insurance valuations

General natter about Datsun/Nissans

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stevenewenham
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Location: Auckland

insurance valuations

Post by stevenewenham » Wed Jan 15, 2020 7:34 am

After 2 260 coupes have changed hands in the last month for $55k and $50k
I figured I should nudge up my cover, but the insurer requires a valuation before they will do it.
Does anyone know of a suitable valuer ?

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bernjean
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Re: insurance valuations

Post by bernjean » Wed Jan 15, 2020 8:16 am

I think we can do it through the club. I'll find out but I am sure it has been done before.
I increased mine not long ago. I asked for $35,000.00 on my car. they wanted to know what I had done to increase the value and I told them that these cars were becoming more collectable and market values had risen. They seemed happy with that.
Bernie Kant

mikec(nz)
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Location: Tauranga, New Zealand

Re: insurance valuations

Post by mikec(nz) » Wed Jan 15, 2020 10:10 pm

Classic cover/JRI insurance did not require a valuation until well in the six figures. For the camaro race car we used Mark Joblin for a valuation. Comprehensive and well priced. Insurance company accepted it without question.

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mikey
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Re: insurance valuations

Post by mikey » Thu Jan 16, 2020 6:42 am

I've had a valuation before and found the whole thing a bit Mickey Mouse.

He was a well known valuer and more or less asked me to pick a number that I thought the car would be worth because he didn't really know. This is for a 240z.

¯\_(ツ)_/¯

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stevenewenham
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Re: insurance valuations

Post by stevenewenham » Thu Jan 16, 2020 9:47 am

Thanks for the response everybody.
Bernie,I am interested to see what you find out re doing it through the club.

Mikey, my experience was similar to yours last time I had it valued some years ago,ie pick a number and if it doesn't sound ridiculous
the valuer will go with it.
I switched insurers a couple of years ago because the one at the time wanted photos before increasing, which I supplied , and then
asked for a valuation in addition.That was what prompted me to look for an easier path..The new insurer did not require any of that,
but now do to increase.

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bernjean
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Re: insurance valuations

Post by bernjean » Fri Jan 17, 2020 7:43 am

Will do.
Bernie Kant

BRONZEE
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Re: insurance valuations

Post by BRONZEE » Tue Jan 21, 2020 11:20 am

For current financial members we have done valuations, usually carried out by a senior member of the club, as most of the classic car insurers realise that senior member of the club will obviously know a lot more about them, than someone doing the odd Z valuaton.
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bernjean
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Re: insurance valuations

Post by bernjean » Wed Jan 22, 2020 7:23 am

Hi, Guys, I will draw something up for Steve and bring to committee meeting. I think it is important that the committee sustains anything that goes out on behalf of the club.
Bernie Kant

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