jacko
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 posted on 13/5/11 at 04:15 PM |
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Agreed Valuation
I have just received a letter from Adrian Flux saying that the valuation i gave them is £1000 over what the car is worth
Has anyone else had this happen to them
Is it a regular thing that happens with A/ Flux ?
Jacko
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scootz
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| posted on 13/5/11 at 04:25 PM |
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Been with them on a few policies and never had them query an agreed-value.
It's Evolution Baby!
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Alfa145
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| posted on 13/5/11 at 04:26 PM |
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doubt it will be Flux as they are only a broker, more likely to be the insurance company you are with. I've heard its getting harder to get a
decent agreed value
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AndyW
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| posted on 13/5/11 at 05:07 PM |
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then if the vehicle is £1000 less then they must adjust their premuim to reflect this?
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locoR1
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| posted on 13/5/11 at 05:55 PM |
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That's quite worrying been with Adrian Flux 4 years now with an agreed value, sent my forms of the other week and haven't heard anything
yet.
 
Description
Check out my CB500T Cafe Racer build diary
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jacko
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| posted on 13/5/11 at 06:23 PM |
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What A/Flux do is put your photos in front of a valuation board and decide what its worth if you dont agree with them you can get a Independent
engineers value and come to some arrangement with A/ Flux
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loggyboy
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| posted on 13/5/11 at 06:29 PM |
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Is your value realistic? Have you just added up the total of the parts? or gone by sold/for sale values from ebay/autotrader etc?
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jacko
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| posted on 13/5/11 at 06:33 PM |
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quote:
Originally posted by loggyboy
Is your value realistic? Have you just added up the total of the parts? or gone by sold/for sale values from ebay/autotrader etc?
Well i put £6000 and they say £5000 look in my photos and let me know u2u if you want
Jacko
Ps i am letting it go at £5000 this year but what it higher next year i just hope i dont need to claim this year
[Edited on 13/5/11 by jacko]
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mrwibble
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| posted on 13/5/11 at 08:43 PM |
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cant see why theyd argue about a grand, its not the sort of amount that would really affect a premium... 50k vs 30k yes...
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locoR1
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| posted on 23/5/11 at 12:10 PM |
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Finally received mine back and guess what £1000 less than i asked for  don't think i was being unrealistic with the value.
I can appeal but will need an independent engineers report to do so, my big problem is when i rang around the year i turboed it flux were the only
ones that would quote me.
Description
Check out my CB500T Cafe Racer build diary
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Dave Ashurst
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| posted on 23/5/11 at 12:46 PM |
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Was it an independent valuation or just you writing it? I'd suggest you get an independent valuation.
I used to take my car to Paul Matty (Paul Matty Sportscars, Bromsgrove, Birmingham) for a signed independent valuation for insurance purposes. He has
authority through many years specialist car dealership and the MSA. If he thought he knew enough about the car, he'd agree to give his
independent valuation in return for a donation to their chosen charity (min £10 or £20 as I recall). He probably still does it. He was quite strict
and wouldn't allow anyone to influence his valuation.
As such I thought his word might have some authority and the insurers never challenged it. But then again I never had to put it to the test.
Whoever does it, you should present the car in its best showroom condition.
D
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