Originally Posted by BillyCabrio
I'm hopefully going to sort out the insurance on the cabbie in the next couple of weeks.
I know their going to ask me "Whats the value of the vehicle?"
How do i get a figure thats realistic?
I'm going to get an agreed value policy on it, but i dont wanna take the pi$$ with an over inflated figure!
I mean what do they base their figures on? How much it would cost to rebuild it again? or the going book value?
Anyone shed some light on this subject for me?
I'm thinking an agreed value of around £5 - £6k???
I said 6k on my car but you have to prove to them its worth that by forwarding them receipts of what you have spent on the car to prove your car is worth the amount your saying it is! You also have to send pictures. They send it to there valuations department and they take a look and either say yes or say no sorry we only value it at whatever they think its worth
So if your saying its worth 5-6 k just make sure you have receipts to prove it as they will want to see them
It wasn't till I sat down and started photocopying all my receipts, I realised how much was just in the engine bay alone
Then i had to add on all the rest wheels, suspention, zorst lol My interior and the car itself! So I put a note in saying after looking at all my bills i think maybe i need to up it to 8k and then i got a agreed value certificate of them for that