-
The Z Club relies on the support of it's paid members - join the club or renew your membership here.
Rhd conversion insurance
- Thread starter Sam_C
- Start date
Alphabettispaghetti
Club Member
Oh yeah - trust the insurance company lawyers to be 'nice' to you......wake up mate !
Thats my point.
Alphabettispaghetti
Club Member
Well in a perfect world it'd have the lhd vin number on it.
As mentioned earlier in the thread Moggy is our valuations person. He is well 'up' on current values and works in the motor-trade (body-shop) so understands the costs of owning, building and repairing our cars. He does this job for us voluntarily.
It is important that you are happy with the valuation of course and so Moggy insists on having as much information as possible and ideally seeing the car 'in the flesh' perhaps at shows etc. If you can't reach agreement then you would have to get the car valued somewhere else with your insurer's consent.
Hybrids and highly modified cars would I assume prove the most difficult to value. Obviously what is declared to Moggy and insurer need to align.
Just had a chat with Adrian Flux this morning, and no problem with them if you declare it when they ask for modifications. Not sure if it is reflected in the premium price but 5k miles, fully comp with a value of £35k would cost me ( no points, no accidents, UK licence for too many years to mention ) £292. Don't know how that compares with you guys?????
So what info would they need from you to accept the £35k valuation you are stating? That is a high figure IMO.
I pay less than half that but £30k and 1,500 miles. Classicline Hinckley.
SeanDezart
Well-Known Forum User
1500 miles ? Don't come to Le Mans in it - that'll eat up 2/3 of your annual allowance !
Better sell it like Grolls and Status who don't use theirs either
Better sell it like Grolls and Status who don't use theirs either
That's the case with mine.
1500 miles ? Don't come to Le Mans in it - that'll eat up 2/3 of your annual allowance !
Better sell it like Grolls and Status who don't use theirs either
Sean I have 1500 on each so that's 3k, which is ok unless I do a long foreign trip - then I would 'up' it.
Don't forget I drive a Z every day.
Last edited by a moderator:
richiep
Club Member
I pay £209 fully comp via Classicline, 3k miles, full protected NCB (which does accrue in my policy's case), with a valuation north of 35k...
As I've said before, I think a lot of people need to re-evaluate their valuations from the perspective of cost NOW to replace like-for-like, not what they could get selling it, or based on what a restoration cost them years ago.
In my case, I had to consider what it would cost to get a half-decent S30 Fairlady Z from Japan and then mod to my personal quality, performance, and detail preferences. Could be done cheaper with a US RHD conversion, but that isn't the point. Something bad happens to my car, I want like for like, meaning a JDM car.
As I've said before, I think a lot of people need to re-evaluate their valuations from the perspective of cost NOW to replace like-for-like, not what they could get selling it, or based on what a restoration cost them years ago.
In my case, I had to consider what it would cost to get a half-decent S30 Fairlady Z from Japan and then mod to my personal quality, performance, and detail preferences. Could be done cheaper with a US RHD conversion, but that isn't the point. Something bad happens to my car, I want like for like, meaning a JDM car.
Alphabettispaghetti
Club Member
Thats very sensible thinking and the way insurance should be. What would a like for like replacement cost?
STEVE BURNS
Club Member
When I had mine this was a stipulation on the policy.
For the past 2 years Adrian Flux agreed value requires you to state the modifications; state what you consider to be the condition of the body and interior then send them 5 photos showing the car from the front; back; side; interior and odometer.
Perhaps others might not agree but I've just gone away from Flux agreed value to Heritage on a market value basis (quoting £20,000). My thinking is that the market is so volatile at the moment that in 9 to 12 months time we might all be adding another £5k to the value of our cars from the point of taking out the insurance. I recognise if something very bad did happen then there might be protracted "discussion" as what is the market value of the car at the time of the incident.
Steady market get agreed value
Steeply rising market consider market value option
Perhaps others might not agree but I've just gone away from Flux agreed value to Heritage on a market value basis (quoting £20,000). My thinking is that the market is so volatile at the moment that in 9 to 12 months time we might all be adding another £5k to the value of our cars from the point of taking out the insurance. I recognise if something very bad did happen then there might be protracted "discussion" as what is the market value of the car at the time of the incident.
Steady market get agreed value
Steeply rising market consider market value option
SeanDezart
Well-Known Forum User
Being curious, what was then the pre-market value applied to your Z because even £20k doesn't get you much in the way of a replacement should the worst happen.
Rob - mine was my only and everyday car back when I lived in London - a whole lot more class and a smiley route than some old Twingo or Fiesta !