Revaluation
Posted By : Colin Wake, 09-May-2006, 03:11pm
Whatever it would cost you to go out and buy a similar condition car, and put a rebuilt engine into it.
Probably about &163;1500 I would guess.
Colin
Probably about &163;1500 I would guess.
Colin
-
Revaluation
Posted By : Steve Cureton, 09-May-2006, 10:59pm
When I've discussed this with insurance 'experts' I've been told a replacement engine adds no value for insurance purposes as it makes no differnces to them if it runs like a dream or pours out smoke from the back! Colin's advise is about right, the value is what it would cost to buy another car in overall a similar condition with everything taken into consideration including body work and running gear.-
Revaluation
Posted By : Dan Owen, 10-May-2006, 09:54am
OK thanks guys.-
Revaluation
Posted By : Jason Chinn, 14-May-2006, 09:12am
Insurance "experts" are often wrong
In a modern car the "book" value makes several assumptions that
the car is basically all working as intended - of course once you've rolling it over or had it squished flat who would ever know if it ran
like a three legged dog? Classic cars are different - mileage is not so important, condition is and receipts and history more so. A recon
engine should add value - if I were you I'd ask the guys who do the valuations at HQ exactly how they determine this, I've often wondered
if there's any science to it
-
-