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price for valuation for my 90


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Hi guys im just sorting my insurance out for my 90 and they would like to agree a sum, so im asking your advice on how much you think i should say with out taking the pee :lol:

spec as follows:

BRB BUMPER SOON TO HAVE A HUSKY WINCH

MODULARS WITH INSA SPECIALS

SNORKEL

SPOT LIGHTS

ROCK SLIDERS

2"LIFT AND RELOCATION CONES

Its a 200tdi 90 csw so any ideas on its value :o

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So its a 1990-91 200 90CSW which is around £3-4k retail, less in some instances.

Ask your insurance company what the valuatuation is for, as they might just pay you book price in the event of a total loss...

If you add on more items, your premium will obviously go up and you will limit who will insure you, BUT you have to tell them of any mods however small or they might not pay in the event of a cliaim.

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My previous 1989 90 V8 was flattened by a tree and 'written off.' When i spoke to my broker about valuations, he said they will start with the lowest price between your original purchase price or current 'book' value.

I only paid £1500 for it and i had no idea about book price, so i was worried. In the end i argued that when i purchased the vehicle it wasn't road worthy and i spent £2000 in repairs... luckily they went for book price which was £3500!!!

My advice is quote high and leave it for them to work out should the worst happen. You might get a nice surprise, like i did.

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I have always had agreed value policies on my LR's & classic bikes and I really like them as at least you know where you stand should the worst happen but like you are trying to do at the moment, you have to get a realistic price.

Plenty of info about the extras but very little about the overall condition of the vehicle. £5K woth of modifications doesn't put £5K on the price, in fact it may reduce it for valuation terms. What is the mileage, what condition are the chassis, bulkhead, engine, gearbox etc in (are they in excelent condition or is it worn out but still running)?

I would check through the magazines and try to get a feel for what similar vehicles are selling for but be honest with yourself because insurers aren't silly and if there ever was a need to make a claim and the condition of your vehicle was found to be less than stated (if it is recovered for instance) then you may find yourself with no insurance at all.

My 1986 ex-MOD 90 soft-top currently has an agreed value of around £8K, far higher than a similar vehicle of the same age but this takes into account the genuine condition of the vehicle. As for extras (winch, light-bar, extended springs etc) forget them as they just don't exist, all I have is a pair of front spots, a Safari snorkle, a set of ZU alloys and a few subtle modifications/improvements. What I do have however is a folder full of reciepts covering just about every penny that has been spent on the vehicle since I bought it from the MOD, that is a great help when it comes to agreeing a high valuation on what is basically a 21-year old vehicle.

When it comes to getting your insurer to agree to your valuation I wouldn't try pulling the wool over their eyes in any way, plenty of clear photos showing every part of the vehicle in lots of detail will be appreciated a lot more than a couple of exterior shots when the vehicle has just been washed (wet paintwork photographs much better than dry). Certainly my insurer insists on several exterior shots and at least one each of the interior and engine bay however I always provide many more than requested just to prove the condition beyond doubt.

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I have always had agreed value policies on my LR's & classic bikes and I really like them as at least you know where you stand should the worst happen but like you are trying to do at the moment, you have to get a realistic price.

Plenty of info about the extras but very little about the overall condition of the vehicle. £5K woth of modifications doesn't put £5K on the price, in fact it may reduce it for valuation terms. What is the mileage, what condition are the chassis, bulkhead, engine, gearbox etc in (are they in excelent condition or is it worn out but still running)?

I would check through the magazines and try to get a feel for what similar vehicles are selling for but be honest with yourself because insurers aren't silly and if there ever was a need to make a claim and the condition of your vehicle was found to be less than stated (if it is recovered for instance) then you may find yourself with no insurance at all.

My 1986 ex-MOD 90 soft-top currently has an agreed value of around £8K, far higher than a similar vehicle of the same age but this takes into account the genuine condition of the vehicle. As for extras (winch, light-bar, extended springs etc) forget them as they just don't exist, all I have is a pair of front spots, a Safari snorkle, a set of ZU alloys and a few subtle modifications/improvements. What I do have however is a folder full of reciepts covering just about every penny that has been spent on the vehicle since I bought it from the MOD, that is a great help when it comes to agreeing a high valuation on what is basically a 21-year old vehicle.

When it comes to getting your insurer to agree to your valuation I wouldn't try pulling the wool over their eyes in any way, plenty of clear photos showing every part of the vehicle in lots of detail will be appreciated a lot more than a couple of exterior shots when the vehicle has just been washed (wet paintwork photographs much better than dry). Certainly my insurer insists on several exterior shots and at least one each of the interior and engine bay however I always provide many more than requested just to prove the condition beyond doubt.

Hi Litch,

Who do you currently use for insurance?

I will eventually be looking for a valuation agreed policy on my 90 once it is rebuilt.

Cheers

G

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I have been with Lancaster for the past 6-7 years but I have been with a lot of them over the years (Adrian Flux, Bennetts, Heritage, Footman James, Firebond, Carol Nash etc).

Funnily enough it has been Lancaster who have been the most awkward about modifications/accessories but I like their agreed value policy. I think I am getting lazy in my old age as it is easier to just renew rather than search out a new insurer when it comes to a specialist vehicle, certainly when they already have the history of the vehicle all they require is an update in terms of new photos, reciepts for the past year, statement of condition, current mileage etc.

I keep promising myself I will get other quotes 'next year' but I never do it as the renewal isn't too much.

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