Syncro insurance

[ninja.turtle007]

Sent of pics and a little right up to HIC to get an agreed value. They came back with £12000. I thought it would have be a fair bit higher for very nice Westy Club Joker Syncro.

Should I accept this or is there something I can do?

[lloydy]

Mine got agreed at 12k, but they just agreed with what i said it was worth, will try for more next year

[ninja.turtle007]

[lloydy]

yep

[Aidan]

and they won't pay out more than you paid generally

[ninja.turtle007]

and they won't pay out more than you paid generally

How would they know?

[jed the spread]

Mine is valued at £15500

jed

[ELVIS]

and they won't pay out more than you paid generally

How would they know?

I would hazard a guess that for very specialist/uncommon/rare vehicles they will have a look at OC's/forums for comparable prices!

Best E D I T your posts now

[ninja.turtle007]

and they won't pay out more than you paid generally

How would they know?

I would hazard a guess that for very specialist/uncommon/rare vehicles they will have a look at OC's/forums for comparable prices!

Best E D I T your posts now

£12k is far less that what I paid!!

[toomanytoys]

Have you tried Glynwoods??

[ninja.turtle007]

Have you tried Glynwoods??

Already have a policy with HIC so I have swapped it to the new van. Going to call them in the morning and see what they say.

Most people seem to be using Glywoods. They are a little more expensive but worth it if they are giving higher valuations.

[JustSharon]

Insurance!!
Insurers seem to be quite keen on valuing your vehicle for what you paid for it and not for what it is worth now!

The 6 obligatory pics and a quick written detail of what has been done seems to warrant a reduced valuation with regards some insurers...
Apparently market research from a 'highly specialised team' (cough) can value your vehicle within hours, well that is after they have taken your money and then gone past 14 days.

I am, of an opinion now, written, recognised, insurance valuations are the only way to go.

[ninja.turtle007]

Insurance!!
Insurers seem to be quite keen on valuing your vehicle for what you paid for it and not for what it is worth now!

The 6 obligatory pics and a quick written detail of what has been done seems to warrant a reduced valuation with regards some insurers...
Apparently market research from a 'highly specialised team' (cough) can value your vehicle within hours, well that is after they have taken your money and then gone past 14 days.

I am, of an opinion now, written, recognised, insurance valuations are the only way to go.

I was actually surprised at how fast that gave me a valuation. I emailed the pics etc yesterday and got the answer this afternoon.

[ELVIS]

Going by all of the underhand/penny pinching tactic stories you hear was worried that in future an insurer stumbles across a thread like this and only pays the owner what they paid and not what its insured for.

Make sense?

Glywoods inlcude £2k worth of contents , that swung it for me.

LLoydy give you those bits?

[lhd]

Best thing is to get it valued by a reputable third part, thats what I will be doing.
Glynwoods wouldn't insure me as it was my only vehicle.
Rob.