Insurance valuation's

toopy

toopy

Club Member
When asked the value of a car for insurance puposes what do you say! Most good company's will accept agreed valuation, after seeing reciepts for work and pictures of said car, the only trouble is mine has cost in the region of 14,000 quid &nbsp;<img src="http://www.zclub.net/iB_html/non-cgi/emoticons/wow.gif" border="0" valign="absmiddle" alt=':0'> &nbsp;<img src="http://www.zclub.net/iB_html/non-cgi/emoticons/wow.gif" border="0" valign="absmiddle" alt=':0'> &nbsp;<img src="http://www.zclub.net/iB_html/non-cgi/emoticons/wow.gif" border="0" valign="absmiddle" alt=':0'> &nbsp;

So thats what its worth to me &nbsp;<img src="http://www.zclub.net/iB_html/non-cgi/emoticons/biggrin.gif" border="0" valign="absmiddle" alt=':D'> &nbsp;but in the real world how do you arrive at a reasnoable value, bearing in mind 260 2+2's only sell for around 3-4000 in good condition? &nbsp;<img src="http://www.zclub.net/iB_html/non-cgi/emoticons/confused.gif" border="0" valign="absmiddle" alt='???'>
 
An insurance valuation is very different to the resale value of a car. Most reputable companies should accept a high valuation if you can prove what you have put into the finished product. I have customers who have had valuations in excess of £20,000 accepted for a 240Z and £12,000 accepted AND paid out on a 280ZX on total loss.
 
I'm like to know what people think about the relatively low values of z cars. With so many cars in a bad way and requiring so much work to get them roadworthy it's no wonder the number of cars registered is declining. Is it in our best interest to try and raise the value of the cars? Should the club be doing more to promote the zed range? My concern is not the value but how many cars are becoming beyond economical repair.
 
It might have been mentioned here but some clubs like Scooby owners etc will not sell their cars for little money which helps raise the value of their car. Seeing as most Z owners are here we should do the same (after I have a 240 that is).

Cheers
 
the problem with most classic car owners is that they dont want to spend the money on the car,but saying that if you could afford to i think a few might spend the time and money on the car.if you think that the body is proberly the most expensive part of a restoration when done properly most people think they can get a full respray for £500 when it should cost £2000 it might look nice for six months but it will soon look rough again and thats why they often end up in bad way stuck in someones garage half rub down and going rusty. <img src="http://www.zclub.net/iB_html/non-cgi/emoticons/mad.gif" border="0" valign="absmiddle" alt=':angry:'>
 
PS.my car should be insured for £20000 and be worth every penny when i finish it.
 
the insurance valuation should be based on replacing your car with one of similar condition so if it is like new it almost becomes irreplaceable so it will be a high valuation.do you think if you spend £14000 on one car you would be happy with one that cost only £4000 and be the same standard,i dont think so.
 
To be honest i might of payed in the region of 14,000 but i certainly would'nt expect to pay that for another one in the same condition. Along as the insurance payed out what the car cost me to restore i would be happy to pay 4000 for a good'un and then spend some extra cash on a respray in my prefered colour and other items to personalise the car to my own taste! The only reason it cost so much in the first place was because it turned out to be so damn rusty i had to replace floorpans, chassis rails, inner and outer sills, front crossmember, rad support panel, repairs to inner wings etc !!!!!!! but that does'nt mean if i sold it anyone would pay that much for, what at the end of the day is an immaculate but less desirable 260 2+2.
 
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