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Old 18th April 2018, 01:12 PM
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steamship steamship is offline
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Default Car Insurance - Vehicle Value Question

Not wanting to hijack the 'D2 insurance renewal time', so started a new one.

Andrew just posted a question and it got me thinking. His question was:

Talking of value, what would you put on a policy as a reasonable value for my D2?

I've always worked on the assumption that insurance companies will pay out the least amount possible.

Not looking for monetary values per se, just an indication. e.g. I bought my D2 for 2,300 five years ago. I still give 2,300 as it's value when asked, so 100% of cost.

So, what sort of values do members put down against their pride and joy?
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Old 18th April 2018, 01:23 PM
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pete-p pete-p is offline
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I don't think the value you put down makes much difference. Unless it's an agreed valuation policy they'll probably just revert to "market value" in the event of requiring a valuation. I always put 5k in for mine though.
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Old 18th April 2018, 01:53 PM
HPsauce HPsauce is offline
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Quote:
Originally Posted by steamship View Post
Not wanting to hijack the 'D2 insurance renewal time', so started a new one.
It's very closely related, you should have just carried on there Sean.

I'm tempted to tell them ten grand.
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Old 18th April 2018, 02:45 PM
Davey Blueeyes Davey Blueeyes is offline
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I believe (and I may be wrong, it's happened before!) that they need to reimburse you the amount required to get a comparable example.

Now a nicely looked after S8 seems to be about 5k upwards right now, bit less on other D2's. So that's where you start. In the event of a claim they will slap you with the CAP guide, as it's in their interests to do so, but it's not too tricky to show them otherwise?

If you fail the Ombudsman would have something to say about it I would imagine? Might be the difference between them scrapping an older car and them getting it fixed?
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