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Modified car value.

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Old Jun 6, 2014 | 02:54 PM
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From: essex
Default Modified car value.

Has anyone had a one off modified car valued before? I need to insure my car soon and the list of mods is so big now I want to do it properly. Trouble is it's a fiesta cosworth so can't really get a car club to do it. I'm looking for a agreed value of 20k but I can't see that happening. Appreciate any advice. Thanks.
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Old Jun 7, 2014 | 11:32 AM
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Originally Posted by Steve Cooper
Has anyone had a one off modified car valued before? I need to insure my car soon and the list of mods is so big now I want to do it properly. Trouble is it's a fiesta cosworth so can't really get a car club to do it. I'm looking for a agreed value of 20k but I can't see that happening. Appreciate any advice. Thanks.
You need to get a report done on the car from a reputable garage that specialises in Cosworths. They need to say that all the modifications have been done properly and that in their opinion the car is worth no less than 20k.
Did you use a garage or did you do all the work yourself ? You will probably need to have to have it insured with a limited mileage.
I have my 450 bhp Sapphire insured with an agreed value of 21k. That is with Need2insure.
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Old Jun 7, 2014 | 07:26 PM
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The RSOC valued my Sapphire at 35k but the insurance company would not move above 30k. The insurance company will have the last say whatever a Club/Garage has to say its there risk. Forget what you have spent it means nothing.
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Old Jun 7, 2014 | 07:48 PM
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Originally Posted by Rod-Tarry
The RSOC valued my Sapphire at 35k but the insurance company would not move above 30k. The insurance company will have the last say whatever a Club/Garage has to say its there risk. Forget what you have spent it means nothing.
The guy needs to get an agreed value on it or if its stolen/written off he will get offered peanuts for it.I have had an agreed value on my car for the last 18 years and have Never had the Insurance Company tell me what they will insure it for.If he has a good report and plenty of photos I am sure he will find someone who will agree to insure it for a fair price.
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