then the valuation would be nothing look compared to actual trucks for sale. I do now and again look at other Defenders (don't we all) on ebay / autotrader but prices vary maybe £10k for what seems similar spec? Even the classifieds on here, there is a USW similar miles / age but not spec so do compare with similar where can. Problem we would have is a buying one anyway and then adding all the kit.. I love it though its become part of the family  |
||
|
29th Nov 2021 4:32pm |
|
| excossack Member Since: 22 Feb 2012 Location: North West Posts: 5736 
|
Maybe worth speaking to a couple of dealers to see how they would price it and maybe one of the online price companies - motorway / WBAC etc? 1999 Defender TD5 110
Regards John M0VAZ Econet Station 48 no clock |
||
|
29th Nov 2021 4:38pm |
|
| Stacey007 Member Since: 25 Sep 2015 Location: Cheshire Posts: 3693
|
^ interesting I know WBAC tend to value on a std car...
which is fine and I know the extras will never get back the cost I accept that, but do make imho the car more desirable. yet still fairly std looking. I'm pretty sure wbac will just value it as a 110 SW XS? I guess that's a guide.. and a good start
The markets very odd at the minute but I would rather think about this and get it sorted as each year pass and I change more things  |
||
|
29th Nov 2021 5:14pm |
|
| excossack Member Since: 22 Feb 2012 Location: North West Posts: 5736
|
Its a start, even to just get an idea.
When my 110 was in the local garage getting sorted the chap from a indy car dealership spotted (I got it around 8 years ago) So I intend on popping in to see him and how he values it now. 1999 Defender TD5 110 Regards John M0VAZ Econet Station 48 no clock |
||
|
29th Nov 2021 5:17pm |
|
| gilarion Member Since: 05 Dec 2013 Location: Wales Posts: 5084  
|
Most insurers generally ask for a series of photographs some ask for a written report which most Land Rovers clubs will do for a fee.
Also, you can ask an independent LR garage to give you a report like this one. Be warned though an inspection report like the one below will cost in the region of £150.00 but it will last for three years. LAND RANGER CHESHIRE, ATHERTON, SHREWSBURY, STOCKPORT, STOKE, DEESIDE, WEST MIDLANDS Land Rover Ninety Registration Colour Trident Green Engine Diesel Inspection date 6th October 2019 LAND RANGER SERVICES LTD is an Independent Land Rover Garage and we have been asked to inspect the condition of the above vehicle and to give a full appraisal of its condition and valuation. The results of this inspection is documented below Interior The condition of the interior trim is good with no damage showings to both the upper and lower dashes, the door cards are likewise in good condition. All dash instruments and switches are in good condition and all function. The vehicle interior has a custom-made Wright Off Road matting system and Croytec aftermarket aluminium trim to the speedometer, gauges, air vents, and switches. The driving and passenger seating is in good condition pec with no wear or damage evident, a lockable steel security cubby box is also fitted. Aluminium knobs are fitted to the gear stick and transfer lever. All seat belts and fixing s are in good condition. The interior is soundproofed with Noise Killer Sound Barrier and Noise Killer Barrier Mat. The rear load section has forward facing fold up left hand and right hand seating which shows no sign of wear or damage and are firmly bolted into place with load bearing plates under the floor. The rear load area is soundproofed with sound barrier matting and is fully carpeted in an automotive grade carpet to both floor and wheel arches to rear window level and fully covering the centre bulkhead. There is also a metal dog guard fitted to the centre bulkhead. To the rear inside of the vehicle Land Rover OEM, trim panels are fitted showing no signs of damage. There is also LED lighting fitted to the interior courtesy lighting. The car stereo is in good working condition and benefits from a four-speaker system. On lifting the carpets, soundproofing and matting there was no evidence of any corrosion to any floor panels, wheel arches or inside panels and the interior paintwork is in perfect condition. All glass windows are scratch and defect free. The roof lining both front and rear is in new condition. Bodywork The condition of the bodywork is very good with no damage. All the body panels appear are good condition. It was noted that where applicable all internal body channels to the doors, bulkheads, and undersides to seat box have been corrosion treated with a Waxyoil product. The exterior paintwork is very good. A new Land rover Puma type bonnet is fitted. All doors have been upgraded to the latest OEM spec, are corrosion free, and are in perfect condition, all door hinges and door components are as new. A stainless steel bumper has been fitted made to OEM specifications, this bumper also sports LED daylight running lights. New stainless steel running bar/steps are fitted. Anodised aluminium OEM Checker plate is fitted to the wing tops, sills, and rear quarter showing no signs of wear or corrosion. The rear cross member is of galvanised construction and is damage free with all fixing of stainless steel. A new seat box has been fitted to this vehicle that has been sprayed in the body colour and treated with a rust preventative; it has also been fully soundproofed. An adjustable Dixon Bate tow hitch is fitted to the rear cross member and its condition is good showing no signs of corrosion. The vehicle is fitted with rear sliding windows that are in good condition. New stainless steel door hinges have been recently fitted. The front of the vehicle is fitted with an OEM stainless steel A bar with quality driving lights fitted. Also fitted to the front is a KBX Front Grille & Lamp Surround Upgrade Kit. All bodywork and vehicle bolts/screws and miscellaneous fixing are of stainless steel. Chassis, running gear, suspension The vehicle benefits from a galvanised chassis showing no damage or corrosion, all chassis fittings where appropriate are galvanised. The axles, differentials, and prop shafts are in perfect condition and are treated with a rust proofing wax. All suspension springs show no damage and the vehicles shock absorbers have been upgraded with a Bilstein Performance suspension systems comprising of B6 Shock Absorbers. A Land Rover anti-roll bar system is fitted showing no sign of wear or damage. Both front and rear suspension components are in very good working condition. The vehicle suspension system is fitted with Poly Bushes and all are in good condition Brakes All brake components, servo, master cylinder, callipers, disks and brake lines are in perfect condition. The brake pipes are of a copper material and show no signs of corrosion. Engine and Gearbox The engine is a reconditioned Land Rover TDi 200 engine that appears to be in perfect working condition showing no oil leaks and is in a very clean condition. The engine also benefits from a full sized intercooler that shows no corrosion or damage. All engine ancillaries look to be in perfect condition. Hoses are of silicone manufacture. A stainless steel exhaust is fitted. Both the Gear and transfer box are in good working order and gear changes are smooth order and all gears work smoothly with no leaks or damage to the casing. Steering The power steering pump, pipes all linkages and universal joints are in good condition both the upper and lower steering column and drop arm have been fitted with new components. A removable snap on security steering wheel has also been fitted. Electrics The vehicle benefits with a new OEM loom and all wiring is in perfect serviceable condition. The vehicle lighting has been upgraded with LED EE approved lighting to the indicators, sidelights and brake lighting. An upgrade to the headlights is evident with new crystal type units. LED Daylight Running Lights have been added to this vehicle along with a controller that dims the Daylight Running lights when the sidelights are in use. The vehicle benefits from electric OEM windows. The vehicle has an electronic split charge system fitted. The vehicle has towing electrics fitted comprising of a 12s and 12n plugs. A road dash view camera is fitted to the front window. The vehicle has an Anderson type plug fitted for battery maintenance as well as a trickle charge plug for ease of battery charging. Two 12V rear work lights are fitted, as is a reversing warning alarm. All ancillary wiring is routed through protective plastic sleeving and all electrics benefit from safety fusing. Wheels and Tyres The vehicle is fitted with Land Rover OEM Boost alloy wheels in perfect condition with no signs of kerbing or damage, the Tyres are General Grabber AT tyres, which have 7mm of tread pattern, and each wheel has one locking wheel nut fitted with the spare having three locking wheel nuts and an aftermarket central security device fitted. Market Value Our opinion is this Land Rover is in a very good condition with many components being in as new condition, the bodywork and paintwork is in good condition with no damage. All components of this vehicle are in good to excellent running order; the interior trim is as new. The electrics on the vehicle are all of good quality with new looms and lights, all the lighting is ‘E’ marked. It is our opinion that this Land Rover has been maintained with every attention to detail, using only OEM parts and where this is not possible parts that are of quality manufacture. The vehicle also benefits from a galvanised chassis that will give many years of trouble free service. It is evident that the owner of this Land Rover has spared no cost in its assembly and this vehicle is very well maintained. It is our opinion due the current selling market with Land Rover Defenders this vehicle will appreciate in value kept in its current condition. Due to the condition of this Land Rover, we agree with a valuation of £25,000 for this vehicle. Signed For and on behalf of Land Ranger Services For those who like Welsh Mountains and narrow boats have a look at my videos and photos at.. http://www.youtube.com/user/conwy1 |
||
|
29th Nov 2021 5:20pm |
|
|
|
| All times are GMT + 1 Hour |
< Previous Topic | Next Topic > |
Posting Rules
|
Site Copyright © 2006-2024 Futuranet Ltd & Martin Lewis
