Mark Allanson
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| posted on 28/1/03 at 10:13 PM |
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Just to make sure no-one gets the wrong idea, I don't work for insurance companies, I work for an insurance approved bodyshop and have to deal with
the insurance companies all day long, arguing about estimates, labour rates, cost etc. You really get to know how the cunning so and so's work (just
in case they are looking in!! Bastards!! oops!)
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GO
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| posted on 11/2/03 at 06:36 PM |
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Valuations
Mark, going back to what JGG was saying about the value you give for you car when asking for a quote...
Is there any implication for under-valuing your own car, i.e. you say its worth £500 to get a cheaper premium when its really worth £5000??
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Mark Allanson
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| posted on 11/2/03 at 08:32 PM |
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If you value the car at £500, even the smallest accident will write it off, they will pay you the £500 LESS YOUR EXCESS (usually £150 minimum on a
locost).
If anything, over value the car by at least 20%, it is less lightly to be declared BER, if itis nicked and not recovered, or burned, they have less
scope for knocking your value down.
If it is damaged, the average assessor will want to give you money to repair the car yourself, so he has no comeback on repairing such a specialist
car. you can value your labour at £23.50 per hour, plus all parts at retail, no matter what discount you can wangle, and dont forget paint and
materials at about £50 per average tintop panel.
If you want to reduce your premium, go for a higher excess, If you car is damaged by some (insured) moron, you dont paythe excess as you will be
claiming on his insurance, not yours, or if you claim on your own policy, you pay the excess at the end of the repair, and then your company reimburse
you once the have claimed repair costs from the third party. if you damage the car yourself, then bite the bullet like a man!!
Mark
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boy racer
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 posted on 4/5/03 at 03:23 PM |
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Hello, it's been a while since i asked that question about insurance. And now it seems that it doesn't matter, as it looks like im going
to have to sell my locost due to my (and my dad's) lack of time or enthusiasm for the project. It's got a 1300 gt engine, 4 speed box,
live axle, gaz adjustables. should turn out to be a nice example. If you'r interested and would like the complete spec then give me an e-mail at
jhaines@orange.net with subject "your car" (my phone beeps when i get mail)
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greggors84
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| posted on 18/6/03 at 11:19 PM |
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Im suprised there are so many people under 21 on here. I think the work has spread about cheap insurance.
I think the only car that could match the quote ive been given for my 2.1l tuned pinto MK Indy is a 998cc Mini. They mite be fun to drive but, come on
30bhp or 155bhp.....
Chris
The Magnificent 7!
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