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Location:
Brisbane
Registered:
November 2002
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Re: Insurance company rip off!!!! (Read me!)
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Sun, 04 January 2004 03:25
 
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| Quote: |
you work for an insurance company dont you
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No, but I have spent some time in the industry 
| Quote: |
This certain insurance company quoted me 3k valuation on a sprinter with a trueno nose and 4age engine... and a maximum up to 1.4 on repairs... so god forbid i hit the nose and it costs me more to find another which i have to pay for + labour
i think thats accurate
or not
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This may not be what you want to hear, but at the end of the day it's just a 20 year old car with an almost-as-tired engine retrofitted... and as for the nose - the car has a nose from factory, just because this particular type is a little harder to come by doesn't mean that it actually adds any value as functionally it's still exactly the same as a stock one.
To the right person at the right time in the right place this type of car may be worth a small fortune... but as far as a valuation on the car goes it's still just a two door Corolla with no special features.
That is why you need to go through a specialist insurer or a broker that is very flexible, they can take into account your precious front end and perhaps offer you a different value. As an example, I had a friend with a Fiat 125S that has been fully restored. As far as the average motor vehicle valuer is concerned... it's a 30 year old car with a two litre engine, no air conditioning and no power steering... so it's worth buggerall. But, to an enthusiast this type of thing may be worth $15,000.
The trick.. go to a specialist insurer and they will offer a better value. This doens't mean they'll give you what your car has cost or what you think it may be worth, but it means they will take things into consideration a little more solidly.
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| | Subject | Poster | Date |
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Insurance company rip off!!!! (Read me!)
|
Toobs | Wed, 31 December 2003 04:02 |
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Re: Insurance company rip off!!!! (Read me!)
|
rollin | Wed, 31 December 2003 05:08 |
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Re: Insurance company rip off!!!! (Read me!)
|
binny | Wed, 31 December 2003 05:19 |
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Re: Insurance company rip off!!!! (Read me!)
|
Lucid | Wed, 31 December 2003 05:26 |
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Re: Insurance company rip off!!!! (Read me!)
|
Toobs | Wed, 31 December 2003 05:59 |
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Re: Insurance company rip off!!!! (Read me!)
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7M-Brisbane | Thu, 01 January 2004 08:24 |
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Re: Insurance company rip off!!!! (Read me!)
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Classique71 | Thu, 01 January 2004 08:45 |
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Re: Insurance company rip off!!!! (Read me!)
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7M-Brisbane | Thu, 01 January 2004 08:41 |
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Re: Insurance company rip off!!!! (Read me!)
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Flem | Thu, 01 January 2004 09:18 |
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Re: Insurance company rip off!!!! (Read me!)
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toof | Thu, 01 January 2004 23:53 |
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Re: Insurance company rip off!!!! (Read me!)
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Toobs | Fri, 02 January 2004 00:38 |
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Re: Insurance company rip off!!!! (Read me!)
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7M-Brisbane | Sat, 03 January 2004 01:47 |
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Re: Insurance company rip off!!!! (Read me!)
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lang | Sat, 03 January 2004 04:34 |
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Re: Insurance company rip off!!!! (Read me!)
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_Why_ | Sat, 03 January 2004 05:17 |
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Re: Insurance company rip off!!!! (Read me!)
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7M-Brisbane | Sun, 04 January 2004 03:25 |
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Re: Insurance company rip off!!!! (Read me!)
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_Why_ | Sun, 04 January 2004 04:58 |
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Re: Insurance company rip off!!!! (Read me!)
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Lambolica | Sun, 04 January 2004 23:23 |
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Re: Insurance company rip off!!!! (Read me!)
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Toobs | Mon, 05 January 2004 01:09 |
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Re: Insurance company rip off!!!! (Read me!)
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Southo | Tue, 06 January 2004 02:30 |
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Re: Insurance company rip off!!!! (Read me!)
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biased99 | Tue, 06 January 2004 11:56 |
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Re: Insurance company rip off!!!! (Read me!)
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Toobs | Wed, 07 January 2004 04:07 |
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Re: Insurance company rip off!!!! (Read me!)
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Southo | Wed, 07 January 2004 09:20 |
