"Agreed Value" valuations - Page 2

73CSL · 16-03-2013, 11:59 AM

agreed value is not always based on what you bought the car for, but in the worst case scenario you had to find a replacement tomorrow , the amount a similar car would cost. from a dealer etc. I insure all my 'classics' on agreed value, as market value rates are usually well out when compared to the reality replacement cost of rare cars

Its like on antiques roadshow when they give the owners insurance valuations

_Nathan_ · 16-03-2013, 12:12 PM

Unless you are suggesting that you somehow got a super never to be repeated bargain deal on your car then the cost for replacement of a same spec car tomorrow would be about what you paid plus or minus a grand or two? That might change in the next 15-20 years as more get written off but right now your car could be replaced for what someone is willing to pay and we have a good gauge of that already on your invoice, I'd say the price you paid plus 2k would be sensible to get you back in the same spec car quickly (or as quickly as the currently non fluid CSL market would allow)?

I'm surprised they'd take owners club as proof too to be honest, owners clubs always seem to talk up their own books

16-03-2013, 11:59 AM	#11
73CSL S5 - Full Throttle Join Date: Feb 2013 Location: North Yorkshire Posts: 464 Casino cash: $8747	agreed value is not always based on what you bought the car for, but in the worst case scenario you had to find a replacement tomorrow , the amount a similar car would cost. from a dealer etc. I insure all my 'classics' on agreed value, as market value rates are usually well out when compared to the reality replacement cost of rare cars Its like on antiques roadshow when they give the owners insurance valuations Last edited by 73CSL; 16-03-2013 at 12:05 PM.

16-03-2013, 12:12 PM	#12
_Nathan_ Driving it like I nicked it Join Date: Sep 2008 Posts: 2,099 Casino cash: $13060	Unless you are suggesting that you somehow got a super never to be repeated bargain deal on your car then the cost for replacement of a same spec car tomorrow would be about what you paid plus or minus a grand or two? That might change in the next 15-20 years as more get written off but right now your car could be replaced for what someone is willing to pay and we have a good gauge of that already on your invoice, I'd say the price you paid plus 2k would be sensible to get you back in the same spec car quickly (or as quickly as the currently non fluid CSL market would allow)? I'm surprised they'd take owners club as proof too to be honest, owners clubs always seem to talk up their own books __________________ Nathan