Insurance - Agreed valuation Form

[DT36]

The time has come around to renew my insurance again and I'd like to up the valuation of my car.  Having briefly chatted with a very helpful Customer Advisor, I was realistically thinking around the £20k mark.

The form is straight forward and all my mods are declared.  Car is mechanically sound throughout, with the complete driveline being basically rebuilt or renewed.  Car could benefit from a paint job to make it really nice, but that's not something I plan on doing in the short term.

I could argue that it would cost more than £20k to replace, but although a nice car, it's not concours by any stretch of the imagination.

What you guys reckon and what/how have you valued yours?

Pics attached that insurance want to see:

[katana]

Concours or not - that is a lot cleaner and more original than mine which i'd put a £25k price tag on! Its not just a car - its the sum of its parts as you might be able to get a replacement for 15 - 20k but without the extras and probably a lot of the standard bits that are the pricey bits to a) find and b) buy! Concours quality cars are heading to circa £50k mark, so I'd say £30k wouldn't be under priced!

[Rally Pack 2000]

I would have thought it was higher than that. I have mine insured for the equivalent of 21K and its a 4 door and Australian cars arent valued as high as Uk 2 door ones. I would have thought yours would be closer to the 30k mark?

[colr6]

I would be inclined to go for 30/35k mark. Cost of any parts to reinstate after theft or accident could a fair whack which you have to put in the equation or an equivalent replacement.

[DT36]

Ok, Makes sense when you guys mention about buying replacement parts etc.  I thought I was being necky at £20k. Maybe I should push it out to £30k.

[BaileyMex]

Agree with all of the above.

Should the worst happen what would you have to pay to buy something similar? IF you can find one, and if it has the similar spec and condition.

I think as others have said 100% £30k+ all day long.

[Xp197777]

48 minutes ago, BaileyMex said:

Agree with all of the above.

Should the worst happen what would you have to pay to buy something similar? IF you can find one, and if it has the similar spec and condition.

I think as others have said 100% £30k+ all day long.

Agree 100%

[Ray]

no doubt at all 30-35k

[The Transplanter]

Agreed, I would insure it for 35k without hesitation. Put it this way, would you sell it for 20k???

Interesting that you have to give the insurance company a breakdown of spec at £20k though. I insure most of my classics at 20k even if they are worth less as Hagerty dont ask for photos or anything up to 20k. Plus they will cover it if its parked on a driveway up to 20k which many companies dont touch.

Edited October 20, 2021 by The Transplanter

[DT36]

9 hours ago, The Transplanter said:

Agreed, I would insure it for 35k without hesitation. Put it this way, would you sell it for 20k???

Interesting that you have to give the insurance company a breakdown of spec at £20k though. I insure most of my classics at 20k even if they are worth less as Hagerty dont ask for photos or anything up to 20k. Plus they will cover it if its parked on a driveway up to 20k which many companies dont touch.

I've always been with Performance Direct. 

It was insured at £10k when I first had it 9 years ago, then had to send them pics about 2 years ago when it was set at £18k.  For some reason, my renewal policy showed £10k again this year, so that's why I queried it with them and was thinking of setting it at £20k.

All pics sent off with the form now at £30k, but only had an automated reply at present. 🤞

Edited October 21, 2021 by dt36

[Brenda1978]

Having seen the car  it's 35k job I reckon.

I can swap you 10 cans of Tizer, 2 packs of marathons and a few golden cups plus 25 pounds and Brenda... any chance of a deal

[DT36]

4 hours ago, Brenda1978 said:

Having seen the car  it's 35k job I reckon.

I can swap you 10 cans of Tizer, 2 packs of marathons and a few golden cups plus 25 pounds and Brenda... any chance of a deal

You forgot the beef monster munch 😁

[Brenda1978]

Was out in Brenda  today, up over the moors, she went well, lovely full moon as well.

About a 0.5 mile from home the brake pedal went to the floor and no brakes. Got home , looked in the reservoir and all the  break fluid was gone. No evidence of any fluid loss on the floor. 

[DT36]

4 minutes ago, Brenda1978 said:

Was out in Brenda  today, up over the moors, she went well, lovely full moon as well.

About a 0.5 mile from home the brake pedal went to the floor and no brakes. Got home , looked in the reservoir and all the  break fluid was gone. No evidence of any fluid loss on the floor. 

Could all be sitting inside your servo 😯

My Missus used to drink brake fluid when she was pregnant. The Midwife wasn't overly happy with it and said she might get addicted, but my Missus told her she could stop whenever she wanted to. 

[Brenda1978]

Does this mean the seals are gone in the master cylinder.

[DT36]

24 minutes ago, Brenda1978 said:

Does this mean the seals are gone in the master cylinder.

That's only a guess, as you said there was no visible leaks. Sometimes, if a seal goes internally on a servo, the internal vacuum can suck the fluid out of an old master cylinder. 

However, a good inspection under the car in the daylight might see a burst hose or pipe somewhere. 

I got some out of date fluid here if you want to do a top up and see where it goes. 

Edited October 21, 2021 by dt36

[Rally Pack 2000]

Sometimes fluid leaks can be messy but other times it can be at a join on the inner guard that you didn't really look or bleeder comes loose while your driving and the force of your braking squirts it all out on the road leaving no evidence. The fact you were driving its possible. If it did go into the servo just run your hands underneath the lowest point. The halves are well joined but the fluid finds its way out drop by drop in the end.

[Brenda1978]

Since topping up the brake fluid reservoir,  no leaks evident and no fluid loss. Took rear wheel off to bleed the rear brakes and noted a drip. Off with the drum and what a mess. The wheel cylinder had failed despite the garage changing  both sides 2 years ago...how odd.

At least its a simple job. Will change both sides and fit new shoes 

[Rally Pack 2000]

5 hours ago, Brenda1978 said:

Since topping up the brake fluid reservoir,  no leaks evident and no fluid loss. Took rear wheel off to bleed the rear brakes and noted a drip. Off with the drum and what a mess. The wheel cylinder had failed despite the garage changing  both sides 2 years ago...how odd.

At least its a simple job. Will change both sides and fit new shoes 

If I had to fix a leak then at least that's one of the easiest. Try replacing the cylinders with known country of origin preferably UK which I think the QH ones are. One thing the Chinese are worst at is making rubber products. They cant even make a decent undie elastic that lasts more than a couple of months let alone trust them with brake components and tyres. Your extreme weather cycles from below zero to reasonably habitable would easily split Chinese rubber bits even sitting idle in a garage.

[YellowTaxi]

12 hours ago, Rally Pack 2000 said:

extreme weather cycles from below zero to reasonably habitable

Love it.😁

 

And yes, insure the car for either what you would want to part with it or how much a replacement would cost

[Rally Pack 2000]

2 hours ago, YellowTaxi said:

Love it.😁

 

And yes, insure the car for either what you would want to part with it or how much a replacement would cost

I almost typed warm and sunny but thought someone would mock me for it so that's the only description I could think of at the spare of the moment LOL

[Monza]

My mk1 was agreed value at 25k last year. Upped it to 30k this year although not sent off the pics yet. Surely yours got to be 35k+

Sent from my Hammer_Energy_18x9 using Tapatalk

[Mk2Jo]

Mine is agreed value with Coops for £25k.   Deffo needs a paint job and more.   Mine doesn't look as clean as yours either so you deffo need to up it to £30k.

[CryptoWesty]

On 18/10/2021 at 13:40, dt36 said:

The time has come around to renew my insurance again and I'd like to up the valuation of my car.  Having briefly chatted with a very helpful Customer Advisor, I was realistically thinking around the £20k mark.

The form is straight forward and all my mods are declared.  Car is mechanically sound throughout, with the complete driveline being basically rebuilt or renewed.  Car could benefit from a paint job to make it really nice, but that's not something I plan on doing in the short term.

I could argue that it would cost more than £20k to replace, but although a nice car, it's not concours by any stretch of the imagination.

What you guys reckon and what/how have you valued yours?

Pics attached that insurance want to see:

I really would love your interior! Mine is totally stripped out apart from the dash (how I bought it) but would really love to put a floor carpet in it and some normal seats! Do you actually wear the harnesses?  Are they anchored underneath rear bench?

I also want rear passengers (my two sons) for the odd show too! 

[DT36]

1 hour ago, CryptoWesty said:

I really would love your interior! Mine is totally stripped out apart from the dash (how I bought it) but would really love to put a floor carpet in it and some normal seats! Do you actually wear the harnesses?  Are they anchored underneath rear bench?

I also want rear passengers (my two sons) for the odd show too! 

Yes, harnesses are anchored underneath the rear seat. Car was stripped out as a Clubman spec rally car when I originally bought it, but I've slowly been toning it down back to a more standard road car over the years. 

I had another set of headreasts made up for the seats to give me a bit of choice, but I tend to stick with the fishnets.